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The Preparation Sometimes, your business is doing fine, and your credit score is in good shape as well.
What these owners might not realize is that banks have recently developed a reputation for rejecting small business loans.
Some people are under the impression that their personal credit does not affect their business loans. A majority of banks look into both the types of credits.
One of the aspects of credit that matter a lot to the banks is credit history.
Perhaps you belong to an industry that is high-risk per se.
Examples of such businesses are companies selling marijuana-based products, online gambling platforms, and casinos, dating services, blockchain-based services, etc.