Obtaining loans is often a struggle for entrepreneurs with bad credit scores. Having low credit may limit your options for getting loans. Fortunately, some lenders offer business loans to people with credit scores as low as five hundred. Lenders use your credit score to assess the risk factor before giving a loan. A person with a low credit score can be riskier to the lender?s investment. Applying for microloans and paying back on time can improve your credit.
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