CreditStrong for Business

JULY 1, 2024

Unfortunately, it’s challenging for new startups to qualify for traditional business loans because they lack business credit. Let’s explore some alternative forms of financing you can use to clear that hurdle and get startup business loans with bad credit. You’ll usually need good personal and business credit to qualify for an account.

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CreditStrong for Business

JULY 1, 2024

Unfortunately, most brand new startups don’t have business credit, or they have poor business credit scores due to their lack of credit history, if they can even generate a score at all. However, it is still possible for startups with bad credit to get the capital they need.

Credit Scoring 52

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CreditStrong for Business

SEPTEMBER 13, 2024

Because if your company defaults on the debt, the government agency provides the lender with the guarantee amount, thereby reducing their risk. Collect the Required Documents SBA loan applications require a lot of documentation, and the faster you can submit everything, the sooner you’ll get a decision.

Credit Scoring 52

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Lendio

AUGUST 14, 2023

Because they know they’ll get paid even if you were to default, lenders are much more willing to be generous with you. And the process of paying off an SBA loan builds your credit , which improves your options when you need to pursue additional financing in the future.

Credit and Collections 98

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