Business Loans for a 600 Credit Score
At 600 FICO you can qualify for working capital, MCAs, equipment financing, and some online LOCs. Expect 22%–45% APR or factor 1.22–1.38. Strong revenue moves you toward the better end.
A 600 personal FICO qualifies for most working capital loans, merchant cash advances, equipment financing, and some online lines of credit through the BizBee partner network. Expected rates run 22%–45% APR on term-style products and factor 1.22–1.38 on MCAs. Stronger monthly revenue ($20K+) and 12+ months in business can push you into the lower end of those ranges.
Key takeaways
- 600 FICO is above most online lender minimums.
- Working capital loans and MCAs are the most accessible.
- Equipment financing uses the asset as collateral — credit matters less.
- Rates run 22%–45% APR or factor 1.22–1.38.
- Revenue strength matters more than credit at this tier.
Who this is for
Owners sitting at or near 600 FICO who want to know which products realistically work.
What you need to qualify
| Requirement | Typical standard |
|---|---|
| Personal FICO | 600+ |
| Time in business | 6+ months |
| Monthly revenue | $15K+ (preferably $20K+) |
| Bank statements | 3–6 months clean |
What 600 FICO actually unlocks in 2026
A 600 personal FICO sits above the 580–600 threshold most online business lenders set as a minimum. At this tier, the BizBee partner network reliably offers working capital loans, merchant cash advances, equipment financing, revenue-based financing, and a small number of online lines of credit. Bank term loans and SBA loans are typically out of reach (most require 680+).
Expected pricing at 600 FICO: 22%–45% APR on working capital and online term loans, factor 1.22–1.38 on MCAs, 12%–28% APR on equipment financing (the asset secures the deal), and 18%–28% APR on the rare 600-FICO LOCs available. Monthly revenue is the lever that moves you within these ranges, stronger deposits earn the lower end.
Revenue beats credit at this tier
Online underwriters weight bank-deposit data heavily at the 600-FICO level. A 600-FICO borrower with $50K/mo in clean deposits often gets better pricing than a 640-FICO borrower with $18K/mo. Average daily balance, deposit consistency, and absence of NSFs are the three highest-impact bank-statement metrics.
Practical impact: a 600-FICO borrower who can show $30K+/mo with no NSFs and 90 days of clean statements should expect 22%–30% APR or factor 1.22–1.28. The same borrower with $18K/mo and 2 NSFs should expect 35%–45% APR or factor 1.30–1.38.
The path off the 600-FICO tier
Most owners can move from 600 to 650 in 60–120 days with focused work: pay revolving balances under 30% utilization, dispute errors at the bureaus, and avoid new hard inquiries. At 650 FICO, online term loans drop to 18%–28% APR, LOCs become broadly available, and equipment financing pricing improves another 2–5 APR points.
Don't take a 600-tier loan if you can wait 90–120 days for a 650-tier offer — the savings on a $100K loan can be $5K–$10K in total interest.
What underwriters look at beyond FICO at the 600 tier
At 600 FICO, the bank-statement review carries more weight than the credit report. Underwriters score four metrics: average daily balance (target $5K+), deposit consistency (5+ deposits per month), NSF count (zero in the last 90 days is the goal; up to two is acceptable; three or more usually triggers decline), and ending-balance trend (flat or growing across 90 days). A 600-FICO borrower who scores well on all four bank-statement metrics often gets pricing 8–12 APR points better than a 600-FICO borrower with the same revenue but uneven deposits.
Industry NAICS code is the silent decline factor. About a dozen high-risk industries, adult, cannabis, debt collection, telemarketing, gun retail, certain trucking subcategories, face automatic declines or sharply higher pricing at every credit tier, including 600. If you're in one of these, plan to apply only to lenders that publicly accept your NAICS rather than burning hard inquiries on declines.
Time in business compounds with FICO at this tier. A 600-FICO business at 6 months has access to roughly 30% of the partner network at top-of-range pricing. A 600-FICO business at 24 months has access to roughly 70% of the network at meaningfully better pricing. Every additional 6 months in business is worth roughly 2–3 APR points and an additional 0.25x loan-to-revenue cap.
The fastest 60-day playbook to move from 600 to 650
FICO at the 600 tier is more movable than most owners realize. Revolving utilization is responsible for 30% of the FICO algorithm and updates within one reporting cycle (typically 30 days). The single highest-impact move is paying every revolving balance, business and personal credit cards, plus any open lines of credit, to under 30% of the limit. A borrower carrying 75% utilization across three cards who drops to 25% almost always gains 30–50 FICO points within 60 days. No other action produces a comparable lift in comparable time.
