Customer small business financing solutions delivered through a single, online application.
Free access to multiple funding solutions
See funding solutions from 75+ nationwide lenders with a single application.
Apply for financing, use free bookkeeping tools, send invoices, and more with a single Lendio account.
Yep, lenders will review your credit score when determining whether you qualify for a small business loan – but your score probably doesn’t matter as much as you think it does (phew).
While having excellent credit will typically help you access larger loan amounts as well as more favorable rates and terms, there are several other factors that can help you qualify. Lenders also look at your time in business, revenues, financial projections, assets, and more.
And many lenders don’t just look at your business credit, they also review your personal credit. For example, if you’re seeking a commercial mortgage loan or a short term loan, your lender may be more concerned with your personal finances.
If your credit score isn’t sky-high, don’t fret – there are plenty of financing options you can still qualify for, such as a merchant cash advance. If you need a small business loan now, choose a loan option that is a little more forgiving about your credit score, then make it a priority to build both your personal and business credit as you grow your business. This will help you improve the viability of your business and continue to qualify for even better loan options in the future.
Our goal is to help small business owners have all the
tools and knowledge possible about loans. We've connected
to hundreds of banks to keep you up to date with the best
loan offers and options for your business!
Mon–Fri | 7:30am–5pm MST
Terms & Agreements
Find a Local Representative
How It Works
Small Business Loans
Building Business Credit
Business Loans Near Me
Copyright © 2022 Lendio. All Rights Reserved. | 4100 Chapel Ridge Road, Suite 500, Lehi, UT 84043
California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through Lendio Partners, LLC, a wholly-owned subsidiary of Lendio, Inc. and a licensed finance lender/broker, California Financing Law License No. 60DBO-44694.