How To Get A Business Loan With Bad Credit?
Bad credit can feel like a roadblock, especially when you're trying to grow or sustain your business. But the truth is, you can still get a business loan even with bad credit. It might take more effort and creativity, but many lenders understand that your credit score doesn’t tell the whole story. Whether you're a startup owner or a seasoned entrepreneur, this guide will show you how to get a business loan with bad credit in 2025, what your options are, and how to increase your chances of approval. What Counts as “Bad Credit”? In general, a personal credit score below 580 is considered poor, while scores between 580–669 fall into the fair range. Business credit scores (ranging from 0 to 100) work differently, but anything under 50 may be seen as risky by lenders. However, many alternative lenders now use more flexible approval models that go beyond just your credit score. Steps to Get a Business Loan With Bad Credit 1. Know Your Credit Score and Report Before applying, check bo...