Search results
Results from the Tech24 Deals Content Network
Minimum requirements. Online lenders. Traditional banks and credit unions. Time in business. Six months to two years. Two years. Personal credit score. Around 600, but as low as 500
Key takeaways. Most lenders use credit checks to determine whether you can repay a loan. It's possible to find no-credit-check business loans, though it depends on the lender and loan type. Expand ...
Unsecured business loans are riskier for the lender than secured loans. With a secured loan, the lender can take the collateral to recover losses if you fail to make payments. With an unsecured ...
SBA loans: With SBA loans, you get access to loans up to $5.5 million for various business purposes, and if the loan is over $25,000, it will likely require collateral.
Bankrate insight. Unsecured business loan interest rates vary widely, ranging from 7.00 percent to 99.00 percent. That said, businesses with good personal credit may secure lower rates falling ...
Online lenders. Online lenders are a popular choice if you want to get a bad credit business loan. These alternative lenders offer funding solutions that are more accessible to credit-challenged ...
4. Compare lenders and loans. Traditional and online lenders are common places to get a business loan. As mentioned, traditional banks and credit unions have lower interest rates. Borrowers can ...
No-credit-check loans cater to those with low credit scores or a thin credit history. Interest rates and fees are typically far above the average personal loan. These loans should be approached ...