Can I get a business loan with lousy personal credit??

10-25-2007, 10:23 PM

just started business have ein number, any suggesstions Thanks

10-25-2007, 10:24 PM

It will be loan shark rates , just like the personal loan .

Maybe better to get investors .

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10-25-2007, 10:24 PM

No, business loans are harder than personal loans. If you have lousy personal credit then you are toast.

An EIN means now you get to pay more taxes which would not have to do before, so your position is even worse than when it was just lousy.