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    heater581's Avatar
    heater581 Posts: 2, Reputation: 1
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    #1

    Oct 11, 2007, 09:54 AM
    Bad credit loan
    I am trying to buy a small business concept. I have tried going through different lenders to get a loan, but all have denyed me because I seem to have "fair-poor" credit. I had a credit card, I missed a few payments but paid it off. Does anyone know where I can get a $7500 loan even if I have bad credit. I know it is possible, I saw it on some USA webiste but what about for Canadians? Any help would be appreciated. Thank you.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Oct 11, 2007, 10:02 AM
    What collateral do you have? Does Canada have a govt angency that promotes small businesses?
    heater581's Avatar
    heater581 Posts: 2, Reputation: 1
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    #3

    Oct 11, 2007, 10:20 AM
    I have a car. Does that help? I don't know what Canada does have a government agency but they said that could take 4 weeks or more. I don't want to wait that long. :o


    Quote Originally Posted by ScottGem
    What collateral do you have? Does Canada have a govt angency that promotes small busineses?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Oct 11, 2007, 10:44 AM
    You may not have a choice. Talk to your bank, your local chamber of commerce, etc.
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