Getting a small business loan for women with bad credit is not a simple task. In fact, whether you are a male or female and you business is a sole proprietorship, limited
liability or a corporation, you will still be required to use your own personal credit background if your company has no established credit history.
There are steps you can take to help you obtain a small business loan with bad credit by separating your own credit history and establishing your company's own credit profile. First, incorporate your
business and obtain a EIN number (This will protect your business from your personal creditors). Second, open up a business checking account. Finally, ask a family member, friend or business partner
to co-sign.
Government agencies such as the SBA or Small Business Administration may also be able to help women seeking small business loans with bad credit. Another good source for women seeking bad credit
small business loans is business.gov which is the official portal of the U.S. Government aimed at helping businesses.
If you own your own home you may be able to use the equity in the home to obtain a loan for your small business.
If you still are not able to get approved for a unsecured small business loan, then ask your local bank if they will issue you a secured business loan to help you establish a credit history in your company's name.
Here is a good source to help you obtain a bad credit unsecured bad credit business loan
with prosper.com that accepts credit scores as low as 520.