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i thinks that is impossible
in this economic situation banks are not lending
and especially as you have a bad credit you will not get a loan
you might finance it your self or enter a partnership
anyways good luck
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∙ 14y ago
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i want to start a business i have bad credit what do you think i can do to get money can a person really get one of those grants they advertise ?
You should contact the federal Small Business Administration at sba.gov, and ask for a list of grants that are tailored to the type of small business you want to start.
Where can i get a bad credit business loan?
You need Business Loan or Government Grants for starting small business. This answer should be broken up into 2 parts. The first part addresses bad credit personal loans. Credit.com has a trusted site that focuses on finding individuals personal loans with bad credit. The second part of this answer addresses bad credit business loans. Finding a business loan with bad credit is much easier for a business than an individual. Private lenders today like ShieldFunding.com offer business loans with bad credit and small business owners get approved based mostly on the strength of company revenues.
How can a person get loans for their small business even if they have bad personal credit?
To enable a person with bad credit to obtain a small business loan they will likely need a guarantor to provide a guarantee or provide proof of substantial financial holdings to mortgage the loan against.
Is no credit worse than bad credit?
Not having a credit history is better than having a bad credit history. Bad credit is very bad... No credit is good. you are now ready to apply for credit. Start small, like a department store credit card. You must establish credit and use it in order to get a credit rating.
Can you establish credit for your new business by using one of the credit cards you already have and adding the business onto it like one would add an authorized user?
Yes, if you are one of the owners, or sole owner of the company. One other way, would be to apply in the company's name with your self as a principal signer. Business Credit is separate from Personal credit - that is important to remember as a small business owner. Many business owners, just like in this question, have bad credit but that is not to be confused with business credit. Just like Equifax reports credibility of an individual the business has a credit reporting agency that reports on its stability as well. The key is to get your business registered with the credit reporting agency so that lenders can feel confortable issues out loans, credit lines, or extended terms to the business. Bad credit or lack of credit is no longer an obstacle that prevents the small business owner from finding financing or funding their small business. Small business loans are available to those who have incorporated their business, have a corporate tax id and are willing to keep up their business profit and the business credit score. A handful of companies help with that online right now, I suggest searching the web. That will allow you to view the companies that help with that service.
You own a small business and want to start accepting credit cards in person but you have bad credit What can you do since PayPal has turned you down?
Find an alternate solution
i want to start a business i have bad credit what do you think i can do to get money can a person really get one of those grants they advertise ?
You should contact the federal Small Business Administration at sba.gov, and ask for a list of grants that are tailored to the type of small business you want to start.
Where can i get a bad credit business loan?
You need Business Loan or Government Grants for starting small business. This answer should be broken up into 2 parts. The first part addresses bad credit personal loans. Credit.com has a trusted site that focuses on finding individuals personal loans with bad credit. The second part of this answer addresses bad credit business loans. Finding a business loan with bad credit is much easier for a business than an individual. Private lenders today like ShieldFunding.com offer business loans with bad credit and small business owners get approved based mostly on the strength of company revenues.
As a small business how do you report bad payment history?
Small businesses should report bad payment history to a business credit reporting agency. A few of the key business credit reporting agencies are Dun & Bradstreet, Experian and Equifax.
Can my small business get a merchant account even if I personally have bad credit?
yes you can have merchant account eventhough you have bad credit, check on this CommercePaymentSystems.com
Are there any books that describe how to get a loan with bad credit?
Yes there is one book called "Living Well with Bad Credit," which goes into detail about how to deal with bad credit to achieve things such as buying a house, start a business and get a loan with bad credit.
How can a person get loans for their small business even if they have bad personal credit?
To enable a person with bad credit to obtain a small business loan they will likely need a guarantor to provide a guarantee or provide proof of substantial financial holdings to mortgage the loan against.
Is no credit worse than bad credit?
Not having a credit history is better than having a bad credit history. Bad credit is very bad... No credit is good. you are now ready to apply for credit. Start small, like a department store credit card. You must establish credit and use it in order to get a credit rating.
How can you get a loan to start your Mary Kay Business with Bad Credit?
A website called Prosper is a marketplace that has investors available to help people with credit scores as low as 64Save0 for business ventures.
Can you establish credit for your new business by using one of the credit cards you already have and adding the business onto it like one would add an authorized user?
Yes, if you are one of the owners, or sole owner of the company. One other way, would be to apply in the company's name with your self as a principal signer. Business Credit is separate from Personal credit - that is important to remember as a small business owner. Many business owners, just like in this question, have bad credit but that is not to be confused with business credit. Just like Equifax reports credibility of an individual the business has a credit reporting agency that reports on its stability as well. The key is to get your business registered with the credit reporting agency so that lenders can feel confortable issues out loans, credit lines, or extended terms to the business. Bad credit or lack of credit is no longer an obstacle that prevents the small business owner from finding financing or funding their small business. Small business loans are available to those who have incorporated their business, have a corporate tax id and are willing to keep up their business profit and the business credit score. A handful of companies help with that online right now, I suggest searching the web. That will allow you to view the companies that help with that service.
Can I Qualify For Funding If I Have Bad Credit?
Of course! The business cash advance is primarily based on the cash flow of your business, not your credit. So a bad credit will not disqualify you from getting funding which is great information for many business owners!
Which companies offer home equity to homeowners with bad credit rating?
A great company for homeowners with a bad credit rating is Bad Credit Home Equity. They have a website that is quite easy to find. Another solution to the problem would be to find small business lenders in the area.
