Bad Credit Unsecured Business Loan
Did you know major banks view personal FICO® scores of 640 or less as a “bad credit” risk?
Now it’s difficult to generalize about FICO Scores® when getting approved for a business loan, because every borrower and bank is different. However, when it comes to qualifying for an unsecured business loan with a major financial institution there are stricter lending standards imposed.
The reality is many small business owners struggle even today to get the loan they need because of less than perfect credit ratings. Even though we are a few years past the recession and the economy is slowly recovering, what does “bad credit” mean for small businesses?
Can you still get a business loan even if you have bad credit? Here are three ways you can get an unsecured business loan and overcome bad credit once and for all:
1) Use a Business Credit Partner
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