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Business Term Loans: What Score Do You Need

Business Term Loans: What Score Do You Need

As a small business owner, access to capital is critical. Your credit profile plays a major role in what funding you qualify for and at what terms.

Requirements

  • Minimum credit score requirements
  • Time in business considerations
  • Revenue requirements
  • Documentation needed

    • How to Prepare

  • Check your credit scores (personal and business)
  • Gather financial documents
  • Create or update your business plan
  • Address any credit issues before applying
  • Compare multiple lenders

    • Credit Score Impact on Terms

    Score RangeTypical Impact
    750+Best rates, highest limits
    700-749Competitive rates
    650-699Higher rates, more documentation
    Below 650Limited options, consider alternatives
    CreditBooster prepares business owners for funding by optimizing both personal and business credit profiles. Start with our $1 scan.