Anyone Know Of Any Lenders Who Accept A 595 Fico, No Collateral?
PPC December 25th, 2009I need a loan of $12,000. All of the websites for for people with bad credit are not real companies. They’re just pay per click sites and information harvesters. I’d like to get a personal loan or a business start up loan. I am not incorporated yet, so it will have to be on my credit. And no don’t tell me to incorporate yet. There’s too much money involved in that for me and I’d like to wait and do that after I’ve gotten my loan.
I have a solid business plan, but am not willing to give away ownership in my company. I just want a loan. I am willing to pay higher interest rates as long as I can pay it off in full early with no penalty.
December 25th, 2009 at 4:21 am
It is very unlikely you would get $12,000 unsecured with good credit, let alone bad credit. Better is to work a second and third job and earn the money. A successful self-owned company will likely require such dedication for the first few years anyway, so it’ll be good for you to get used to working 80-100 hours/week in preparation for starting your own business.
Good luck.
December 25th, 2009 at 4:21 am
It’s highly doubtful you’ll get a loan that high. Even if you incorporate a personal guarantee would be needed.
Have you checked with the SBA? I wouldn’t be optimistic though.
December 25th, 2009 at 4:21 am
from what I know of SBA loans they don’t even consider any business loan under $100,000