The credit score requirements for a restaurant loan can vary depending on the lender and the specific loan program. Generally, a credit score of at least 650 is considered to be a minimum requirement to qualify for a small business loan. However, some lenders may require a higher credit score, such as 680 or 700, for certain types of loans or loan amounts.
It’s important to keep in mind that credit score is just one of many factors that lenders consider when evaluating loan applications. Other factors such as business revenue, cash flow, and collateral may also be taken into account.
It’s recommended to shop around and compare loan offers from different lenders to find one that best fits your needs and qualifications. You may also want to consider working with a financial advisor or consultant to help you navigate the loan application process and improve your chances of approval.