Across the country, business owners who attempt to get a small business loan with bad credit are discovering that, rather than extending a warm and hearty handshake, their bank is giving them the cold shoulder.Â
Why is this? Itâs because banks donât want to take any risk, and they view business owners with bad credit as personified âRed Flagsâ. As such, they wonât even consider offering a small business loan. Theyâre much more interested in focusing on their large and enterprise customers, and earning transaction and serve fees.
On the other hand, here at Shield Advisory Group, we understand that business owners are often forced into making regrettable financial decisions. For example: