Small business loan? but poor credit history?

Answers:5   |   LastUpdateAt:2012-10-24 16:53:03  

Asked at 2012-08-23 13:23:23
I have a poor credit history including default notices just yet I've been offered a franchise to work for a company that I mean you make more money than I am now , but the first 6 or so months will be while I'm getting hard myself settled . As I'm currently in a job that I have said that I am not eligible for a grant , and must apply for a small business loan . But will my personal credit history prevents me from getting a business loan ?
Answer1zineddine kassouAnswered at 2012-08-27 16:28:03
obtain a guarantee .... MedlinePlus Good luck
Answer2FarahAnswered at 2012-08-28 20:48:03
to try and go personal loan broker who can offer loans to people with bad credit history
Answer3Shadowkillazt Answered at 2012-09-29 10:14:03
get a lower rate loan with bad credit is a little bit difficult question . you can check with < / a> or
Answer4IgnatzAnswered at 2012-10-03 20:51:10
Not enough information to help you . But I can give you some suggestions that may help. You did not say which franchise , which makes it difficult to analyze the situation . Second, the amount of the franchise fee . If you Offred a franchise , and are a great corp . may extend credit to you for payment . There are a lot of " if " here , and I need more information. You will not get a co -signer on a business loan unless the author / co - signer is in this together . You will also need a business plan , even before applying for a license or borrow money . You have a lot to do before you can do anything . Also, check out the SBA , as they have very good advice that will help .
Answer5Vision 9/ Help PleaseAnswered at 2012-10-24 16:52:01
Yes it will, I am a partner in a small business , and is virtually impossible to get anywhere without the help of a good story . It is best to approach your bank with a good business plan and see if they can help .
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