Tag: bad credit

Building up a small business from scratch can be rough on your credit. There are plenty of times when money may not come in fast enough to cover bills and your personal or business credit can suffer. With bad credit, your sources of business funding can seem to dry up quickly and you may have to think outside of the small business loan box. One way many companies with poor credit meet their working capital needs is with invoice factoring. Invoice factoring means selling your unpaid invoices to […]

Small businesses are often in need of substantial capital for one project or another, but small business loans from traditional banks can be difficult to acquire for many firms. There are alternatives that can help companies get the working capital they need, among which are personal loans. Although they carry high fees, there are several situations when they just might save the day. Brand-new Companies It can be very challenging for start-ups to secure funding from banks or other lenders because […]

Finding funding for a small business startup can be a difficult challenge. And if your personal credit score is less-than-perfect that process can seem even more grueling. It is definitely not impossible though. The path to funding might have to be a little more creative, but the following tips can help your business overcome your past credit foibles. 1. Borrow From Friends and Family While it may be uncomfortable, family and friends are often the best place to start for small business financing. […]