No, this is an inaccurate assessment. Inquiries are inquiries regardless of the source -- whether there's a PG or not.
In other words, whether you apply for a business credit product that results in a HP on your personal CRs or apply for a any consumer product will be weighed no differently. There is no 'discounting'. Every lender has their own distinctive UW criteria so AI and algorithms are going to be the deciding factor.