If you’re looking for franchise financing from an online lender, you’ll want to have a credit score of 600 or higher. If you plan on applying for an SBA loan for franchise financing, you’ll want to have a minimum credit score of 640 to 675.
If you’re going to try and work with your franchisor to access funding, the credit requirement will depend on what type of financing the franchise offers and their specific eligibility criteria.
All of that said, the credit requirements ultimately depend on the type of franchise financing you’re seeking—however, when it comes down to it, the better your credit score, the easier it will be for you to qualify for a range of products.