Taking A Business Loan With Bad Credit?
Hi Everyone, I started a business recently and it has been very lucrative lately (it is an internet business which is extremely profitable) My identity was stolen recently and while I have a fraud message on my report, my credit is still quite spotty while this is "fixed." My issue is, I have a contact who is willing to sell me a very valuable item for my business for a very good price, AND, I have a buyer lined up to buy it, but, I dont have the $5,000 that I need to make the flip, having just started out. Does anyone know where one could receive a $5,000 loan for 6 weeks and repay $6000 at the end of the borrow period? Prosper is not an option due to the credit issue, so, obviously neither is a bank. This would need to be more of a P2P lending with a legal agreement between the parties? Any ideas? The faster the better! Thanks!. Also, please no scammers such as the one below, who give me an email address with no website to someone who will give me a loan if I pay them via western union first, this is stupid and waste of time. Thanks
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- 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. To avail of this loan, you have to submit the business plan that you have chalked out along with your abilities to indicate that you can handle the business properly. Your credit score should be high to get the loan. The lending authorities check your credit ratings before approving your loan.
- It is generally seen that bad credit acts as an obstacle in the smooth running of a business. Are you also facing the same problem? No need to worry, as bad credit business loan is here to solve all your problems<!--The perfect use of bad credit business loan comprises of the improvement of credentials so that you can avail any loan in the future. You can find more information on Business loans here, http://badcredits.awardspace.com/businessloans.htm You can first gather complete information regarding these types of loans. Move ahead in business with bad credit business loans. An effective way to get rid of your bad credit score and to speed up your-->business dealings is bad credit business loans. You can maintain your perfect credit score as long as you pay off your installments in time. This credit score improvement can enable you to avail any future loan with better terms and conditions.
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