How to Improve Personal Credit to Secure Business Funding

Event description

In 2025, improving your personal credit is a critical step in securing business funding. Lenders view your creditworthiness as a reflection of financial responsibility. As the Founder & CEO of EXPANDEMONIUM, almost half the clients I work with have some type of personal credit issue that warrants an application denial according to current lending standards. With that said, start by (1) reviewing your credit report for errors and disputing any inaccuracies that may be lowering your score. Consistently making (2) on-time payments is essential, as payment history accounts for a significant portion of your credit score. (3) Lower your credit utilization by paying down existing debt and keeping balances below 20% (preferably 10%) of your credit limits. Avoid (4) unnecessary credit inquiries and new accounts that could temporarily drop your score. Additionally, maintain a (5) diverse credit mix, such as: credit cards, installment loans, and retail accounts—to demonstrate financial stability. By taking these proactive measures, you can boost your credit profile, increase your chances of loan approval, and secure better financing options to grow your business successfully. 

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