Small Business Loan Scams
Question
can I get a small business loan with 510 credit score?
i know you'll probably say just work on it a little more and wait until my score goes up...but I don't want to wait months or more for it to heal...is there something i can do now? I don't want cash advance or any of those other scam spam that's out there..i googled the question and it seems like a lot of scam ads out there...just spam and stuff...please don't tell me just wait until it gets better...seriously, someone out there has to have a real solution, I just need minimum $5,000 or $10,000 to start off, thanks.
8 months ago - 3 answers
Best Answer
Chosen by Asker
Why would anyone want to loan you 5-10K based on this question..What type of business are you trying to start .. What is your anticipated overhead.. What is your current debt to income ratio ..What do you anticipate your first year will be like ... You say you need a loan ..why would anyone want to risk a loan for you .. These are just a few of the thoughts that go through a lenders mind when you ask for money..Please don't set yourself up for all the scammers.. I am sure you will get all the rose colored glass answers you seek .. Beware..
Source(s)
Retired Senior Bank Collector
by Danny
8 months ago
Asker's Rating: 
Other Answers
not unless you have a very strong co-borrower.
by Tracy F- 8 months ago
Dear matamjo, Few week ago I was searching on this question for my assgnment and found this one very helpful financeme ... Best of luck
by Sandy- 8 months ago