Pros and cons of bad credit business loans
Bad credit business loans are attractive, but they aren’t without disadvantages.
Many resources are available for new and seasoned small business owners, but it can take time to navigate. Funding inequality and wealth gaps in the U.S. also impact how entrepreneurs access these resources. Acknowledging this and providing tools for all small business owners to succeed is a small way I can help others.
— Emily Maracle
About the author
Emily Maracle is a former small business loans editor for Bankrate.com. She is passionate about creating high-quality content to help educate and make complex financial topics accessible to all readers, especially those looking to start or grow a business.
Emily holds a bachelor’s degree in English Literature from the University of British Columbia. Previously, she worked as an editor and writer in the insurance and real estate industries, specializing in scaling content and businesses while broadening her knowledge in fintech.
Based in New York, Emily enjoys getting outside with her two dogs, reading, living sustainably and all things coffee.
Emily wants you to know
Getting a loan can be a long and complicated process. From prequalifying to meeting lender requirements and applying, the process can take weeks to months. Starting a business is a huge undertaking. I aim to empower others to make educated financial decisions and reduce the stress of taking out a loan — whether it’s their first or fifth. I'm also passionate about helping and advocating for minority business owners and underserved communities. Everyone deserves equal access to funding, whether that's personally or for their small business.
Many resources are available for new and seasoned small business owners, but it can take time to navigate. Funding inequality and wealth gaps in the U.S. also impact how entrepreneurs access these resources. Acknowledging this and providing tools for all small business owners to succeed is a small way I can help others.
— Emily Maracle
Bad credit business loans are attractive, but they aren’t without disadvantages.
SmallBusinessLoans.com matches business owners to short-term financing and SBA loans through lending partners.
A business loan is possible even if you have bad credit. Here’s where to look.
Startups are most likely to qualify for secured loans. They’ll also be less expensive.
We asked two female entrepreneurs about a day in their life and what advice and insights they had.
Bankrate's editorial team regularly evaluates financial products offered by banks, credit unions, online lenders and other lending institutions.
Small Business Saturday is a great time to support women-owned businesses as many continuously give back to their communities, even while facing challenges.
Put a Plant On It has built a thriving and diverse business in Buffalo, NY.
The average business loan interest rates vary by loan type and lender.
Funding, training and networking opportunities can help women build businesses.
Find out when you need hazard insurance and which SBA business loans require them.
There are several types of MBA accreditation to consider.
Small businesses can stay ahead by adopting trends in 2024 to grow their businesses.
Options for semi-truck financing include term loans, lines of credit and SBA loans.
Loans without collateral can be quick but more expensive than secured loans.
Only a few states have specific restrictions on DACA students’ college attendance.
It can be easier for an entrepreneur to get, but it means hocking the home for your enterprise.
Follow the withdrawal rules for 529 plans scrupulously and save those receipts.