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How to Get a Small Business Loan with Bad Credit

Jun 17, 2020

Across the country, business owners who attempt to get a small business loan with bad credit are discovering that, rather than extending a warm and hearty handshake, their bank is giving them the cold shoulder. 

Why is this? It’s because banks don’t want to take any risk, and they view business owners with bad credit as personified “Red Flags”. As such, they won’t even consider offering a small business loan. They’re much more interested in focusing on their large and enterprise customers, and earning transaction and serve fees.

On the other hand, here at Shield Advisory Group, we understand that business owners are often forced into making regrettable financial decisions. For example:

  • A major customer may have declared bankruptcy, leaving behind tens or hundreds of thousands of dollars in unpaid invoices that, frankly, aren’t worth the paper they’re printed on.
  • A thriving market may have suddenly been gutted due to...
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