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Can I get a small business loan, if I have poor credit?

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Can I get a small business loan, if I have poor credit?

Postby kaamini » Mon Mar 01, 2010 5:22 pm

To start up a Standard Insurance Office.


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kaamini

 
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Can I get a small business loan, if I have poor credit?

Postby Ishan » Mon Mar 01, 2010 5:36 pm

No......

Unless you build up business credit under your business's name, you will not be able to get credit.

This is ten pages but a good read.....

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Can I get a small business loan, if I have poor credit?

Postby wjanet123 » Mon Mar 01, 2010 5:50 pm

Odds are you won't be able to unless you have sizable collateral for put up.

There are small business grants out there for someone who is looking into going into business, check with the SBA in your state and see what may be out there for you.

Best of luck to you!!

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Can I get a small business loan, if I have poor credit?

Postby Jeff » Mon Mar 01, 2010 6:04 pm

Maybe. If the insurance business is a franchise of a large insurance organization, they might put up the money. But, you will have to convince them that you have the background to make this successful.

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