Products That Work at 500 FICO
1. Merchant Cash Advance (Best for most)
The most accessible option at 500 FICO. Most MCA lenders publish 500 as the floor, with some accepting lower. Approval is driven by monthly revenue ($10K+/month) and bank statement health. Funded in 24–72 hours.
2. Revenue-Based Financing
Similar to an MCA but uses total revenue (not just card sales). Better fit for service businesses, B2B, and businesses with mixed payment types. Same FICO floor — 500 typically works.
3. Equipment Financing
The equipment itself is the collateral, so credit thresholds drop. Many equipment lenders fund at 500 FICO if the equipment has clear resale value (trucks, machinery, restaurant equipment, medical equipment).
4. Invoice Factoring
You sell unpaid invoices to a factor for immediate cash. Approval is based on your customers' credit, not yours. Even at 500 FICO, factoring works if you bill creditworthy clients (B2B, government, etc.).
5. Secured Business Line of Credit
Backed by collateral (real estate, equipment, certificate of deposit). Some lenders fund at 500 FICO if the collateral covers the line.
What Won't Work at 500
- Bank loans: Banks generally require 680+.
- SBA loans: SBA wants 650+ for most programs.
- Unsecured term loans (large): Most online term lenders want 600+.
- Premium business credit cards: 600+ for most issuers.
How to Maximize Your Approval at 500
- Show 3 months of clean bank statements: Consistent deposits, low NSFs, ending balance positive.
- Aim for $10K+/month in deposits: $25K+ unlocks better terms.
- 6+ months in business: The standard floor for most lenders.
- Be prepared to disclose existing debts: Don't try to hide an existing MCA — lenders will find it on bank statements anyway.
- Work with a broker: A broker shops 50+ lenders and finds the ones that fund your specific FICO/revenue profile.
💡 The honest expectation: At 500 FICO, expect higher factor rates (1.35–1.49 for MCAs) and shorter terms (3–6 months). The financing is real and accessible — but more expensive than what a 700-FICO borrower would pay. Use it for short-term needs with strong ROI, not long-term capital.
Frequently Asked Questions
Related: MCA Credit Score Requirements · Bad Credit Funding · Equipment Financing