What’s the Minimum Credit Score Required for a Small Business Loan?
Most lenders, especially banks, will want to see a minimum credit score of around 680. This is also typically the requirement for SBA funding as well. Of course, having higher credit can boost your approval odds and help you access better interest rates.
If your credit score is less than 680 or your business is fairly new, it’s possible your financing application may be rejected by a bank. But before you get too discouraged, it’s helpful to keep in mind that not all small business lenders have a minimum credit score requirement.
Bank rejections can be discouraging, but not all small business lenders have a minimum required credit score.
At LoanGIANT, you can find options regardless of your credit score. We have programs for small businesses with good credit, bad credit, and everything in between.
Instead of focusing only on your business and personal credit scores, we consider your annual revenue, and how your new opportunity could help you grow.
SBL - What’s the Minimum Credit Score Required for a Small Business Loan?
Grow Your Business
Financing gives you access to the cash you need to fast-track projects and scale your business. You can use funding to open a new location, hire new employees, invest in marketing campaigns, upgrade internal processes, and much more.
