This depends on what you mean by ‘no credit’. When you don’t have a credit record at all, it can be really hard to get a business loan. This is also the case if you have a bad credit history which can be a result of late payments, defaults and/or bankruptcy.
If you have no credit record, it’s recommended you start somewhere. This could be getting a credit card with a low limit and ensure you pay everything on time. This allows you to build a good credit record when you want to take out larger personal or business loans down the track.
If you have bad credit, it can fell impossible to get business finance. We are a non-bank credit consultant specializing in providing help for business loans to people with bad credit, or with low documentation.
