Business Loans for Bad Credit

When applying for a traditional business loan at a bank or credit union there are many reasons you could potentially be denied. One of the most common reasons for being denied a loan is your business credit profile. Even businesses with strong growth and profit margins can be denied a loan if the lender isn’t comfortable with the business’s credit score. When business owners are turned down for loans based on their credit, they have a few options.

While some are tempted to use their personal assets like home equity and retirement funds to keep their businesses going, it isn’t always your best bet. Before you risk losing such important things, consider some of these business financing options that don’t require flawless credit.