Does a Steward loan impact my credit score?

Steward Team Updated by Steward Team

No, a Steward loan does not impact a borrower’s credit score unless the borrower were to default on the loan. This is because Steward issues commercial loans to businesses, not individuals. 

Given that Steward does not require a personal guarantee, and borrowers are able to shield themselves from personal liability, this also means that repayment of the loan will not positively impact a borrower’s personal credit score.

A credit score can be impacted if there is a "hard pull" or formal credit checks are conducted too frequently. If Steward requires a formal credit check during the due diligence process, we will be sure to first notify and receive consent from the borrower.

Did you find what you needed?

How do I learn more about USDA funding options?

Contact