Guide
Credit unions price well and move slowly, and most require membership eligibility before underwriting begins.
✓ Checking what you qualify for does not affect your credit score.
A credit union will usually beat any rate on this site. It will also usually take weeks, require membership, and ask for tax returns and financial statements.
Business lending is a small part of most credit union books, which is why timelines stretch.
If the capital funds something time-bound — a contract, a lease, an auction, a payroll run — the cheaper money that arrives in six weeks is not cheaper.
If nothing is time-bound, the credit union is very likely the right answer and this site is not.
Same-day decision, next business day funding. Tier 1: 650 FICO, 3 years in business, $300,000 a year or $25,000 a month, 8+ monthly deposits. Tier 2: 600 FICO, 6 months in business, $60,000 revenue, $800 minimum daily balance.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Usually yes, and usually slower, with a membership requirement first.
Same-day decision, next business day funding on a complete file.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
