Can you get a $300,000 business loan with bad credit?

It'll be difficult to get a $300,000 loan with bad credit, even if you apply to an alternative lender. This is a large amount, and lenders reduce their risk of loan defaults by only approving low amounts.

What are the eligibility requirements for a $300,000 business loan?

Eligibility requirements differ depending on the lender, but you typically need a strong credit score, at least two years of business history, consistent revenue, a detailed business plan and sufficient collateral.

Can you get an unsecured $300,000 business loan?

It's possible to get an unsecured $300,000 business loan, especially if you apply with an online lender. However, most lenders prefer to collateralize $300,000 loans, because they stand to take a sizable loss if your business defaults. And even then, most unsecured loans require a personal guarantee from all business owners with a 20% stake in the company.