If you have bad credit, getting a loan for a startup business or existing company can be very difficult. In general, banks will only finance those which they consider to be the lowest credit risks, but there are some other sources of business financing to consider as a more realistic solution. You should be sure to keep your business credit and personal credit lines as separate as possible.
However, some specialty lenders will want to review both personal and business credit scores in making a decision. Your business credit score is not linked to your social security number, so this may help you in obtaining a needed loan if you have personal credit history problems. Once you have a business that is established as a legal entity with a tax ID number, you can begin to establish a credit history for the business and qualify for credit lines from vendors and suppliers.