topic Re: Business Loans after Chapter 7? in Business Credit

Business Loans after Chapter 7?

Anonymous — Sun, 21 Apr 2019 18:01:34 GMT

Hey all!

I wanted to specifically ask, does anyone have any experience obtaining a business loan after Chapter 7? A little background, I was discharged with my Chapter 7 in January 2017. I primarily filed because I was in graduate school and unable to work full-time during the program. I graduated in December 2018, and recently started working in my field in March. My current credit scores are in the 650's, primarily being held down by about 50% utilization. I'm currently working to pay them off as quickly as possible.

I'm looking to open a business, and will need about 25,000 to 30,000 to get everything rolling. Anyone applied for and successfully gotten a business loan after bankruptucy? Thoughts on getting a personal loan to quickly pay off credit cards so my score can rise?

Thanks in advance!

Re: Business Loans after Chapter 7?

lphillips — Tue, 23 Apr 2019 20:52:01 GMT

Depending what field you are in as a healthcare provide wirth a similiar situation I was able to get a $30k business loan with BHG..... no reflection on personal credit reports what so ever

BK 7 Discharged Jan 2015

Re: Business Loans after Chapter 7?

Anonymous — Tue, 23 Apr 2019 21:34:42 GMT

I am in healthcare. Can you elaborate a little further?

Re: Business Loans after Chapter 7?

MyDataMyChoice — Wed, 24 Apr 2019 03:16:56 GMT

please elaborate