I have terrible credit after going through a chapter 13 which I`m still currently making payments. I like to start a business with business credit. Am I dreaming or what? Help
Starting a business with "business credit" can be a challenge because the lender wants to see some history that indicates an ability to repay the debt. Most traditional lenders will want a personal guarantee and possibly a pledge of personal assets (this is common with an SBA guaranteed loan)
Starting a business using outside capital is very possible. The first step is to develop a plan that identifies how much capital is needed. There are a number of ways to acquire capital -depending upon your specific situation.
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Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs