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Big banks are reluctant to lend money to individuals with bad credit, that applies to organizations too. Therefore, if youвЂ™re looking for funding to grow your organization, youвЂ™ll have to take into consideration choices outside of traditional lending.
Even though the exact cutoff differs by loan provider, bad credit is typically any credit score below 620. Bad credit is due to late payments, financial obligation collections, and possibly records that are even public repossession or foreclosure. Continue reading “5 Company Loan Options When You Yourself Have Bad Credit”