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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.
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 ...
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. Some high-risk business loans use factor rates instead of interest rates to calculate the cost of a loan. Factor rates typically range from 1.1 to 1.5 and are fixed costs that ...
Many small business lenders check your personal credit score when you apply for a business loan, especially online lenders and those who work with startups, since many small businesses getting ...
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