Loans For Small Businesses With Bad Credit: Some Answers

George asks…

Bad credit business loan, how can i get loan to start up my business?

I make jewelry, and wish to go bigger with it, like a small building on our property for a shop to sell it, but i do not have the funds to start this.

admin answers:

Most places that offer small business loans for bad credit will often have high interest rates in order to make extra income for what you are paying off and this is exactly how they stay in business. They collect tons of money just off the interest alone. There are other organizations which require you to make a small initial deposit before giving you a loan. But this is most likely something you want to avoid because in the first place, you need money for a business loan so it does not make much sense when they require you to pay upfront money.


This Website contains Small Business Loan Lenders with different interest rates and terms , you can check and review them all before applying for loan to any of them.

Mandy asks…

I need a $50,000 small business startup loan, but I have bad or unestablished credit.?

I work for a landscaping/sweeping company and my boss asked if I’d like to buy out the sweeping part of the business for $50000, thats including all 15 commercial contracts that he has right now with about 10 other contracts within the year and 2 brand new $40000 sweeper trucks . I basicaly run the business, but I need a startup loan to officiate that.The main reason he is selling is with soaring gas prices and my boss starting up a bar and running landscaping/sweeping he needs to gain more sweeping contracts which equals more time which he doesnt really have time for. If anyone can give me some advice or even help Id greatly appreciate it.

admin answers:

Start with your bank, , see if they may help.
Then SBA, They also provide business Loans.
As far as credit is concerned, Bad or no Credit , you just might have to pay Higher Interest Rate
Just look around , you might get Lucky

James asks…

trying to start a small business but don’t have any funds to start with. credit is bad.?

want to own my own business. Been in the restaurant industry for years, so i have the managerial skills to operate my own business. however donot have the money and have bad credit. can I still get a loan or something with the SBA? This is my passion so I need all the help I can get. also looking for a business plan template for a restaurant or donut shop. My plans are awesom for my own little restaurant but at the same time i wanted to try to franchise with this one particular donut shop. Can anyone help me with any or all the information I need. Are there any organizations that help people like myself with nothing to invest with and bad credit?

admin answers:

Restaurant business is categorized as one of the most risky businesses around. It’s been proved over and over again that the only guaranteed way to end up with one million dollars in a restaurant business it to invest two million into it.

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