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For bad credit borrowers, Lendio offers an MCA with a 500 personal credit score and a line of credit accepting a personal credit score of 600. Fundible offers a bit more variety: a line of credit ...
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.
SBA loans — loans backed by the U.S. Small Business Administration — are one of the most sought-after types of small business loans. Its different programs meet different business needs: 7(a ...
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 ...
Using a business loan calculator, you can see that the amount is similar to a $12,000 loan with a 41 percent APR and a 24-month repayment term or an 80 percent APR with a 12-month repayment term.
To qualify for a bad credit business loan, lenders typically require you to have strong revenue and a suitable amount of time in business, which are factors that can help show you will be able to ...
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