How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Here are 7 small-business loans for women with bad credit
Lender | NerdWallet Rating▼ | Max loan amount▼ | Min. credit score▼ | Next steps |
---|---|---|---|---|
Fora Financial - Online term loan with Fundera by NerdWallet | 4.5/5 Best for Startup business loans for women with bad credit | $1,500,000 | 570 | with Fundera by NerdWallet |
Fundbox - Line of credit | 5.0/5 Best for Business lines of credit for women with bad credit | $150,000 | 600 | |
Triton Capital - Equipment financing with Fundera by NerdWallet | 4.0/5 Best for Equipment loans for women with bad credit | $250,000 | 575 | with Fundera by NerdWallet |
SBA Microloan with Fundera by NerdWallet | Best for SBA loans for women with bad credit | $50,000 | 620 | with Fundera by NerdWallet |
OnDeck - Online term loan with Fundera by NerdWallet | 5.0/5 Best for Short-term loans for women with bad credit | $250,000 | 625 | with Fundera by NerdWallet |
Accion Opportunity Fund - Small Business Working Capital Loan | 5.0/5 Best for Small-business loans for minority women with bad credit | $250,000 | 570 | |
AltLINE - Invoice Factoring | 4.5/5 Best for Invoice factoring for bad credit | $10,000,000 | 300 | |
Here are 7 small-business loans for women with bad credit
Best for Startup business loans for women with bad credit
Best for Business lines of credit for women with bad credit
Max Amount
$150,000
Min. Credit Score
600
Best for Equipment loans for women with bad credit
Best for SBA loans for women with bad credit
Best for Short-term loans for women with bad credit
Best for Small-business loans for minority women with bad credit
Max Amount
$250,000
Min. Credit Score
570
Best for Invoice factoring for bad credit
Max Amount
$10,000,000
Min. Credit Score
300
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Our pick for
Startup business loans for women with bad credit
Businesses may be able to qualify for a term loan offered by Fora Financial with just six months in operation, making it a good fit for startups.
Fora Financial - Online term loan
with Fundera by NerdWallet
Max loan
$1,500,000
Min. Credit score
570
with Fundera by NerdWallet
Our pick for
Business lines of credit for women with bad credit
Fundbox offers a business line of credit to businesses that have minimum credit scores of 600 and have been operating for at least six months.
Fundbox - Line of credit
Max loan
$150,000
Min. Credit score
600
Apr range
36.00-99.00%
Our pick for
Equipment loans for women with bad credit
For established businesses that need equipment and have a minimum credit score of 575, Triton Capital has equipment loans that can be funded within one to two business days.
Triton Capital - Equipment financing
with Fundera by NerdWallet
Max loan
$250,000
Min. Credit score
575
Apr range
5.99-34.99%
with Fundera by NerdWallet
Our pick for
SBA loans for women with bad credit
SBA microloans are offered through nonprofit intermediary lenders who set their own credit requirements which may make them easier to qualify for.
SBA Microloan
with Fundera by NerdWallet
Max loan
$50,000
Min. Credit score
620
Apr range
8.00-13.00%
with Fundera by NerdWallet
Our pick for
Short-term loans for women with bad credit
If you have a credit score of at least 625 and have been in business for a year or more, OnDeck offers term loans with repayment periods of up to two years.
OnDeck - Online term loan
with Fundera by NerdWallet
Max loan
$250,000
Min. Credit score
625
Apr range
27.20-99.90%
with Fundera by NerdWallet
Our pick for
Small-business loans for minority women with bad credit
Accion Opportunity Fund, a nonprofit lender that works with women, minorities and other underserved entrepreneurs, requires a minimum credit score of 570 for working capital loans.
Accion Opportunity Fund - Small Business Working Capital Loan
Max loan
$250,000
Min. Credit score
570
Apr range
8.49-29.67%
Our pick for
Invoice factoring for bad credit
AltLINE is an invoice factoring company that will buy your unpaid invoices at a discount and doesn’t have minimum credit score or time in business requirements.
AltLINE - Invoice Factoring
Max loan
$10,000,000
Min. Credit score
300
What is a bad credit score?
Where to get a business loan for women with bad credit
Online lenders
CDFIs
Nonprofit lenders
How to get a business loan for women with bad credit
Alternative funding options for women with bad credit
- Asset-based funding. With asset-based financing, you receive money from a lender to purchase products for your business. The product you’re looking to purchase, such as inventory or equipment, serves as collateral on the loan. Because this type of financing is self-collateralized, lenders are often more willing to work with credit-challenged borrowers.
- Small-business grants. Business grants offer free funding that you don’t have to repay. Grant providers typically don’t use your credit score to evaluate your application, although application windows can be narrow and the process can be competitive. Some companies offer specific business grants for women.
- Crowdfunding. With crowdfunding, you put your business on an online platform and advertise your financing goal. People can donate money to your business — usually in exchange for equity or some type of perk or benefit. Crowdfunding can be a good option for product-based businesses with an internet following.
Find the right business loan
Methodology
Wondering if you qualify?
It’s possible to get a business loan even if you have bad credit. Bad-credit business loans are available from alternative sources, like online or nonprofit lenders.