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What credit score do I need to get a business loanThough requirements vary from lender to lender, you’ll generally need a score of at least 500 to get a bad credit business loan.
Bankrate insight. Accion Opportunity Fund is an example of a nonprofit lender that focuses on smaller loan amounts with flexible terms and requirements. Loans range from $5,000 to $250,000, and ...
Even individuals with bad credit may be able to find options, as alternative and online lenders may offer bad credit loans. Business credit cards: This is another option for financing, especially ...
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.
Key takeaways. Bad credit business loans are high-risk loans for borrowers with personal credit scores under 669. These types of loans can have high interest rates and additional fees
Most lenders set minimum credit requirements to get approved for a bad credit business loan. For a business loan credit score , the lender may look at your personal or business credit history.
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