What financing is available when your credit rating is bad or you have a bankruptcy?

Unfortunately, traditional financing options are very limited and often nonexistent. At best an individual may try to work with a micro-lender or economic development organization, though poor credit will still be an issue. Other alternative financing options to explore include asking friends and family members to invest. If necessary, you may need to work on improving your credit history and put some time between the problem and a new credit application. This will mean waiting to start your business, but it may be the best alternative. Be very careful about scams and stay away from predatory lenders who will want access to your bank accounts and charge an exorbitant interest rate.