will banks lend your business money for purchase based on your paydex score w/o personal guarantee? really would like to avoid using my personal credit. thanks.
99% of the time the answer is "no". But I know a business owner that did once, but it was a local bank he had a relationship with for years. They knew his business and his deposits. It was a small loan of about $8K. Not sure if he ever got it increased or what. But I know he got the $8K, and his personal scores were below 400, so no way they used those scores.
99% of the time the answer is "no". But I know a business owner that did once, but it was a local bank he had a relationship with for years. They knew his business and his deposits. It was a small loan of about $8K. Not sure if he ever got it increased or what. But I know he got the $8K, and his personal scores were below 400, so no way they used those scores.