Why Your Credit Score Matters

Updated on August 20, 2025

Reading Time: 3 minutes

When applying for funding, many business owners meet the minimum requirements but are still declined...

Hi Reader When applying for funding, many business owners meet the minimum requirements but are still declined. Why? Because lenders also run credit checks on the directors’ profiles. This means that even if your business is financially healthy, your credit score can still impact the outcome. One lender recently explained a decline like this: We use factors like credit score, industry, and affordability to generate a score. The generated score didn’t meet our threshold, which led to the...

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Karabo Kgophane

Karabo Kgophane is a Social Media & Digital Community Manager with a background in journalism and film and television production, and over four years of experience curating content for entrepreneurs. He manages social media platforms, creates content for newsletters, writes articles, and builds relationships with stakeholders. Passionate about helping entrepreneurs thrive, Karabo stays on top of trends to keep them ahead of the game.