Things to consider when preparing to apply for an unsecured business line of credit:
- Typically, guarantors have a FICO® Score of at least 680 at time of application.
- A Wells Fargo BusinessLine® line of credit account requires personal guarantees from any owner with 25% or more ownership in the applicant business, with a minimum combined aggregate of 51% ownership.
- A Wells Fargo Small Business Advantage® line of credit account requires personal guarantees from any owner with 20% or more ownership in the applicant business, with a minimum combined aggregate of 51% ownership.
- Additional information related to applying for credit can be found at our Small Business Resource Center:
All business applicants are unique and some exceptions may apply. All applications are subject to final credit approval.
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