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How to Get Startup Business Loans with Bad Credit

CreditStrong for Business

You’ll usually need good personal and business credit to qualify for an account. They often have clients with no business credit history and only fair or bad personal credit scores, which start at around 600 for FICO. However, online lenders tend to be significantly more flexible.

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Minority Business Grants: 25 Resources for Minority Entrepreneurs

Fundera

The program encourages local, community lenders such as nonprofit organizations to make loans of up to $250,000 by guaranteeing up to 85% of the loan amount. Online Alternative Lenders – Unfortunately, minority entrepreneurs often have trouble accessing financing due to lower credit scores.