If the factors of the credit score played a part in the credit decision for the business purpose credit I personally see nothing wrong mentioning those reasons in the write up, providing of course the individual who's score you are referring to was to be personally liable on the business debt. If they were not then their individual credit score should not play a factor in the credit decision, in fact you have no permissible purpose to have their credit score/report if they were not to be personally liable on the debt.
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The opinions expressed are mine and they are not to be taken as legal advice.