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how does a business in indiana secure funds if owner has bad credit?*
Answers:
1) You really can't. Even people with excellent credit are having problems getting business lines of credit and personal loans these days. If you manage to find a place that will extend credit, the usury interest rates involved will mean you will be paying back an outrageous amount. Do what you can to boost your credit score and your chances for obtaining a legitimate loan with reasonable interest rates will increase as well.
2) The owner will have to go from bank to bank and plead his case. Make sure you have a business plan.... and no, there is no easy way out. Only other option: Find private investors that are willing to fund you for a percentage of the profits.
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