PrimeRates provides access to personalized business loan offers through our simple and quick pre-qualification application. Once you’re pre-qualified, you can select the best offer for you and finalize the business loan application with the lender.
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Our simple application takes less than 5-7 minutes to complete.
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Choose the offer that best fits your needs by comparing loan amounts and terms.
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Finalize your loan offer with the lender you selected to receive your funds.
Having to file for bankruptcy is a massive blow to your self-esteem and your business reputation, and building a new business takes a lot of grit and determination. If you think there’s no chance a new lender will trust you with your new venture, don’t lose hope just yet. While, yes, there will be lenders who won’t be willing to look at you until the bankruptcy has been wiped from your history (generally 7-10 years depending on your locality), there are some who will. This article will guide you through your options so you can decide whether jumping back into the world of borrowing is the right move for you.
Important Notice: For SBA Paycheck Protection Loans consider Fundera
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| Loan Amounts | $5,000 to $500,000 |
| APR Range | Term Loans: 7% – 30% Startup Loans: 7.9% – 19.9% |
| Repayment Terms | Term Loans: Up to 10 Years SBA Loans: Up to 25 Years |
| Time to Funding | Varies |
| Click “Check Rates” to apply to Fundera Check Rates | |
The answer to this question is, unfortunately, it depends. When you have a personal bankruptcy, it remains on your credit report for anywhere from 7 to 10 years, making it difficult for you to rebuild your credit score during this time. However, it is still possible to get a small business loan after bankruptcy.
You need to move forward with open eyes – both in terms of your own actions, and in those of your potential lenders. You need to think seriously about if you are ready to take on this new responsibility – though it is uncommon for those who have gone through something as distressing as bankruptcy to make the same mistakes again. Next, you need to be sure you aren’t turning to borrowing out of desperation – would it be better to cut your losses, or will this money help your business grow substantially? Be aware that there will be some lenders who are happy to walk in the morally gray area and lend you money at an interest rate you’ll struggle to afford.
Getting a business loan after bankruptcy is possible, and can be just what you need, you just need to think twice before you commit yourself and your business to anything new.
Treasury data through July 31 shows the federal government paid $1.170 trillion to service the national debt in fiscal 2026, up 15 percent with two months left.
U.S. employers cut 23,000 jobs in July and revisions erased 103,000 more from May and June, pushing September Fed hold odds to about 60 percent. Prime holds at 6.75 percent.
The Fed held $524.9 billion of Treasury bills on August 5, up $329.4 billion since balance sheet runoff ended, while reserve balances stalled near $3 trillion.
Treasury will auction $125 billion of 3-year, 10-year and 30-year securities on August 11 to 13, holding coupon sizes flat as Q3 borrowing climbs to $739 billion.
U.S. public debt reached $39.84 trillion on July 30, 2026, just $158.9 billion below $40 trillion, as the average interest rate on the debt climbed to 3.41 percent.
U.S. labor costs rose 0.9% in the second quarter of 2026, above forecasts, keeping wage-driven inflation in play as the Fed holds and the prime rate stays at 6.75%.