Borrowing on Bad Credit

If you have bad credit and think you could never get a loan, well, think again.

While it’s true it may be harder, it nevertheless possible to borrow even with that bad credit rating. There are, for example, lending institutions that specialize in what are called “bad credit loans”. These, admittedly sub-prime lenders, will lend you money regardless of your less-than-perfect credit history.

How to Get a Business Loan with Bad Credit

If you are having difficulty getting a business loan, you should know that the approval rate for business loans from large banks is only around 25%, so you have plenty of company. The good news is you have other options for raising capital to keep your business healthy and thriving. If you want to get a business loan with bad credit, you may have to get somewhat creative, but it can be done, through alternative lenders, for example.