Bad credit can be caused in many ways such as identity theft, too much credit card debt, unpaid student loans, late mortgage payments, or bankruptcy.

Business credit cards are granted by banks and lenders based on risk. One of the ways they determine risk is with the FICO score. To a lender a lower FICO credit scores mean higher risk.

You probably receive numerous credit card offers for Visa, MasterCard, American Express and Discover in the mail every week. For a small business owner that needs financing, these credit card offers can look very appealing.

If you know you have bad credit and are tempted by these credit card offers, you are adding to the problem. Every time you submit a business credit card application the bank or lender runs a credit report. Every credit report inquiry lowers your FICO score.

When the lenders see too many inquiries on your credit report they start denying credit.

It appears to be a dead end situation with an existing small business or a start up that needs financing when the owner has bad or poor credit.

Our unsecured lines of credit program offers a solution for this situation. Based on the bad credit situation of the business owner, banks and lenders will not extend credit. In this scenario, the owner should find a friend, relative, or business associate who has the credit profile required.