Best Bad Credit Business Loans

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  • No collateral requirement
  • Payment schedule tailored to your cash flow
  • Up to 2-year term length
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Bad Credit Business Loans

Working capital for owners with bad personal credit.

Getting a Small Business Loan with Low Personal Credit

Running a small business takes ambition. Entrepreneurs represent the backbone of the American dream. Clarify is committed to helping business owners grow with the working capital they deserve.

While your personal credit score is a factor in securing a loan, it shouldn't be the only deciding factor. We understand that your credit rating doesn't define you or your business.

Get approved and funded within 24-48 hours on our marketplace of 75+ lenders. We take a holistic view of your finances and business model to get you an approval at competitive APRs.

What Lenders Consider When Approving a Bad Credit Business Loan

For most lenders, a bad credit score ranges from 450 to 600. Traditional banks and institutions will rarely fund owners with these credit scores -- but you're in luck! Our network of lenders look at several other factors to approve your business loan application. Here are some of the factors that they weigh, regardless of your personal credit rating:

Gross Monthly Revenue

Most lenders like to see you generating at least $10,000 in monthly gross revenue. The loan amount you get approved for is often a percentage of your revenue.

Outstanding Debt

To make the approval process faster, know how much outstanding debt you currently have. Lenders look at your debt to income ratio to provide you a financing offer.

Time in Business

The longer you've been in business the better. On average, companies who have been in business for 5+ years have the highest rate of approval with good interest rates. Clarify can also provide funding to companies that have been in business for just 6 months.

Operating Cash Flow

Have the last 3 months of bank statements handy. Lenders will ask to see your most recent bank statements to verify your operating cash flow.

Business Credit History

If you have established business credit in the past, that can help as well. More important that your personal credit, is the business's cash flow and ability to service debt going forward.


Is your business profitable or showing a positive trend towards profitability month over month? Our loan advisors point you in the right direction so you can get the best financial solution for your company.

Best Business Loans For Bad Credit Scores

We believe that a low credit score shouldn't stop you from business success. Clarify works with you to identify a loan option that fits your needs and unique cash flow requirements. Here are the best types of loans to get pre-approval for if your personal credit rating is not stellar:

1. Short Term Business Loan

Term loans with Clarify don't require any collateral and have low credit score requirements. As long as you have been in business for at least six months and generate over $10,000 in gross monthly revenue, we can get you pre-approved. Term lengths are usually 6 months to 2 years with APR as low as 7%.

Apply for Short Term Loan

2. Business Line of Credit

Similar to a business credit card, a line of credit provides working capital that you can use when needed for day to day expenses. Unlike a credit card, a line of credit has a much lower interest rate and does not have any prepayment penalties. A line of credit also improves your credit score over time.

Apply for Line of Credit

3. Invoice Financing

Most business owners are in an industry that deals with invoices from vendors or customers. If you have invoices that are yet to be paid, Invoice Financing is the perfect funding option. Since the outstanding invoices act as collateral, your credit score is not a factor in getting approved.

Apply for Invoice Financing

4. Equipment Financing

Just like a traditional car loan, equipment financing provides capital to purchase new or used equipment. Whether you're a trucker, restaurant owner, or construction company, an equipment loan can help you grow your business or replace aging assets.

Apply for Equipment Financing

Top Uses for Bad Credit Loans

Borrowers use bad credit loans to meet their business needs in a variety of ways. At Clarify, we believe that low credit scores shouldn’t be a barrier to reaching your goals.

Slow Periods:

During slow periods, you might experience a drop in sales. A bad credit loan provides an infusion of working capital to help offset a temporary fluctuation in sales.

COVID-19 Relief:

If your business has been affected by the pandemic and you’re in need of funds, we can help. We understand how difficult the pandemic has been for small businesses nationwide.

Inventory & Supplies:

Get the inventory and supplies you need to ensure business runs smoothly. Funds can be allocated towards buying orders so you have what you need to achieve success.

Equipment Needs:

We offer financing solutions to help you purchase new and used equipment, depending on your business needs. We understand that you may need equipment to get the job done. Financing is available for borrowers with low credit scores.

Payroll & Taxes

Payroll and taxes are unavoidable expenses every business incurs. Additional funds can help ensure your financial obligations are met without delay.


Refinance existing debt with loan terms that work for you. Whether you want to lower your interest rate or have more flexibility with your payment structure, we have you covered.

Types of business owners we've approved for business loans

What you need to get approved for a low personal credit loan

  • keyboard_arrow_right Company has been in business for 6+ months
  • keyboard_arrow_right Generates $10,000+ per month in revenue
  • keyboard_arrow_right Can provide last 3 months of bank statements

Loan advisors that help you get funded regardless of credit rating

When you choose Clarify, we consider you family -- and work with you through the ups and downs of running your small business.Manufacturing Financing Team

keyboard_arrow_right See why companies love Clarify

Bad credit loan

"Bryan provided me with a loan to get through my slower season. He took the time to really understand my business and worked with me on my projections for the next 12 months. Together, we figured out exactly how much funding I needed. I’m very thankful the time that Clarify dedicated to my company."

5-star Trustpilot reviews5-star Trustpilot ratingClarify Capital is rated 10/10 based on 139 reviews on Trustpilot
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Get instant pre-approval for a small business loan today and have money in your account within as little as 1 day. Bad credit is okay. Prequalify without affecting your credit! Application process takes 2 minutes.