Will SME Loans Affect My Credit Score?

Whether an SME loan affects your credit score depends on the type of financing and the lending party you choose. If they require a hard credit check, it is likely to lower your score. When and how you handle your repayments also has a long-term impact – it will be reflected in your credit score if you don’t repay your debts reliably. However, there are many further options for SME financing that do not automatically affect your credit score, such as our merchant cash advance.