Purchasing a trailer under business.

You mean, does a loan under your business name reflect upon your personal credit?

 

It depends on the age and credit worthyness of your business. If you're business is too young or it's credit history sucks, than they may require you to personally guarantee any financing. If that's the case than yes it will end up on your personal credit report.

But if they deem your business to be credit worthy without a personal guarantee than it'll stay off your personal report.

Also I believe the structure of the business is also a factor. If you have an LLC or Corp of some kind with good credit they won't ask for a personal guarantee. But if you have a sole proprietor or something similar than I don't think there is such thing as separation of business finances from personal. But I am not a CPA, just a business owner.

 

I sign all my loans with a personal guarantee, but my credit report shows only two credit cards. Even my Costco card is reported under my business debt.

In other words, a personal guarantee doesn't necessarily show up on your credit report. Mine is 806, because of 2 cards with a long history and no credit utilization. Business is a different story.

It's really an ideal situation, because they look at your personal credit score for loan evaluation, but then the loan doesn't go on your personal credit, in case you need to apply for a mortgage or some such.