Can I do anything to save my business?
I haven’t made any money in the past 5-6 months my bank account is negative $500 and is now closed and I don’t have any income. I started the company hoping to build but I only dug myself into a hole not having the right resources and capital. What can I do? I have bad credit and no money
Thank you for reaching out Johnell Sloan.
If you are in a difficult financial position, there are some lenders that will not consider your credit score. However, you will need to have outstanding customer invoices available to show that your business is operations.
You can see some of your options here : https://fitsmallbusiness.com/bad-credit-business-loans/.
In addition to this, there are some unsecured loans to consider, that don’t require collateral that you can find in our https://fitsmallbusiness.com/best-unsecured-business-loans/.
As a final measure, if you are unable to qualify for a loan, you should consult an attorney, you can find some business attorney’s in our https://fitsmallbusiness.com/small-business-lawyer/.
Best of luck!
I would be happy to give you some ideas, but first need to know more about your business. What is it you do?
There are lots of no-cost marketing methods as well as ways to generate sales without having to spend money, just time. As a business development consultant as well as owner of a marketing firm for over 26 years, I have found most often that businesses don’t need complete overhauls, simply tweaks.
By making some tweaks to what you have been doing you may be able to find short-term financial gain and then begin to scale from there.