People with poor credit feel that it is difficult to get personal loans. However, there are many financial companies and banks that provide loans to bad credit applicants. Bad credit personal loans are generally soughtThe interest rates on secured loans are lower than unsecured loans. However, there is always the risk of losing your house or property if the loan is not repaid.

Honestly its not easy to get a loan without cash flow in place, there are tons of unscrupulous lenders that will though at rediculous interest rates. Get a good relationship with a local banker, open a biz account and explain your business. If you have good credit, dont take loans out and trash it.

Little advice…go get a personal loan and I would not bring up that you are looking for business loan to start up a business. Say you need it for personal reason. I would also suggest doing a Line of Credit or Home Equity Loan. This is a great way to borrow money easily and cheaply. With Tax benefits!

Banks are not in the business of giving start up business loans. You need to be established for 2-3 years. Unless you are proffesional i.e. Dr./Lawyer, who is coming from an established business.