How to Get Approved for Business Funding – Even With Bad Credit

Intro:
Think bad credit means you can’t get business funding? Think again. While a low credit score makes traditional loans harder to secure, there are still multiple ways to get the capital your business needs.

1. Consider Alternative Lenders

Online lenders, microlenders, and community development financial institutions (CDFIs) often work with business owners who have poor credit.

2. Build Business Credit Separately

You can start establishing business credit with vendor accounts (Net-30 terms) and business credit cards. This helps prove your company’s financial health.

3. Offer Collateral or a Co-Signer

If you have assets or someone with stronger credit who trusts your business, you may qualify for better loan terms.

4. Start Small with Grants or Lines of Credit

Grants require no repayment. Some local programs and nonprofits offer startup funding to minority-owned or first-time businesses.

5. Get Professional Help

A financial consultant (like We Got Us) can help you prepare a strong application, find the right lenders, and improve your funding chances—even with credit challenges.