Frequently Asked Questions

Is it possible to get a business loan if you have no credit history?

While it can be difficult to get approved by traditional lenders, some non-traditional lenders offer loans without checking your credit score. However, be prepared to pay higher interest rates.

What’s the easiest business loan to get?

Online lenders offer business loans with no credit check, but this financing will likely be expensive. Alternatively, you can look into SBA microloans.

What’s considered to be a bad credit score?

A credit score below 669 is considered either fair or bad.

Can you get government loans to start a business with bad credit?

Yes! That’s what SBA microloans are for. 

About the Author

Amalia Santa Maria

Amalia Santa Maria

Personal Finance Content Writer and Editor

Copywriter and content creator writing technical articles on finance that allow an average person to easily understand and connect with financial concepts.

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