If you don't imagine it is possible for you to to repay the non-public loan you're taking out, then you want to cease proper now. If you'll be able to make well timed repayments, then a private loan may help. If your private credit score rating is unhealthy (300 to 629 FICO), you'll have fewer choices — and you will doubtless pay higher rates — but securing a small-enterprise mortgage continues to be attainable.