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Understanding a Personal Business Loan

Who Qualifies?

Here’s the low-down on qualifying:

​If you’ve got a great personal credit score, personal loans for small businesses could be a good way to finance your new venture. In order to qualify, you’ll need to have a credit score of 580 or above for it a viable option. A personal business loan application will not take into account business information, only personal.

Most businesses who qualify had:

  • Annual Revenue: Over $45K

  • Credit Score: 680

  • Time in business: Over 2 years

To learn more about personal business loans, find out what documents you need to apply, and to submit an application visit our Personal Business Loan Page.

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