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What if I only use a personal account for business?

Find out what to do if you don’t have a separate business bank account yet.

WeLendIt Support avatar
Written by WeLendIt Support
Updated over 6 months ago

If you only use a personal account for your business:

  • You may still qualify for some funding programs, but your options could be more limited.

  • Many lenders prefer or require a dedicated business bank account to consider your application.

  • Opening a business account is usually quick and straightforward with most banks and can significantly improve your funding options.

  • We recommend setting up a separate business account as soon as possible—it’s a small step that can make a big difference!

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