Launching a business with little or no revenue but strong 740+ personal credit? Some business credit card issuers may consider new businesses based heavily on the owner’s personal credit profile.
Operating for 3–6 months with consistent monthly revenue and regular card sales? A merchant cash advance may have more flexible qualification standards, but it is generally among the more expensive funding options.
Seeking a traditional business line of credit? Typical benchmarks include 720+ personal credit, 1–2 years in business, $100K–$250K+ annual revenue, positive cash flow and established business banking.
Need business capital soon? Prepare your entity details, EIN, ownership, revenue, banking, Experian FICO score, existing debt and exact use of funds before you start the funding process.
Have a personal credit score around 650 and need business capital? Online loans, term loans and working-capital products may use lower credit benchmarks than traditional bank lines of credit.
Actively buying a business and expecting to need financing? Prepare your credit, revenue, banking, debt, ownership and use-of-funds information before lender conversations begin.
