can u get a small business loan if you claimed bankruptcy before?

business loan
RisingStar asked:


i want to try to get a small business loan soon but i have declared bankruptcy (chapter 13) a couple of weeks ago. i make a monthly payment, pay on time, and now i need a business loan to start a new business. would i get rejection because of the bankruptcy?

if so, where could i go to get financial assistance to start a small business?

2 Responses to “can u get a small business loan if you claimed bankruptcy before?”

  1. Doctor Deth - December 14th, 2008

    not for at least 5-7 years AFTER the bankruptcy is discharged- if you just filed, your bankruptcy hasn’t even been discharged yet - forget even getting a credit card for at least a couple of years or if you are able to get one (not right away for sure) expect the interest rate to be 20-25% and forget any kind of business loan with a comprehensive Business Plan

  2. Rita W - December 15th, 2008

    Hi,

    My Name is Rita Walters,I recently needed a loan as I was in a right mess! And I mean a mess! I thought I was never gonna get out of it until I read some articles on unsecured loans to help pay off my existing debt and relieve my anguish.
    I saw a posting at Craigslist that was tagged ‘’do you need my help???’’
    I replied to the posting and it turned out that the person had once being in a mess
    Just like I was then.
    We chatted and became friends after which he told me his experience about the internet and scammers.
    He said he has been scammed many times and totally he lost almost $15,000.After which he was referred by a friend to this private lender that offered him the loan amount.
    He then asked me to go contact them, I was like maybe this is just another kind of scam but I decided to give it a try. It was all just like magic how I got my loan.
    I never got scammed, I have never being scammed and I don’t have any experience of it and I never want to.
    I just felt that for the fact that a stranger helped me out I should do the same.
    If you are in need of a loan and would need their email address, here it is

    This is the little way i can help to reduced tose internet scammer.

    Best of Luck.