Business loans or personal loans for people with fair credit

Discussion in 'Securing A Business Loan' started by AnitaLowenstein, Aug 4, 2016.

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  1. I'm after a business loan or personal loan for people with fair credit. I've been working on my credit score for years and now I want to borrow some money to expand my growing business. I don't have much debt because I've paid it off with the profit from my business, I only have a few hundred dollars in credit card debt. Because I've managed my credit so well I want to know where I can get a business loan or personal loans for people with fair credit with a very low interest rate. I've checked some loans comparison sites but I want a loan company which rewards people with low interest rates when they have good credit score. Any ideas?
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  2. admin

    admin Administrator Staff Member

    Admin Post
    There are many places to look for a business loan or personal loan for people with fair credit. If you're expanding your business and have established profits in your account you can borrow from banks, peer-to-peer lending, direct lenders, credit unions and Government SBA loans. It is very likely you'll be eligible for credit as you're business is growing and you have fair credit. The best personal loans for people with fair credit across peer-to-peer, and direct lenders are listed below. Hope this helps.

    Peer to Peer Business loans Fair Credit
    (1) Lending Club [Borrow $15,000 - $300,000 / 5.99% - 36.89%]
    (2) Funding Circle [Borrow $25,000 - $500,000 / 5.49% - 27.79%]
    (3) Prosper [Borrow to $35,000 / 5.99% - 32.99%]

    Direct Lender Business Loan Fair Credit
    (1) OnDeck [Borrow to $500,000 / 19.99% - 39.99%]
    (2) Kabbage [Borrow to $100,000 / Up To 90% on Short Term Loans]
    (3) Foundation [ Borrow to $150,000 / 7.99% - 25%]

    Other Places to Borrow with Fair Credit
    (1) Banks - (Obviously)
    (2) Credit Unions
    (3) Government Small Business loans
    (4) Online Lenders
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