 TITLE: How to Get a Small Business Loan With Bad Credit CONTENT: Do I Need a Business Credit Score for a Small Business Loan?\n------------------------------------------------------------\nIf you've been in business less than a year, you won't have a business credit score, because credit reporting agencies don't yet have enough information about how your business manages debt. Instead, lenders will look at your personal credit score to determine if you're qualified for a loan. In general, traditional lenders (banks and credit unions) want to see a minimum personal credit score of 650 before approving you for a loan, and many require a score of 680 or more.\nIf you've been in business for more than a year, lenders will consider both your business credit score and your personal credit score. (If you're not sure what your business credit score is, get a free copy of your business credit report to find out.) Traditional lenders will weigh your business credit score more heavily, while alternative financing sources (such as online lenders) focus on your personal credit score and financial indicators such as your business's revenues or receivables. END