Quick answer: Yes, you can get a business loan with a 600 credit score. Banks usually want higher scores, but many non-bank lenders approve business owners with scores in the 600s when the business has steady revenue and a few years of history. At Brookestone Funding, the minimums are a 600+ credit score, 2+ years in business and $30,000+ in monthly revenue.
How much does credit score matter for a business loan?
Your personal credit score shows lenders how you’ve handled debt, but for business loans it’s only part of the picture. Non-bank lenders give a lot of weight to your business bank statements: how much comes in each month, how consistent it is, and whether you already have other loan payments. A business with strong, steady deposits and a 620 score can be a better candidate than a business with a 740 score and shrinking revenue.
Business loan options with a 600+ credit score
| Option | Typical credit expectations | Notes |
|---|---|---|
| Bank loan | Usually well above 600 | Hardest to get; often needs collateral |
| SBA loan | Varies; lenders review the full file | Low rates but slower and more paperwork |
| Non-bank term loan | Often 600+ | Approval weighs revenue and cash flow heavily |
| Business line of credit | Often 600+ | Flexible; pay only on what you draw |
| Equipment financing | Can be flexible | The equipment itself secures the loan |
What lenders look at besides your score
- Monthly revenue — Brookestone requires $30,000+ per month.
- Time in business — 2+ years shows stability.
- Bank balances and overdrafts — frequent negative days are a red flag.
- Existing debt payments — lenders want to see room for a new payment.
- Industry — some lenders avoid certain industries; others specialize in them.
How to improve your approval odds
- Pay down credit card balances to lower your utilization.
- Check your credit report for errors and dispute them.
- Avoid overdrafts in your business account for a few months before applying.
- Apply for an amount that fits your revenue.
- Don’t submit lots of applications at once; multiple hard inquiries can lower your score.
Brookestone Funding business loans
We offer business term loans, lines of credit and SBA loans from $10,000 to $2,000,000, with terms up to 36 months and rates starting at 8% for qualified businesses. Qualified applications can be funded the same day.
Related Guides
- How Much Business Loan Can I Get? Amounts Based on Your Revenue
- Invoice Factoring vs. Line of Credit: Which Is Right for Your Business?
- Used Equipment Financing: How It Works and How to Qualify
- When to Refinance a Business Loan (and When Not To)
- How to Get Approved for a Small Business Loan: 12 Tips That Work
- APR vs. Interest Rate vs. Factor Rate: How to Compare Business Loan Costs
Frequently Asked Questions
Can I get a business loan with a 600 credit score?
Yes. Brookestone Funding considers business owners with a 600+ credit score who have 2+ years in business and $30,000+ in monthly revenue.
Will a 600 credit score get a higher rate?
Usually, a lower score means a higher rate, but revenue, time in business and existing debt also affect pricing. Brookestone rates start at 8% for qualified businesses.
Does applying for a business loan hurt my credit?
A hard credit inquiry can lower your score slightly for a short time. Avoid applying with many lenders at once.
How much can I borrow with a 600 credit score?
The amount depends mostly on your monthly revenue and existing debt. Brookestone Funding offers $10,000 to $2,000,000.
Ready to see what your business qualifies for? Brookestone Funding offers business term loans, lines of credit and SBA loans from $10,000 to $2,000,000, with same-day funding available for qualified businesses. Apply in minutes, see our business loan options, or call 212-258-0602.
