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Easy short-term lines of credit. 4.6. Fundible. Easy business loans for bad credit. 4.7. Accion Opportunity Fund. Easy low-interest business loans. 4.2. Taycor Financial. Easy equipment loans 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.
Bankrate insight. According to the 2023 Small Business Credit Survey by the Federal Reserve Banks, 8 percent of businesses surveyed applied for a merchant cash advance, while 43 percent applied ...
SBA loans: With SBA loans, you get access to loans up to $5.5 million for various business purposes, and if the loan is over $25,000, it will likely require collateral.
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 ...
For bad credit borrowers, Lendio offers an MCA with a 500 personal credit score and a line of credit accepting a personal credit score of 600. Fundible offers a bit more variety: a line of credit ...
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