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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.
Bankrate insight. Accion Opportunity Fund is an example of a nonprofit lender that focuses on smaller loan amounts with flexible terms and requirements. Loans range from $5,000 to $250,000, and ...
Loan type. Description. Term loans. A loan used for various business expenses that is repaid according to a fixed schedule. Microloans. A small business loan of $500 to $50,000 provided by a local ...
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 ...
Finance your small business with loans, grants or crowdfunding. ... And while starting interest rates can be similar to banks, rates for bad credit business loans can get up to 99 percent or higher.
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