BAD CREDIT BUSINESS LOANS?

Is it probable to get a commercial operation loan when you have bad credit?

{ 3 comments }

Wayne Z February 27, 2014 at 2:02 pm

No.

It is nearly impossible to get any sort of loan if you have bad credit.

ethelj1347 February 27, 2014 at 2:07 pm

Loans are granted on the character, credit worthiness, and the ability to repay the loan. If you have bad credit, lending institutions will not take the chance on the loan being repaid.

Jessy Parson February 27, 2014 at 2:13 pm

Yes there are loans available if you have bad credit that are based on your business profitability. It also depends on what you’re going to do with the money, if you are buying equipment the credit requirements are very low because the equipment is collateral. if it’s for anything else it will depend on the amount of revenue coming into the business. if you share more about your business i could provide more details.

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