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Like any small business loan, a bad credit business loan provides funding that must be repaid over time and with interest. Some loans provide a lump-sum payment or a line of credit.
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.
A business loan for bad credit can provide small business owners with much-needed financing. These loans can help purchase equipment, fund day-to-day operations or expand your business.
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.
Small Business Administration loans are term loans or lines of credit partially guaranteed by the U.S. government. These loans have requirements and maximum interest rates set by the SBA. They ...
Easy short-term lines of credit. 4.6. Fundible. Easy business loans for bad credit. 4.7. Accion Opportunity Fund. Easy low-interest business loans. 4.2. Taycor Financial. Easy equipment loans for ...
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