smallbusiness.co.uk: Helping your business think big

Short-term finance

Rory Earley, CEO of Capital for Enterprise, explores the options...
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Q: What can I do about a bad credit history, I need finance but I keep getting refused?

Oct 17 2007

Answered by: Mark Endersby Ask a question

Bad credit history can cause issues when trying to raise finance as lenders will view you as a higher risk. However, there are lenders out there that specialise in taking these risks and lending to people with credit history problems.

If you are looking to raise finance for your business you may be able to offer additional security using the asset you have within the business or the assets that you are looking to purchase.

If you are a homeowner you may be able to provide additional comfort to a lender.

For more information please take a look at www.fundingsolutionsuk.co.uk

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