Most small business lenders generally want an excellent personal credit score of 740 or higher. The better your score, the more likely you’ll secure a low rate with flexible terms. However, many lenders are willing to work with those who have lower scores. For example, Fundbox’s minimum credit score requirement for their business line of credit is only 600.
Just be mindful that having a low or bad credit score will likely result in a higher interest rate. If you can postpone applying for funding, try boosting your credit score to be eligible for the most competitive offers.