Term Loan for Small Businesses — Watch This BEFORE You Need One

"Banks generally want to see a credit score, your personal credit score of 680 or above. Online lenders might accept lower scores. So, it's typically going to be a minimum of 600. So, 600 plus."

"They're going to want to see annual revenue from your small business. So, most lenders want to see at least $100,000. So, 100K or more. Online lenders, they're generally going to have a lower threshold."

"They're also going to look at your time in business. So, banks want to see two plus years. Online lenders may accept, you know, as little as 6 months."

"The best time to apply is when things are more stable and that's when you're going to have leverage."