Yes agree in many ways . A commercial loan usually requires a more detailed business plan or presentation to obtain because the bank or financial institution is providing funds for business development and they can analyze the risks and profitability potential of the venture. Personal loans may be more affordable and may not require detailed business plan information because they are designed for the borrower's personal needs. You can contact this address https://www.gofundshop.com/blog/merchant-cash-advances/does-business-credit-affect-personal-credit/ and find out all the details .