Aug 14, 2017 Busting 5 Myths About Small-Business Lending
This article gives some practical information about small business lending. It mentions that for most small business, the business owner’s personal credit score is often most important. But there are other factors including cash flow, a marketing plan or a business plan.
I would like to add to the article by pointing out that most business owners need to guarantee a small business loan so you are on the hook either way. So go for the cheapest lending source (which might be a personal loan) unless you want your company to establish credit itself. Even with a company credit history of ten years or so, you are still most likely going to be required to guarantee the loan personally so that is a very long term goal in the life of a small business.
See the complete article at https://www.entrepreneur.com/article/248445