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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.
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.
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 ...
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 ...
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.
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 ...
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