Personal credit scores assess the creditworthiness of individual consumers. They are linked to an individual's Social Security Number (SSN) and their personal credit history.

Personal credit scores are generated by credit reporting agencies, such as Dun & Bradstreet, Experian, and Equifax. These agencies collect and maintain personal credit data, including information on credit cards, loans, and other personal financial transactions.

Personal credit scores are based on an individual's personal credit history, including factors like credit card accounts, mortgages, auto loans, and personal loans. Late payments, credit utilization, and other factors related to personal financial behavior impact the score.

Personal credit scores use various scoring models, with FICO and VantageScore being the most common. These models evaluate an individual's credit history to produce a numerical credit score, typically ranging from 300 to 850.

Business credit scores evaluate the creditworthiness of businesses or organizations, not individuals. These scores are associated with a business's Employer Identification Number (EIN) or D-U-N-S Number.

Business credit scores are generated by business credit reporting agencies, with Dun & Bradstreet, Experian, and Equifax. These agencies collect and maintain data on a business's financial transactions, trade credit, and payment history.

Business credit scores are based on a business's financial history, including how it manages business credit accounts, vendor relationships, and payment history with suppliers and creditors. Factors such as the length of time in business and industry-specific data can also impact the score.

Business credit scores use specific scoring models tailored for assessing the creditworthiness of businesses. The numerical range can vary by scoring model, but they typically range from 0 to 100 or 0 to 300.

To qualify with most of our lenders we do require a 500+ credit score, at least 6 months in business, and monthly business deposits of at least $15k-$20k.