Part 3: Business Credit Loans: How to Get Approved and Fund Your Company Without Using Personal Credit

Unlock funding for your company using business credit — not your personal score. Learn the requirements, types, and smart strategies for approval.

Important Note: This post is part of a series called Credit Power Series. 

Introduction

Your business needs capital to grow — but using your personal credit to fund it isn’t sustainable.
The good news? You can get business loans based solely on your business’s financial history and credit score.
Here’s how to qualify and use these loans to expand responsibly.

What Are Business Credit Loans?

A business credit loan is a financial product that evaluates your company’s creditworthiness — not your personal FICO score.
Funds can be used for:

• Working capital

• Payroll

• Marketing campaigns

• Inventory or equipment purchases

Main Types of Business Credit Loans

1. Business Line of Credit: Access flexible funds, pay interest only on what you use.

2. Term Loans: Borrow a lump sum and repay it monthly with interest.

3. SBA Loans: Backed by the government, offering low rates and long terms.

4. Equipment Financing: Use machinery or tech as collateral.

5. Invoice Factoring: Borrow against your unpaid invoices for faster cash flow.

Minimum Requirements

To get approved, most lenders expect:

• 6–12 months of consistent operations

• An EIN, D-U-N-S Number, and business bank account

• A PAYDEX score of 70+

• Steady monthly revenue ($5,000–$10,000 minimum)

• Clean payment history

Smart Borrowing Tips

✅ Don’t overborrow. Borrow only what you need for growth.
✅ Compare lenders. Check traditional banks, online lenders, and SBA partners.
✅ Keep utilization below 30%. Overuse lowers your business score.
✅ Pay early. Builds a reputation of reliability.

Takeaway

The best entrepreneurs don’t just work for money — they make money work for them.
By building your business credit and applying strategically, you can fund your growth without risking your personal finances.

Important Note: This post is part of a series called Credit Power Series. 

Read Part 1 here: Personal vs. Business Credit: The Hidden Secret Every Entrepreneur Must Know

Read Part 2 here: From Zero to Fundable: The Step-by-Step Blueprint to Build Strong Business Credit

Read part 4 here: Personal Credit Loans: The Fastest Way to Boost Your Credit and Borrow Smarter

Read part 5 here: 7 Proven Steps to Get Approved for Any Loan — Even If You’ve Been Denied Before

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— Danel Homméus AKA DaHo
Writer | Founder | Consultant | Entrepreneur | Philanthropist