The role of credit scores in startup funding

The Role of Credit Scores in Startup Funding

For many entrepreneurs, borrowing is a necessary evil as few new businesses have the capital to be entirely self-funded.

In this article, I’ll explain the role credit scores play in startup funding and some of the credit score-based borrowing options available.

The Rise of the Self-Employed

Figures from the Government released in January stated that numbers of self-employed people are the highest they have ever been in 40 years. According to the UK Commission for Employment and Skills, 15% of the UK’s workforce are now self-employed.