Legal Question in Business Law in Ohio

Re: Business

If the borrower is the business, it is the business's credit that will be affected. The business is the primary borrower and primarily liable. Whether it shows up on a company credit report or elsewhere on the company's credit depends on whether the lendor is a reporting entitly, files a lien or files a claim. If you are a personal guarantor, and not also a borrower, your credit shouldn't be affected unless the company defaults, and then usually not until the lendor calls the loan or pursues a claim. You are liable for the debt but as a guarantor, not as the debtor.