Business loan with bad credit?

OAB

I am pretty initiative and work in business and study it too. I can definitely bot afford to set up on my own and my credit rating is through the floor.

Is there an ability to be able to get a business loan of banks to set up without them bringing your credit history into it. I have a business plan set up, but not sure if it is possible to get the banks on the right side.

Thanks in advance.

Emmzi

No. Your prior history in handling money is of the utmost importance. And why would the bank put their money into something you are putting no money into?

DCFC79

So you wont put anything in but want a bank to provide the loan. Whats the business idea then ?

Tixy

Your bad credit history and outstanding debts, plus the fact that you want to only run the business part time are 3 reasons a bank wouldn't want further money to you.

barbarawright

Be honest - if you were a lender, would this inspire confidence?

https://forums.moneysavingexpert.com/discussion/3357122

Try to sort this out first as evidence that you know how to manage your own finances, then think about a business loan