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business loan / poor personal credit
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i know this is a long shot ..........Currently setting up my business to be open in January but due to covid had to rebuild parts of it so need a business loan but i have poor personal credit and don't own my own property, has anyone else found a way to get a small loan for business, i have business assets it can be charged against.
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What kind of assets do you have? Property that you own - you may get a loan.0
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Have you investigated Start-Up Loans?
https://www.british-business-bank.co.uk/finance-hub/start-up-loan/
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If you are seeking a loan from a bank then you are going to need a solid, documented business plan. In addition, you will also need about 50% of the start-up cost to put in yourself. Banks generally don't see why they should take a risk on your business if you do not have sufficient faith in it to invest yourself.0
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