At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for . A business loan for bad credit can provide small business owners with much-needed financing. These loans can help purchase equipment, fund day-to-day operations or even expand your business. The right bad credit business loan can also help you build credit and improve your credit score. Getting a business loan when you have bad credit can be a challenge. These loans have higher interest rates, and you may have to jump through more hoops to get one compared to business loans for people with good or excellent credit. To find the most affordable option, you’ll need to shop around and compare lenders. You’ll also need to make sure you select the right type of business loan. Read on to learn more about the types of bad credit business loans you may be eligible for and how each option works. Term loans Term loans provide a lump sum of cash that is repaid at fixed intervals with interest. These loans are offered by banks, credit unions and alternative online […]
Types of bad credit business loans
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