Bad Credit, but Still Need a Business Loan?

Our Mission

Remember, the road to success isn't always easy, but don't let obstacles deter you from achieving your goals. Keep a positive attitude, stay focused, and you will always find a way to make it work.

2023 has already revealed promising opportunities for businesses. Even as challenges persist, you can still find lenders who are willing to work with you to meet your financial needs. By taking proactive steps to improve your creditworthiness, such as seeking financial advice or exploring alternative financing options, you can build your confidence and increase your chances of success.

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Getting a business loan with not-so-great credit history may have been a challenge in the past. But don’t start thinking it’s impossible to secure a decent business loan without mortgaging your future. Fact is, there’s a whole bunch of financing options for small business owners, over 40 to be exact, and not all of them require perfect credit. While some may come at a premium, you don’t necessarily have to resort to bank loans or SBA loans. 

Poor credit may limit your access to low-cost loans, but it doesn’t mean the end of the road for you and your business. 

You can still get financing to fit your needs, so keep your head high and know that your dream business is well within reach.

The Trade-Off

As a business owner with less than perfect personal credit, you have options for financing. It’s important to know that there may be a trade-off, but with confidence and a strong business plan, you can secure the funding you need. Although you may pay a higher APR due to the lender assuming extra risk, this is a minor hurdle that can be overcome. 

Believe in your business and take the necessary steps to build your credit and improve your financial standing. With determination and a positive attitude, you can show lenders that your business is a smart investment and negotiate better rates and terms. Don’t let your personal credit history hold you back, instead, use it as a motivator to achieve great success.

What is Bad Credit?


What exactly are lenders looking at when they consider good or bad credit? Let us break it down:

800-850 (Exceptional)

740-799 (Very Good)

670-739 (Good)

580-669 (Fair)

500-579 (Poor)

Below 500 (Very Poor)

What is the Best Loan for Bad Credit?

Rest assured that you can still secure a terrific business loan even with damper credit. Many online lenders are keen to work with businesses that have an overall low credit score, as long as you can demonstrate a capacity to make the payments. With your dedication and the right resources at hand, obtaining financing for your business is definitely within reach.

Keep in mind, however, that there may be tradeoffs to consider. Nonetheless, do not be deterred! You can achieve your financial goals and realize the success you envision for your enterprise.

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Your Business. Your Future.​