The second-highest-impact move is disputing inaccurate negatives. The CFPB's 2024 review found that roughly 26% of credit reports contain at least one material error. Pull all three bureau reports through AnnualCreditReport.com (free, no FICO impact), dispute every late payment, collection, or balance that's incorrect, and let the 30-day reinvestigation window run. Successful disputes often add another 15–25 points.
Third: stop new applications for 90 days. Each hard inquiry costs 2–5 points and stacking inquiries signals risk to the FICO model. The combination of utilization reduction + dispute cleanup + zero new inquiries reliably moves most 600-tier files into the 640–660 range inside a 90-day window, which unlocks materially better loan pricing across the BizBee partner network.
How to decide if this is right for you
Five questions decide whether to take a 600-FICO offer now or wait for better.
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1
Can the need wait 60–120 days?
Most credit improvements take that long to reflect in pricing. Waiting saves real money on most loans.
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2
What's your monthly revenue floor?
Below $20K/mo, expect the higher end of the 600-tier rate range. Above $30K/mo, expect the lower end.
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3
Is the funded use ROI-positive in 90 days?
At 30%–45% APR, the use needs to clearly out-earn the cost. Confirm before signing.
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4
Are there NSFs or negative days in the last 90 days?
Each NSF is roughly worth 2–5 APR points. Clean up the statements before applying if possible.
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5
What's your refinance plan?
Take the 600-tier loan with a clear 6–12 month plan to refinance into cheaper capital once credit improves.
When this makes sense
- Your credit isn't moving up fast and you need funding now.
- Your revenue is strong enough to qualify on bank deposits.
When to be careful
- Avoid stacking multiple short-term advances at this tier, it's the fastest way to a cash-flow crunch.
How this plays out in practice
Strong-revenue 600-FICO owner
Situation: 600 FICO, 24 months in business, $45K/mo deposits, no NSFs, needs $50K for ROI-positive equipment.
Recommendation: Equipment financing at 15%–22% APR (asset-secured) — better deal than the 600-FICO unsecured options at 28%–35%.
Weak-revenue 600-FICO owner with urgent need
Situation: 600 FICO, 14 months, $18K/mo deposits, 2 NSFs in last 90 days, needs $25K in 48 hours.
Recommendation: MCA at factor 1.32–1.38. Plan to spend 90 days cleaning up statements and pulling FICO toward 650 before next round.
600-FICO owner who could wait 90 days
Situation: 600 FICO with 75% revolving utilization, 18 months in business, $35K/mo deposits, $100K need with no urgency.
Recommendation: Pay revolving to 25% over 60 days, expect 20–40 FICO point lift, apply at 640+ for a 18%–24% APR term loan instead of 30%–35%.
600-FICO owner in a high-risk NAICS
Situation: 600 FICO, 18 months in business, $40K/mo deposits, but trucking authority under 12 months old, which most lenders decline.
Recommendation: Apply only to BizBee partners that publicly accept new-authority trucking. Equipment financing on the truck itself (asset-secured) and factoring on freight invoices are usually the only paths until 24+ months of authority history.
600-FICO owner with high revolving utilization
Situation: 600 FICO driven primarily by 85% revolving utilization across three business credit cards; otherwise clean payment history; 30 months in business; $55K/mo revenue.
Recommendation: Pay revolving balances under 30% utilization over 60–90 days, typically lifts FICO 40–60 points to the 640–660 range. Then apply for a term loan at 18–24% APR rather than locking in a 600-tier offer at 28–35%. The 90-day wait usually saves $8K–$15K in total interest on a $100K loan.
See your 600-FICO options
Soft-pull pre-qualification across BizBee partners, no credit impact.
Frequently asked
Common questions
Glossary
Terms worth knowing
- Personal guarantee (PG)
- A contract where the business owner personally backs the business debt. Required on almost all 600-FICO loans.
- Soft pull / hard pull
- Soft pull = credit check with no FICO impact (pre-qualification). Hard pull = credit check that lowers FICO 2–5 points (final approval).
- NSF
- Non-Sufficient Funds, a failed transaction due to insufficient balance. Each NSF in the last 90 days lowers your tier.
- Tier pricing
- The practice of grouping borrowers by FICO + revenue + time in business into pricing bands. Each tier has a published rate range.
- NAICS code
- The 6-digit industry code on file with the IRS. A small set of NAICS codes face automatic decline or premium pricing at every credit tier.
- Revolving utilization
- The percentage of available revolving credit currently in use across all credit cards and lines of credit. The single most movable input to FICO at the 600 tier, dropping from 75% to 25% utilization typically produces a 30–50 point lift within 60 days.
- Pay-for-delete
- A written agreement with a collection agency to remove a collection from the borrower's credit report in exchange for payment. The only safe way to pay an older collection without re-aging the negative on FICO 8.
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