A bankruptcy in your past doesn’t necessarily preclude you from getting a small business loan, but it might make it more challenging. Not all lenders have the same requirements after bankruptcy, but it’s unlikely a borrower would qualify within the first two years. Many lenders will require two years of improving credit history following the disposition of a bankruptcy.
Most Popular Posts
Not sure about a term or phrase? View our glossary of commonly used financial words on BusinessLoans.com.View Definitions