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Bad credit, defined by FICO as a score of 300 to 629, is a common reason that lenders reject small-business loan applications. Borrowers with a poor credit score are considered at higher risk of.
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Bad Credit Business Loans: Top 5 Options in 2019 | Fast. – A credit rating between 500-600, which is considered in the range of poor credit to fair credit, will certainly affect the number of lenders willing to finance a small business. Frankly, the majority of banking institutions don’t even offer loans to those with scores this low.