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How Does Applying to Multiple Lenders Affect My Credit Score?

Editorial Note: Fundera exists to help you make better business decisions. That’s why we make sure our editorial integrity isn’t influenced by our own business. The opinions, analyses, reviews, or recommendations in this article are those of our editorial team alone.

Are you nervous that if you apply to multiple lenders for a small business loan that it will hurt your credit score? Fundera Customer Success Director, Demetri Yannopoulos, lets you know how it affects your credit score in this video below. If you want to explore “rate-shopping” more, check out this article.

Meredith Wood

Meredith Wood

Meredith Wood is the founding editor of the Fundera Ledger and a vice president at Fundera. She launched the Fundera Ledger in 2014 and has specialized in financial advice for small business owners for almost a decade. Meredith is frequently sought out for her expertise in small business lending. She is a monthly columnist for AllBusiness, and her advice has appeared in the SBA, SCORE, Yahoo, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, MyCorporation, Small Biz Daily, StartupNation, and more. Email: meredith@fundera.com.