Having a FICO credit score under 630 can make finding business loans difficult — but it’s not impossible. Find our favorite bad credit business loans below.
Pros : Offers a higher funding amount at $500,000 · No-cost application, Cons : High annual sales requirement to qualify for the loan
We researched the best small business loans for bad credit borrowers based on rates, terms, and more. If your credit score is preventing funding, this guide will help.
Pros · Cons · Additional Information ; Pros · Cons · Additional Information
BusinessLoans.com ; Loan amounts · $5,000 to $3,000,000 ; APR range · Varies by product ; Minimum Credit Score · 550
Key takeaways ; It can be hard to qualify for a business loan if you have a FICO Score under 670 ; Different types of bad credit business loans, such as short-term loans, business lines of credit and SBA microloans, can improve your chances of approval ; You can improve your chances of getting approved for a business loan with bad credit by updating your business plan, choosing the right loan and lender, finding a co-signer and showing strong finances
1. Safeguarding Financial Health · 2. Enhancing Profitability · 3. Regulatory Compliance · 4. Building a Strong Reputation · 5. Supporting Sustainable Growth · 6. Navigating Economic Cycles · Conclusion
Not all business loans are the same. Check out our guide to learn more about the different types of bad credit business loans.
Lender, BBB Grade ; Upgrade Personal Loan, A+ ; Avant Personal Loan, A+ ; Upstart Personal Loan, A+ ; OneMain Financial Personal Loan, A- ; LendingClub Personal Loan, A+ ; LendingPoint Personal Loan, A+
Types of loans you can get with a bad credit score ; How to get a loan with no credit ; The best way to get a loan with bad credit