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.