How can you start a small business when you have bad credit and can't get a loan?

When a person has bad credit, it becomes very difficult to get a loan but there are many ways you can develop a business plan which requires low capital. First, you should consider starting a business with minimal equipment costs or consider a business which is service oriented. Keeping overhead down is essential. Consider having a partner or family support you in building the business allowing them to have some future equity in the business. Develop partnerships which are mutually beneficial that allow you to get business services that you may not be able to get on your own and use bartering as a strategy.Lastly build the business slowly requiring as minimal capital as possible and put your profits back into the company until you become more stable. Most importantly, try to improve your credit by doing debt consolidation, or paying off your creditors.