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WebOct 19, 2024 · That said, in most cases, business lenders require a minimum credit score of at least 670 to qualify for their credit cards. 5. Invoice financing and factoring. You may have no revenue right now, but with abundant outstanding invoices, you could likely qualify for invoice financing or factoring. There’s more than one kind of small business loan. Deciding why you need financing will help you choose the right kind of loan. Here are a few common scenarios: 1. Buy new equipment Some lenders offer equipment loans. This type of loan is designed to help you purchase business equipment, like machinery or office … See more Although business loan requirements vary, here are four things lenders are likely to consider when reviewing your small business loanapplication: 1. Credit score. When you apply for a … See more The final step is to submit your small business loan application. Depending on what lender you’ve decided to work with, you can do this online or in person. Here’s some information a … See more There are several places you can find small business loans. Here are three of the most common types of lenders. See more Once you understand your lending options, gather the required documents. A lender will likely ask for these items: 1. Personal and business tax returns 2. Business licenses 3. … See more WebNov 30, 2024 · 3. Be Prepared for a Personal Guarantee or UCC Lien Instead. While you may be able to get a small business loan without having to offer collateral, that doesn’t mean the lender won’t ask for ... knock flight destinations