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| *Loan,banking and credit>>>business credit |
How do I get money to start an business with bad credit? |
How do I get money to start an business with bad credit? You may find a tough time getting a loan from financial institutions with poor credit, even from SBA. SBA requires a number of factors to avail of their loans, and one of them is good credit history (see SBA Basic requirements http://www.sba.gov/financing/preparation... ) If you cannot get loans, try to get a loan from your parents, family and friends. If they cannot give you any, use your credit card. Credit card requires no collaterals but are an expensive source of funds. Otherwise, either downscale your plans and amount of capital needed; or wait until your financial situation improves. |
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