Business Loans for Bad Credit

Having a poor credit history doesn't have to be a barrier to getting business finance. We’ve been chosen by the British Business Bank to help businesses like yours find finance when they’re unsuccessful with the major highstreet banks.

Business Loans for Bad Credit
  • This quote won't affect your credit score
  • Dedicated Business Finance Specialist
  • Get access to 120+ lenders

Start your journey

  • This quote won't affect your credit score
  • Dedicated Business Finance Specialist
  • Get access to 120+ lenders

What is a Business Loan for Bad Credit?

Whether you have a chequered credit history or your business has recently been in financial trouble, there are solutions set up to provide support. Although some mainstream lenders have very strict criteria, many of the lenders we work with take an open-minded approach.

How do Business Loans for Bad Credit work?

Although a negative credit file might rule out getting finance with a mainstream bank, you can explore alternative options. It's important to have realistic expectations if you've got a poor credit file - interest rates are likely to be higher and the lender may prefer a shorter term arrangement. We may still be able to help you if you have:

  • Previously satisfied CCJs

  • Old missed payments such as credit cards or utilities

  • Low-level defaults

  • Previously failed businesses with no outstanding bills

  • Previously bankrupt current director

  • Previous IVAs or CVAs (Individual/Company Voluntary Agreements)

  • Moderate personal credit score

Business Loans for Bad Credit - Features and benefits through Funding Options

  • Secured and unsecured flexible finance options available subject to eligibility

  • We compare 120+ lenders to find the right finance for you

  • A dedicated Business Finance Specialist will guide you through the process

  • It’s free, no obligation and won’t affect you credit score

Financial product information

Representative example*

7.63% APR Representative based on a loan of £50,000 repayable over 24 months. Monthly repayment of £2,252.94. The total amount payable is £54,070.56

*Some lenders may apply fees during the application process, please note that these are set and provided by these entities.

Annual Percentage Rate

Rates from 2.75% APR

Repayment period

1 month to 30 years terms

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