How to get a Business Loan with Bad Credit?

[trexon_kite]

I’ve been rejected by banks due to poor credit history; can someone share real experiences on how to get a business loan with bad credit?

 

[marlonix_dev]

You can get a business loan with bad credit by improving cash flow, offering collateral, choosing NBFCs or fintech lenders, showing steady revenue, adding a guarantor, or applying for government-backed schemes designed for small businesses.

 

[solvenix403]

Getting a business loan with bad credit is possible by exploring alternative lenders, offering collateral, improving your credit score, providing a strong business plan, or seeking a co-signer. Microloans and online lenders are often more flexible for poor credit.

 

[Alvaro]

Been there, banks said no to me too. What worked was trying NBFCs/online lenders, showing steady cash flow, and offering a small collateral or guarantor; not easy, but definitely possible with patience.

 

[kalviora17]

You can get a business loan with bad credit by exploring options like online lenders, microloans, credit unions, or SBA-backed loans, which have more flexible requirements. Improving your chances with a strong business plan, steady cash flow, collateral, or a co-signer can also help, even if your credit score is low.

 

[Zorion]

You can get a business loan with bad credit by improving cash flow, offering collateral, choosing NBFCs or alternative lenders, maintaining accurate financial records, adding a co-signer, and building gradual credit history through timely repayments and smaller loans.