It may seem impossible to start your own business when you have bad credit, acquiring a business loan is not easy for businesses with bad credit. A personal credit score of 650 or less will put banks out of the running, no bank will touch your business loan with that low of a score because you have demonstrated that you cannot control your spending. A business loan for bad credit does exist if you know the right lender to contact. Here are some helpful steps to guise you along the way to find a business loan for bad credit:
Step 1 -Separation
Your first step is to separate your personal credit from your business credit Until you have accomplished this, there is almost no financing available for a business with a bad credit score.
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