A business owner asks for a $100,000 loan. Credit for company looks good and the banker is ready to do the deal. She pulls the owner's credit up and it shows that he is over-extended, and delinquent on several loans. What would you think about extending the person credit? Are you eager, confident and assured? Be honest. Consider this when figuring out if you need good credit for business loans. Of course you do. Fix your credit. Keep it fixed.