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Minimum Requirements for Business Loans
Qualifications for being funded will vary by loan product and lender
Credit Score
550+
Credit score requirements will vary by loan type and lender. Many options are available for scores in the mid 500s whereas having a score in the 650+ range will help you qualify for longer term options
Time in Business
3 months+
Some lenders will fund you at 3 months and others will require 1-2 years
Monthly Revenue
$10k+
Lenders will want to see a minimum threshold of your monthly or annual revenues. This will vary by industry, lender, and loan type
