Probably not. While long-established businesses may be able to use their financial history to help them get a loan, a new business only has the credit of its owners. Having poor credit is a primary reason why loan applications are turned down, according to the U.S. Small Business Administration.

As you begin your company, you may have several options for loans. Each kind features its own criteria based on how much you could potentially obtain and you can just who qualifies. (more…)