When applying for business financing, Lendio will perform a soft credit check* to assess your creditworthiness, determine loan terms, and manage risk. Your credit history provides insights into past borrowing behavior, influencing interest rates and financing amounts.
*Filling out an application for business funding and submitting it to our funding partners will not impact your personal credit score. However, depending on the product and lender, accepting a funding offer may result in a hard credit inquiry, which could affect your personal credit score.