{"id":489,"date":"2019-10-23T05:46:18","date_gmt":"2019-10-23T05:46:18","guid":{"rendered":"http:\/\/www.vitalstatistics.info\/?p=489"},"modified":"2019-10-23T05:46:36","modified_gmt":"2019-10-23T05:46:36","slug":"merchant-loans","status":"publish","type":"post","link":"https:\/\/www.vitalstatistics.info\/merchant-loans\/","title":{"rendered":"A Business Loan after Bankruptcy: What are Your Chances?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Bad credit scares you if you\u2019re an American and would like to achieve the small business dream; but bankruptcy can threaten to kill that dreamand bury it forever!Most business lenders don\u2019t lend money to borrowers with poor credit scores.But that is no reason lose hope. Some new-age alternative lenders can still offer your microbusiness finances.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So it is POSSIBLE to get business financingeven after bankruptcy!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But your options may vary based on whether you\u2019ve filed for business or personalbankruptcy. Lending platforms typically request the details of the bankruptcy onyour credit report, that\u2019s why you must attach a short explanation during application to present your case.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Applicants who keep their story short and factual without letting emotion get the best of them and show a determination to recuperate from their fall get a loan from lenders. The type of insolvency in question is also a bone of contention and a determining factor. Whether a lender will tolerate your bankruptcy depends on whether it is personal or business bankruptcy, and its underlying causes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The period between your bankruptcy filing and loan request is also a factor;more months or years between your bankruptcy and loan request means you\u2019ve likely had time to better your credit status and you can make good use of whatever you borrow.<\/span><\/p>\n<p><b>Which lenders finance bankrupt businesses?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Different lenders have their set of requirements when dealing with bankruptcy. However, most of them typically work with business who apply for business loans 2 to 3 years after bankruptcy. While some of them will also request to see the bankruptcy from your credit report, others have other criteria you must meet to borrow money from them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, most alternative lenders will give your bankrupt business a loan after listening to your story, and checking the bankruptcy \u2013 Loan application time.<\/span><\/p>\n<p><b>Final Words<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Most business also don\u2019t know that it is possible to get a loan with the Small Business Administration, even if an applicant must break some sweat to earn it, more so if they are seeking commercial fundingless than a decade after\u00a0 filing for bankruptcy. The SBA does not factor in bankruptcies for business that apply loans 10 years after insolvency.\u00a0\u00a0<\/span><\/p>\n<p><b><i>Author bio: <\/i><\/b><i><span style=\"font-weight: 400;\">Michael Hollis is a Detroit native who now lives in Los Angeles. He is an account executive who has helped hundreds of business owners with their <\/span><\/i><a href=\"https:\/\/firstamericanmerchant.com\/business-funding\/\"><i><span style=\"font-weight: 400;\">merchant loans<\/span><\/i><\/a><b><i>.<\/i><\/b><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><i><span style=\"font-weight: 400;\">He&#8217;s experimented with various occupations: computer programming, dog-training, scientificating\u2026 But his favorite job is the one he\u2019s now doing full time \u2014 providing<\/span><\/i><i><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/i><i><span style=\"font-weight: 400;\">business funding for hard working business owners across the country.<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bad credit scares you if you\u2019re an American and would like to achieve the small business dream; but bankruptcy can threaten to kill that dreamand bury it forever!Most business lenders don\u2019t lend money to borrowers with poor credit scores.But that is no reason lose hope. Some new-age alternative lenders can still offer your microbusiness finances. So it is POSSIBLE to get business financingeven after bankruptcy! But your options may vary based on whether you\u2019ve filed for business or personalbankruptcy. Lending platforms typically request the details of the bankruptcy onyour credit report, that\u2019s why you must attach a short explanation during [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A Business Loan after Bankruptcy: What are Your Chances? - Vital Statistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vitalstatistics.info\/merchant-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Business Loan after Bankruptcy: What are Your Chances? - Vital Statistics\" \/>\n<meta property=\"og:description\" content=\"Bad credit scares you if you\u2019re an American and would like to achieve the small business dream; but bankruptcy can threaten to kill that dreamand bury it forever!Most business lenders don\u2019t lend money to borrowers with poor credit scores.But that is no reason lose hope. 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Lending platforms typically request the details of the bankruptcy onyour credit report, that\u2019s why you must attach a short explanation during [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vitalstatistics.info\/merchant-loans\/\" \/>\n<meta property=\"og:site_name\" content=\"Vital Statistics\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-23T05:46:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-23T05:46:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.vitalstatistics.info\/wp-content\/uploads\/2019\/09\/Untitled-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Leonie Brekke\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Leonie Brekke\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vitalstatistics.info\/merchant-loans\/\",\"url\":\"https:\/\/www.vitalstatistics.info\/merchant-loans\/\",\"name\":\"A Business Loan after Bankruptcy: What are Your Chances? - Vital Statistics\",\"isPartOf\":{\"@id\":\"https:\/\/www.vitalstatistics.info\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.vitalstatistics.info\/merchant-loans\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.vitalstatistics.info\/merchant-loans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.vitalstatistics.info\/wp-content\/uploads\/2019\/09\/Untitled-2.jpg\",\"datePublished\":\"2019-10-23T05:46:18+00:00\",\"dateModified\":\"2019-10-23T05:46:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.vitalstatistics.info\/#\/schema\/person\/9ba0e9e8332c3b037bf0c4050ae8fa1b\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.vitalstatistics.info\/merchant-loans\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.vitalstatistics.info\/merchant-loans\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vitalstatistics.info\/merchant-loans\/#primaryimage\",\"url\":\"https:\/\/www.vitalstatistics.info\/wp-content\/uploads\/2019\/09\/Untitled-2.jpg\",\"contentUrl\":\"https:\/\/www.vitalstatistics.info\/wp-content\/uploads\/2019\/09\/Untitled-2.jpg\",\"width\":800,\"height\":450},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.vitalstatistics.info\/merchant-loans\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.vitalstatistics.info\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"A Business Loan after Bankruptcy: What are Your Chances?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.vitalstatistics.info\/#website\",\"url\":\"https:\/\/www.vitalstatistics.info\/\",\"name\":\"Vital Statistics\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.vitalstatistics.info\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.vitalstatistics.info\/#\/schema\/person\/9ba0e9e8332c3b037bf0c4050ae8fa1b\",\"name\":\"Leonie Brekke\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vitalstatistics.info\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/80c7bdc8bf681232498c9cc53122270f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/80c7bdc8bf681232498c9cc53122270f?s=96&d=mm&r=g\",\"caption\":\"Leonie Brekke\"},\"url\":\"https:\/\/www.vitalstatistics.info\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"A Business Loan after Bankruptcy: What are Your Chances? - Vital Statistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.vitalstatistics.info\/merchant-loans\/","og_locale":"en_US","og_type":"article","og_title":"A Business Loan after Bankruptcy: What are Your Chances? - Vital Statistics","og_description":"Bad credit scares you if you\u2019re an American and would like to achieve the small business dream; but bankruptcy can threaten to kill that dreamand bury it forever!Most business lenders don\u2019t lend money to borrowers with poor credit scores.But that is no reason lose hope. 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