Are you looking for a bad credit business credit lender, but you are dealing with the fact that yours is so bad and you are not sure if any lender is going to give you one. Well, you have come to the right place. I am going to show you three ways of getting it even if you have the worst one.
First, we are going to talk about getting a partner with good credit. Next, we are going to talk about getting a non PG loan. Finally, we are going to talk about using lenders that offer bad credit business credit. After reading this article, you will be able to get it regardless of your credit.
Good Credit Partner: One of the best ways to get business credit if yours is bad is to partner with someone who has good credit. It could be your relative, friends or an acquaintance. If you are able to find someone with really good credit, you can get all the funds you want. All you would have to do is add him / her to your list of directors in your company or as your CFO. Before you partner with someone, make sure that you draw out your legal agreement so that you do not fall into any problems later.
Non PG Loans: A non PG loan are loans that do not require a personal guarantee before you can get business credit. It all means that your personal credit is not required to get a one. There are lots of companies that offer non PG loans despite the economic situation. A simple search in your search engine for "Non PG Loans" should give you lots of lenders offering such loans.
Bad Credit Business Credit Lenders: There are lenders that offer such but they are few. One of the drawbacks of such lenders is that they offer you credit at a very high interest rate. if you do not mind paying high interest rates and other charges that comes with it, then you should definitely use them. You can find them in your area by checking the local listing or online.