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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.
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Most business loans for bad credit will have high interest rates and fees. But the SBA has loan programs and lenders that can help borrowers with low credit scores. These loans have favorable ...
Loan type. Description. Term loans. A loan used for various business expenses that is repaid according to a fixed schedule. Microloans. A small business loan of $500 to $50,000 provided by a local ...
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