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It’s possible to get a business acquisition loan with bad credit, such as a personal credit score in the 500s to 600s. But you may be limited in the types of loans or the lenders you qualify for.
You can get a business acquisition loan with bad credit, but you’ll need to find a lender that accepts the credit score you have. These lenders may specialize in bad credit business loans ...
Alternative lenders often have flexible requirements and provide bad credit business loans. The flexibility can come at a cost, though, as you may be subject to a higher interest rate.
To get a business loan with bad credit, explore online lenders, microlenders, CDFIs and MDIs, which may have low or no credit score requirements. Finding a business loan with no money can be tricky.
2. Choose the right type of bad credit business loan. You have a wealth of bad credit business loan options at your fingertips, and different types of loans can be used for multiple purposes.
What credit score do I need to get a business loanThough requirements vary from lender to lender, you’ll generally need a score of at least 500 to get a bad credit business loan.
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