Yes! Both are tied together when it comes maximizing your ability to secure business credit for your LLC or corporation. Especially when it comes to any type of bank financing. Banks will always look at your personal credit score, revolving debt and any derogatories. If you have a bankruptcy or foreclosure personally you are not going to receive any cash lines of credit in the name of your LLC or corporation.
The key is to learn how to manipulate your personal credit in the shortest period of time to help impact your results when it comes to business cash lines of credit in the name of your LLC or Corporation.
About The Author: Scott Letourneau is the CEO of Fast Business Credit, Inc. When it comes to securing cash and vendor lines of credit and avoiding costly mistakes his company is the authority. For further assistance regarding the development of business credit go to http://www.FastBusinessCredit.com or call FBC at 1-888-313-6333 or 702-977-5246.