| Term loan | While banks and credit unions typically require a score of 670 or above, online lenders may only require a score of 500 |
| Line of credit | Similar to term loans, you’ll need 670 or higher when applying at a bank but may only need a score of 580 or higher when applying with an online lender |
| Commercial real estate loans | You’ll need a strong credit score — preferably 680 or higher — to secure a commercial real estate loan |
| Equipment loan | Since equipment loans are secured by the equipment you purchase, you could get approved with a minimum credit score of 600 |
| Merchant cash advance | This type of bad credit loan is accessible to credit-challenged borrowers with a credit score in the mid-500s |
| SBA loan | Lenders offering SBA loans require credit scores between 620 and 680 |
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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© 2025 incapitalquest.com – All rights reserved.