Quote Originally Posted by marlina
I've been offered a franchise working for a company that I know will mean me earning more money than I am currently on. But the first 6 months or so will be hard whilst I am getting myself established. As I am currently in employment I've been told I'm not eligible for a grant, and should apply for a small business loan. However will my personal credit record prevent me from getting a business loan? I need your comment.
I think that you should forget about it. If you're looking for business advice on a software technical support forum, you've got other issues besides your personal credit being bad. Right now is not the time to be borrowing money anyway :) Even banks are having a hard time borrowing money.