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Getting company loan with bad credit

Sunday, May 31st, 2020

Getting company loan with bad credit

Probably one of the most common concerns I have from business owners is whether or not they could possibly get your small business loan whether they have bad credit. A poor credit score does not always mean it’s impractical to secure a small business loan. Nevertheless, the choices available plus the price of money are much greater than for somebody who has credit that is good.

The important thing is once you understand where you should look. In the event that you have a little company while having held it’s place in procedure for under 3 years and possess a credit score of below 650, you probably will not be in a position to secure a small company loan from a big bank. (more…)