 TITLE: How to Maintain Your Business Credit Score During the COVID-19 Crisis CONTENT: How Is Your Personal Credit Score Related to Your Business Credit Score?\n------------------------------------------------------------------------\nYour personal credit score and your business credit score are two separate scores. However, lenders and others may consider both scores, especially if you're a sole proprietorship or if your business is relatively new and doesn't have a substantial credit history of its own.\nIn addition, some business credit cards require a personal guarantee and report card activity to your personal credit report. This can affect your personal credit score negatively or positively, depending on how well you manage business credit. The same is true for any business loans that consider your personal credit history for approval.\nIdeally, you should maintain a clear separation between your business and personal finances. This will firmly establish your company as a business rather than a hobby and increase its credibility in the eyes of lenders, suppliers and the IRS.\nHaving credit issued to your business, and not linked to you personally, can also protect your personal credit history in the event your business faces financial difficulty. END