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What’s the Minimum Credit Score for Business Loans?

September 17, 2019

Business owners need a credit score of 620 or higher to have access to a variety of financing options. 550 is the minimum for even basic financing that’s not cost-prohibitive. Business loans may be available for lower scores, but they’ll be short-term and expensive to get.

The Minimum Credit Score Needed for Small Business Loans

Business owners with a minimum credit score of 620 can qualify for any financing option. However, business owners with scores of 550 or higher can still qualify for a short-term loan or line of credit with an online lender.

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