There are three primary types of small - business loans: bank loans backed by the Small Business Administration, microloans from nonprofit lenders and loans from online lenders. (entrepreneur.com)
Because you're just starting out and your personal credit score is below 600, your best bet is microloans through nonprofit lenders or the U.S. Small Business Administration. (nerdwallet.com)
These loans are provided through partnerships with community - based nonprofit lenders which are referred to as certified development companies (CDC)-LSB-...] (montegra.com)