Business Term Loan for a 580–619 Credit Score

Considering a business term loan with a 580–619 credit score? At this range, you have real options with the right funder. Byzfunder is a direct funder — we underwrite from our own balance sheet, weigh revenue and time in business alongside FICO, and fund in hours after approval.

What a 580–619 score means for a business term loan

A 580–619 FICO sits at the top of the poor band, just below fair. Banks and SBA programs typically still decline here, but non-bank direct funders like Byzfunder can approve when revenue and deposit history support the file. Baseline criteria: 12+ months in business, $20,000+ monthly revenue, business bank account.

Why a term loan fits at this range

Fixed payments over a defined term make budgeting simpler than open-ended revolving debt. Typical range for qualifying files: $5,000–$500,000, with funding in 24–48 hours after approval. Your offer depends on revenue, deposit consistency, and existing obligations.

Ways to strengthen your application

• Provide 3–4 months of business bank statements
• Show consistent daily balances and few or no NSFs
• Clear or reduce short-term advances before applying
• Keep revenue flowing through a single business account

What to expect

Fast decision, funds in 24–48 hours after approval, and a dedicated specialist through the process. Every file is underwritten individually — approval and terms depend on your business.

Apply for funding to see what you qualify for.