Is 640 a Good Credit Score for Business Funding?

What Does a 640 Credit Score Mean?

FICO scores range from 300 to 850. A 640 score sits in the "fair" range (580–669). It means you have some credit history, but may have had a few late payments, high utilization, or limited credit depth.

For traditional banks, 640 is typically below their minimum threshold. For specialized funding programs like Fast Funding Cash, 640 is the entry point — not a disqualifier.

Business Funding Options at 640 FICO

Here's a realistic breakdown of what's available to you with a 640 FICO score:

• •Fast Funding Cash: Up to $100,000 unsecured, funded in 1–2 days
• •Online lenders (e.g., Kabbage, OnDeck): $10,000–$50,000, higher rates
• •SBA Microloans: Up to $50,000, but 2–3 month process
• •Traditional banks: Typically require 700+ — likely declined at 640
• •Business credit cards: $5,000–$25,000 with fair credit

Why Fast Funding Cash Works With 640 Scores

We built our underwriting model around the 640–699 FICO range because we believe fair-credit entrepreneurs deserve access to capital. Our review process looks beyond just the score — we evaluate your tradeline history, income stability, and overall credit profile.

The result: faster approvals, larger amounts, and better terms than most alternatives available to fair-credit borrowers.

How to Improve Your Score Before Applying

Even a small score improvement before applying can increase your funding amount. The fastest ways to raise a 640 score:

• •Reduce credit card balances (utilization is 30% of your FICO score)
• •Dispute inaccurate negative items on Experian
• •Request a credit limit increase on existing cards
• •Become an authorized user on a family member's old, positive account