VEDC is a leading non-profit small business lender that is changing the way small business lending is done by making it more available and impactful. It bears repeating, there are exceptions, and companies that can demonstrate a strong personal credit history, self-invested positions, and succession planning will have a better shot at getting a loan, even if they are not in the best positioned category.
Although traditional business lending has rebounded since the start of the great recession, the recovery has not been as robust for the smallest small businesses—the small merchants, restaurants, drycleaners, and mechanics most of us think of when we think of small businesses.
Bad Credit Business Loans offers a variety of loan products, including alternative business loans, equipment financing, loans for women, bad credit loans, secured loans, SBA loans, trucking business financing, unsecured loans and minority-owned business loans.
Small companies working in fields like the health and life sciences, defense and national security, marine and environmental technology, information technology, and advanced manufacturing add enormous value to our historically industrial-based economy, but often are constrained by traditional bank lending parameters.
Traditional business loans are usually split into two types: unsecured business loans , which don’t require security and tend to have higher interest rates, and secured business loans , which are typically higher value loans more suited to growing businesses.