EIDL on credit report

[YoungBiz21]

Does anyone know if the EIDL will show up on your personal credit report if you are a sole proprietor?

[jaxstraw]

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@YoungBiz21 wrote:

Does anyone know if the EIDL will show up on your personal credit report if you are a sole proprietor?

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It should not.

It's a business loan.

Just for instance....if you accepted over $25k they put a UCC1 financing statement on your commercial property.

[Anonymous]

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@YoungBiz21 wrote:

Does anyone know if the EIDL will show up on your personal credit report if you are a sole proprietor?

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I would think it will. I have an S-Corporation and the SBA pulled my Experian report for the EIDL (the pull was a month ago and still no decision on whether or not I will get anything).

[Anonymous]

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@YoungBiz21 wrote:

Does anyone know if the EIDL will show up on your personal credit report if you are a sole proprietor?

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EDIT: see post 6

[YoungBiz21]

Thanks for the replies guys. I only asked because a friend of mine is on the fence about accepting her loan. She wants to purchase a house later in the year and do not want her DTI to skyrocket. She is a sole proprietor.

[Anonymous]

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@YoungBiz21 wrote:

Thanks for the replies guys. I only asked because a friend of mine is on the fence about accepting her loan. She wants to purchase a house later in the year and do not want her DTI to skyrocket. She is a sole proprietor.

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My bad -- I misread what you were asking. The inquiry shows up on personal credit. As to the loan itself -- I'm not certain but I've read it does not. I apologize for the misinformation.