Small Business Loans for Women with Bad Credit

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What are Lenders Looking for on Business Loan Applications?
Your personal credit score, especially if your business is new. Whether or not you are able to offer collateral on the loan, which could be business or personal assets that they can take if you default on the loan. Your balance sheet and other financial statements so that they can evaluate your businesses’ financials and cash flow.
What is Bad Credit?
Experian’s Intelliscore Plus—scores on this scale run from 1 to 100. Higher scores indicate a better credit score. Scores between 50 and 1 indicate that an applicant may be a lending risk. Dun & Bradstreet PAYDEX—Scores also range from 1 to 100, with a higher score being preferable to lenders. Generally, a score between 1 and 49 is considered bad. FICO SBSS—Scores can range anywhere from to 300, again with higher scores being favorable. Generally a score below 140 is considered bad.
Types of Business Financing to Consider
Loans from Online Loans
Business Credit Cards
Merchant Cash Advances
SBA Loans
Grants for Women Small Business Owners
Business Credit vs. Personal Credit
Finding Financing Options for Your Business
Frequently Asked Questions
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About the Author
Lauren Ward is a personal finance expert with nearly a decade of experience writing online content. Her work has appeared on websites such as MSN, Time, and Bankrate. Lauren writes on a variety of personal finance topics for SoFi, including credit and banking.
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