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In today’s modern marketplace, finding guaranteed bad credit small business loans can be incredibly challenging. However, the easiest way around this issue may not be to find a suitable bad credit lender, it may just be to fix your credit; an easier task than many people think. It is much better to have a strong financial standing than it is to have guaranteed bad credit.

Small business loans are issued on the basis of business credit, though they are often secured by factors related to personal credit. That is, the lender may require the disclosure of personal assets, a personal credit report, or some other similar documentation that explain that the person, and not the business, is a reliable investment.

Fixing bad credit starts with understanding your credit profile. Check with and see what kind of information you can find about your own standing. Perhaps you will see some obvious and easy places for improvement, and perhaps you will even be able to identify some errors that can be fixed very easily.

You will then want to consolidate your loans through the help of a private, non-profit organization. Beware of loan counselors that advertise aggressively, as they tend to offer very bad deals and may leave you in a worse position than when you started.

Cut up your old credit cards and get rid of them. This is the easiest and best way to keep yourself from getting into more unnecessary debt. Though they are often helpful for building credit, learning how to keep yourself disciplined and forming good habits is an essential part of fixing your credit score.

Once you have paid off your loans, you can re-apply for new credit cards. You can use these to rebuild your credit score and start replacing bad credit with good.

Though this may seem like a long and complex process, it is actually quit simple. And best of all, it will keep you from having to worry about having to search for guaranteed bad credit small business loans again!

This Business article was written by Mark Karavan on 2/4/2010