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You can get a business acquisition loan with bad credit, but you’ll need to find a lender that accepts the credit score you have. These lenders may specialize in bad credit business loans ...
It’s possible to get a business acquisition loan with bad credit, such as a personal credit score in the 500s to 600s. But you may be limited in the types of loans or the lenders you qualify for.
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.
A business loan for bad credit can provide small business owners with much-needed financing. These loans can help purchase equipment, fund day-to-day operations or expand your business.
Bad credit business loans often feature more lenient eligibility requirements. Fast funding. Depending on the lender, you may receive funding in as little as 24 to 72 hours after being approved.
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 ...
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