No, completing your financing application does not impact your credit score. 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 borrowing behavior, influencing interest rates and financing amounts. Our funding partners will perform a hard credit pull if you decide to acquire funding, but before that point, your credit score will not be affected.
Updated over 6 months ago