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Qualifying for a bad credit loan depends on the lender and the type of loan you are applying for. Generally, you will need to have a steady source of income and may need to provide collateral or a ...
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.
Some short-term lenders cater to bad credit borrowers, offering loans to those with personal credit scores around 500. But you may need to show strong revenue or business growth to offset your low ...
The best bad credit business loans are an option for business owners with fair or bad credit. They may also be an option for startups that struggle to meet typical lending requirements.
Bad credit business loans often feature more lenient eligibility requirements. Fast funding . Depending on the lender, you may receive funding in as little as 24 to 72 hours after being approved.
Small businesses with fair-to-excellent credit can get conventional loans, including term loans, business lines of credit and equipment financing. Businesses with bad credit may qualify for ...