Me and my cousin just finished a formal grooming program because we want to pursue a dog grooming business. We are converting a portion of our yard into a salon and we have consulted my colleague (an accountant) for the business legalities. However, one of the most substantial start-up costs for a grooming salon is the purchase of equipment and the money we have saved for it is not enough. So we are thinking of getting a loan but we both have no credit, as they say it is a struggle to get a loan if you have no credit. We are are likely to face higher interest payments and be offered smaller loans. Are there lenders that gives loan with poor credit history? Where should we go for a loan, bank or credit union?