Arkansas Small Business and Technology Development Center

University of Arkansas at Little Rock - College of Business
Donald W. Reynolds Center for Business and Economic Development
2801 S. University / Little Rock, Arkansas 72204
Phone: (501) 683-7700   Fax: (501) 683-7720

Frequently Asked Questions

40. My personal credit is poor. Can I still get a small business loan?

When making a decision on a business loan, lenders will consider your personal credit history. Poor personal credit can be the basis for declining a business loan. Therefore, poor credit can be a problem and can prevent you from obtaining a business loan. You should consider obtaining a copy of your personal credit report to gain a better understanding of your credit history. If you have credit problems, you may want to contact Consumer Credit Counseling Services for guidance. You may need to rebuild your personal credit before applying for a business loan.


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The Arkansas Small Business and Technology Development Center is funded in part through a cooperative agreement with the U.S. Small Business Administration through a partnership with the University of Arkansas at Little Rock College of Business and other institutions of higher education. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. It is the goal of UALR to eliminate discriminatory harassment and to promote equal opportunity regardless of race, gender, color, national origin, sexual orientation, age, religion, veteran's status, or disability.