Bad Credit Agency

Any sources out there that would lend $5,000 to a small business owner with bad credit?

I operate a small online coin store thru Ebay and I need $5000 to help boost inventory. My credit is in the toilet because of history from bad times in the past. Is there any hope for me getting a loan. My monthly sales average doesn't meet these so-called Credit Card sales based loan company requirements. Any ideas?

Public Comments

1. well you can get a loan from a bank but there is interest you would have to pay back.
2. I have asked professionals this same question for years, and the recurring answer was always to either go to a credit union, in which you have had an account for awhile, contact a local "loan shark", sell your car or personal items, or borrow it from relatives or friends. Pretty awful answers, I know, but they were the only options presented to me when I asked this same question.
3. You can get any loan just have someone with good credit co-sign for you. Just ask yourself this would you lend someone money with bad credit I sure wouldn't.
4. If you are individual, who has an entrepreneurial spirit, you can easily get a loan offered by the federal government. This loan allows you to start a small business. The department of Small Business Administration (SBA) acts as a guarantor for these loans. These loans are provided by banks or financial institutions. Very rarely, the SBA provides the loan directly. Along with the SBA, certain other government agencies provide financing to small businesses through loans and grants.
5. well, you're a coin collector so you're obviously smart as hell! Go to a bank and get rolls of coins and search for old coins, silver, varities, errors, etc. Those can get you a lot of money! Look at my guide on Ebay titled: Collecting Half Dollars, Etc. Through Rolls. You'll decide from that
6. There are plenty of places that offer quick loans for people with bad credit with no-hassle applications and easy requirements. Some of these lenders even offer 1 minute approvals, and have both secured and unsecured loans, depending on your need and situation. Check the page listed below, it has information and bad credit lenders listed off and on. http://www.axalda.info/bad-credit-loans.html