Business Credit Tips

My journey into the world of starting and maintaining business and corporate credit.

The Magic Number for Business Lines of Credit is 720 FICO

Posted by Jeff Miller on August 2, 2008

I’ve been talking to several companies who broker Business Lines of Credit. They all say that the minimum FICO for starting a business line of credit is 720. They all say that higher is better but they can’t get someone started if they have a lower FICO.

One company can start with someone at 680 but I suspect that they are creating personal lines of credit to build you up to a business line of credit. This isn’t a bad thing but it does add to the time it’ll take to reach your goal.

So, starting at 720 (or upon reaching it), they will start or buy a corporation. From there they will build up your Paydex through multiple small lines of business credit. Once the Paydex is built up, you are all set for the larger business lines of credit.


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