Yes, it is possible to still get a business loan from non-bank funders even with a poor credit bureau score. We understand the difficulties faced by business owners during the early stages of their business.
Our team at Beacon has helped many directors with poor credit bureau score secure business loans from non-bank funders. We have also advised many business owners on the steps to improve their credit bureau score, eventually qualifying for a bank loan.
Although the interest rates charged by non-bank funders are higher than banks, these loans are meant to be short term and act as a bridge to eventually securing a loan from a bank.