In general, no—debt consolidation loans should not hurt your credit. In fact, if you can use your business debt consolidation loan to more effectively pay off your debt and manage your finances, you can actually use this loan to improve your credit score.
That said, however, there are a few instances in which a debt consolidation loan could hurt your credit:
If you fail to make your payments on time
If you apply for additional loans or overextend your credit utilization while paying off the loan
If the lender performs a hard credit inquiry when you apply for the loan