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The credit score you need for working capital depends on the lender and loan type. The lowest qualifying credit score is usually 550, but having a higher credit score can provide better repayment ...
SBA 7(a) loans. SBA 7(a) loans have loan amounts of up to $5 million and repayment terms of up to 10 years when used for working capital. It can take up to 90 days to receive funds, but the capped ...
Lender. Working capital loans. Top features. OnDeck. Term loan. Line of credit. Repayment terms up to 24 months. Loans from $5,000 to $250,000. Credit lines from $6,000 to $100,000
Key takeaways. Most lenders use credit checks to determine whether you can repay a loan. It's possible to find no-credit-check business loans, though it depends on the lender and loan type
Most lenders do a type of credit check called a hard credit pull when a borrower applies for a personal loan. A hard pull shows up on your credit report and can affect your credit score. A few ...
Because unsecured loans have no collateral, the lender takes on more risk when lending money to businesses. ... This type of working capital loan is high risk and often used by business owners ...
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