You’ll typically need good credit, verifiable income, and a low debt-to-income ratio to qualify for a personal loan for business expenses.
Emily Guy Birken
Updated January 7, 2022
Should I Take Out a Personal Loan to Start a Business?
While the U.S. Small Business Administration (SBA) offers SBA loans to new and established small business owners, these loans require the borrower to submit a business plan and often take some time to process —…
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