The Morning Blend: Dealing With Inflation & When to Consider a Business Loan
Matt Tilton, President and Chief Lending Officer of Centrust Bank, shared with NBC’s TMJ4’s Morning Blend in Milwaukee ways that businesses can work with their bankers to deal with inflation. Matt shared considerations for businesses relative to using loans to deal with inflation.
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1. We conduct a soft credit pull that will not affect your credit score. However, in processing your loan application, SmartBiz Bank and the lenders with whom we work will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may impact your credit score.
The Centrust Blog and other related communications from Centrust Bank, a division of SmartBiz Bank℠, are intended to provide general information on relevant topics for managing small businesses. Be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed. Please consult legal and financial professionals for further information.