Are you looking for information on bad credit business loans? Have you considered startup financing? Millions of I would be Business owners like you are frustrated because they just don’t seem to qualify for traditional bank loan financing.
my personal journey
This Is Why You Should Avoid Bad Credit Business Loans At All Costs… About 4 1/2 years ago my husband and I sold all of our assets in Ireland and moved to Georgia to escape debt. Our business was sold, as well as our large “American style” house and most of our assets. (We were masters at living far beyond our means.) Although we made a good net profit, we were living in a credit nightmare. Since our business was seasonal (we sold school supplies to schools, universities, etc.), our operating costs were quite high. Cash flow was a real concern. For almost 7 months of the year, our small business survived on a business line of credit, essentially a BIG bank loan. Believe me when I tell you that we had many sleepless nights and a lot of stress.
After selling everything, we moved to the United States and started all over again. Since neither my husband nor I had any established credit, we did not have access to traditional bank loan financing when we started our business in Georgia. After contacting a start-up consultant, it was suggested that we apply for “bad credit” business loans as a means to finance our new business.
This was not a viable option for us. We decided to rely solely on seed funding to get our business up and running. It was then that I embarked on a journey to learn everything I could about starting a business without a bank loan. My search for information and creative solutions is what prompted me to become a Certified Startup Consultant specializing in cost reduction strategies for startups. I now run three profitable businesses, owing no money to lenders. It’s a great feeling.
Don’t be tempted to dig a deeper black hole for bad credit!
Don’t let anyone tell you that the only way you can finance your start-up is to rely on bad credit business loans. — even if you don’t have perfect credit or don’t own a home. If you’re overburdened, with a mountain of debt you can’t seem to get through, there’s still hope. You can achieve your dreams of being a business owner without borrow money. I have personally seen this dream come true for many of my clients.
The secret is starting
You just need the know how. The secret ingredient to learning how to start a new business without bank loans is starting. Before you can get started with seed financing, you may need to make some lifestyle changes. Take an honest look at where you are financially right now and how you got there. This is the first step to get out.