When you are looking for financing for your new start-up business you may be trying to decide how to get a small business loan with bad credit and no collateral. While there are many different options available, you have probably come across the following terms. They may sound unfamiliar, but you should know that they mean the same thing. Here are the basics on how to get a small business loan with bad credit and no collateral.
Bad Credit Startup Business Loans
Bad credit startup business loans for bad credit and no collateral-these are known as bad credit startup loans. Some lenders will, of course, around the best of these. The more mainstream lenders on this listing will look at companies that have been in business for at least a year and maybe even higher. These types of lenders oftentimes provide start-up business loans for bad credit with no collateral. In some instances, you may find they are willing to offer a high-interest rate for these types of loans.
Good credit score startup business loans
Good credit score startup business loans for bad credit and no collateral-these are referred to as startup business loans with bad credit and no collateral. In many cases, you may find this type of loan is referred to as a signature loan. If you have a good credit score, you should have no problem qualifying for one of these. There is a bit more work involved, but it is not difficult. It is just a …READ MORE