Guide to Getting Financed with Bad Credit

Jan 13, 2020

Guide to Getting Financed with Bad Credit

There’s good news for businesses that have, for one reason or another, seen their credit tank. First, the bad news. Credit is an important barometer used by lenders, investors, and potential partners to screen your business. When your credit is in the toilet, your opportunities decrease. 

You’ll find it difficult to secure certain small business loans that have credit requirements, to sway investors who have high credit standards, and to obtain most financial products offered by traditional lenders. 

Luckily, bad credit is not the end of the world for businesses in need of financing. It may be limiting, but thanks to the growth of financial technologies, there are more opportunities than ever for businesses that need some extra funds to grow. 

This guide aims to help you understand your business credit, give you the tips and information you need to secure financing with poor credit, and help you on the path to credit growth so you can access more desirable financial products in the future.

About the Author

Andrew Mosteller

Andrew Mosteller

Andrew Mosteller is a freelance writer and regular contributor to Lendio News. His upbringing in an entrepreneurial family nurtured a passion for small business at a young age. Andrew's father, an equity fund manager, taught him the ins and outs of investment financing. Now, Andrew spends his time writing copy for business owners, helping them expand and advertise their unique brands. He's also studying Strategic Communications at the University of Utah. When Andrew's fingers aren't glued to the keyboard, he spends his time reading, podcasting, composing music, and bombing down the ski slopes.

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