How to Get Business Loans … Even with Bad Credit or No Collateral

Most business owners go to their bank when they need money. But did you know that less than 2% of all business loans come from the big banks. The result is that 89% of business bank applications are typically denied, per the Small Business Lending Index. The key to getting access to capital aka (money) and avoiding business failure, early childhood business leaders must be aware of healthy and approachable financial alternatives in their local community. 

In this course, we will discuss various types of SBA loan programs and how to apply through non-bank lenders and CDFI’s, America’s private non-profit bank network. This introductory course will also shed light on understanding the 5 C’s of credit AND how to avoid business failure due to insufficient capital and/or lack of adequate funding.