Most of our recommended lenders look for a minimum credit score in the mid-to-high 600s, and those without specific credit requirements still want to see that you have pretty good credit. So if you have poor credit, you may not qualify for true equipment financing. Sorry. Don’t despair just yet, though, because you may still qualify for other business financing that you can use to purchase equipment. Yes, your rates and other costs will likely be higher, and you’ll probably have a shorter repayment term. But if you’re interested, you can see your best options in our roundup of the best business loans for bad credit.