Does My Personal Credit Score Affect My Business Loan Eligibility?

By Century Business Finance on Dec 6, 2024

A business owner having a conversation on the phone and looking puzzled after asking his financial advisor; does my personal credit score affect my business credit?

Does your personal credit score affect a business loan? The simple answer is yes. Most business owners applying for a loan will probably realise fairly quickly that their own personal credit score does apply and impact their business’ ability to get funding. However, perhaps the more …

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Why Business Equipment Loans Are Perfect For Scaling Your Operations

By Century Business Finance on Nov 15, 2024

Retail business owner smiling with his laptop some time after securing a business equipment loan and seeing his company rapidly grow.

Not all businesses, especially those at the smaller end of the scale, have the available finances to purchase the expensive equipment they need outright. In fact, investing this level of capital in equipment could have a serious negative effect on cash flow. Even for larger and more e …

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The Different Types Of Business Loans For Construction Companies

By Century Business Finance on Nov 1, 2024

A labourer transporting new materials after his employer secured a construction business loan.

The construction industry operates in a different way to other sectors. Construction projects are taken on by firms, often requiring a significant amount of capital, and they often do not get paid the full amount until the project is completed. This can often mean construction compani …

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