Down But Not Out: States Overcoming Bad Credit

Sep 27, 2019

Down But Not Out: States Overcoming Bad Credit

When it comes to applying for small business funding, we tend to talk about the good. If you have a positive credit history, it’s generally understood that you’re more likely to get approved for a business loan—and that you’ll qualify for better rates.

But running a business isn’t all good days. We understand that for many small businesses, it’s not about how (or how many times) you get knocked down. It’s about getting back up again. Using data from over 8,500 of Lendio’s small business borrowers, we looked at common financial hurdles to see how business borrowers were coping. 

About the Author

Mary Kate Miller

Mary Kate Miller

Mary Kate Miller is a writer based in Chicago, IL. She specializes in covering finance (personal and business), investing, and real estate. Her mission in life is to give readers the confidence and the knowledge needed to grow their wealth by making financial topics more accessible. When she's not writing about topics like business loans, you can find her playing armchair financial advisor to the Real Housewives.

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