Can I Get a Business Loan With Bad Credit?

Can I Get a Business Loan With Bad Credit

Despite having bad credit, you can still secure a business loan. While traditional banks and credit unions may be less accommodating, alternative sources offer options for borrowers with personal credit scores as low as 500.

Here are some avenues to explore:

• OnDeck: Offers short-term business loans for bad credit, with a maximum loan amount of $250,000.

• Fundbox: Provides a line of credit for businesses with bad credit, allowing access to up to $150,000.

• Bluevine: Known for fast business loans, they offer up to $250,000.

• Headway Capital: Offers easy business loans for bad credit, with a maximum of $100,000.

• Fora Financial: Provides working capital loans for bad credit, with a substantial maximum amount of $1,500,000.

• AltLINE: Specializes in invoice factoring for bad credit, with a high maximum of $10,000,000.

• National Funding: Offers unsecured business loans for bad credit, with a maximum of $500,000.

Remember to compare terms, interest rates, and repayment options to find the best fit for your business needs.