Bad Credit Agency

with bad credit and no money is it possible to get a small business loan?

i have a great business idea but my credit is bad and very little money,is there any where i can go.

Public Comments

1. Yes go to goverment loans
2. If you have scollateral such as property, you can also loan against it
3. Probably not. It better be a groundbreaking concept. Otherwise, you will need to borrow against some asset like your home, etc.
4. Yes. But you need to have a well written sound business plan, not just an idea and sincere looks. You will need to find a formal business plan outline - I used the one that came with my Microsoft software package. http://www.sba.gov/ is a real good resource to get you started. Good luck!
5. Ask for a loan
6. no
7. Well...there are some options....first...credit repair, if possible. Then, if you still dont't get the small business loan, you might as well try to sell your idea, or have it done in partnership, and have the partner take the small business loan. Maybe you want to do this with a member of your family, one which hasn't got bad credits :) Good luck!
8. yes the government will help you. check with them you really have nothing to loose if they say no. but i think if its a good idea they will help you. and they think it can make a go of it.