A Business Loan with Bad Credit Not a Deal-Breaker

Before FinTech revolutionized small Business lending, traditional banks were the go-to source for a business loan. Having bad personal credit pretty much precluded a business owner from being able to secure funding.

However, the Great Recession changed everything. Ironically, it led to an eventual opening of the floodgates. During the post-recession “credit crunch” of 2008-10, bank lending dried up – even for...