PERSONAL LOAN TO START A BUSINESS
A business loan alternative
Get business funding even if you can’t qualify for a business loan.
Can you use a personal loan for business?
Usually, you can use a personal loan to start or grow a business. And it might be a good option if you can’t qualify for a business loan or if you want to borrow a smaller amount of money. It’s generally easier and faster to qualify for a personal loan. On the flip side, lending amounts are more limited. And because your personal credit will likely be tied to your personal loan, any issues with repayment could damage your ability to secure future financing.