Go Back To Search Results Question Finding a Business Loans with Bad Credit? What is the best way to find a small business loan with bad credit in St Louis, I need 12k and also I got a business plan I just need help to find a place in St. Louis or anyone else who can help me get a loans. By Jay C Posted on 04/25/09 Total Answers 5 Answers- You say bad credit. Not sure if you have it because you have bad debt unpaid, or you had it before. Prosper.com is a great place to get a loan. I don't have a-1 credit and I received a loan from there. Check it out. It's better than a bank. Get all the info there. Good luck Answer by : blessedmommy On Date 2009-04-25 23:45:20 With bad credit, about your only hope is friends or family, or possibly Louie the Loan Shark. You aren't going to get a loan from a regular lender - that's tough right now even with GOOD credit. Answer by : Judy On Date 2009-04-25 23:45:35 Don't just look for loans. Think about grants and other assistance programs. The BEST resource for small businesses is the governments Small Business Administration which can be found at www.sba.gov This website has absolutley everything you need to help with your business. In addition, some states and cities will give small businesses very low interest loans if the case can be made that the creation of the business will create a positive economic impact, especially in hard hit areas. Answer by : dcadranco On Date 2009-04-26 00:04:35 Being a small business owner, you need to pay extra attention to management of financial resources. Since growth of your business somehow depends on its financial position, you should always be cautious about cash flaw within or outside your business. It is quite true that lack of finance can become a big problem in the way of the success of your small business. http://www.worldbestloans.com/businessloans.htm Since market is crowded with various business loan schemes, every small business owner can manage to get the desired amount without any problem. Therefore if you own a new and small business organization and financial shortfall is bothering you, then these loans can prove to be the best help for you. Answer by : Winner On Date 2009-04-26 08:32:18 I just answered a question exactly like yours. Really tough to get a business loan with bad credit. What worked for me was a cash advance through Merchant Capital Options. You usually get screwed with cash advances, but Merchant Capital Options worked out great as they only take out money from your electronic sales receipts as you get paid. I borrowed about 5k and it helped me pay a bunch of time sensitive bills and because they only got paid back as I got paid it was pretty much hassle free. Answer by : Ted F On Date 2009-04-29 16:41:23   Go Back To Search Results