ASK & ANSWER | Browse questions and answers from our community experts
Showing 4 - 6 of 1975 results.
Can one get a business loan with bad credit score?
Asked by unknown
1 Answers
Most business loan lenders offer loans to borrowers with a credit score of 500 to 650âhowever there are also few lenders who do not require a minimum credit score before lending the loan. Lenders also look at the strength of the business rather than credit history. Annual revenue, time spent in the business and absence of bankruptcies are the
What is the credit score required to get a small business loan?
Asked by unknown
1 Answers
Business loans are special loans for small business owners but to get a business loan, a good credit score is required. A 750-credit score is considered to be a great credit score and in order to apply for a small business loanâthe minimum credit score of 620 is required. A credit score is an indicator of loan repayment history, ability to man
What is the average interest charged on a small business loan?
Asked by unknown
1 Answers
The interest rate of a loan depends on the size of the loan and it may vary accordingly. The interest rates can also depend on market rates and thus it keeps on fluctuating. The average interest rates for small business consumer loans can be around 4% to 6%. The Annual Percentage Rate for a loan taken from the Small Business Authority ranges from 6