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KC Ifeanyi is a freelance contributor for Inc.com and Fast Co.Create and has worked as writer, editor, and social media manager for Fortune Small Business, Time, Inc. February 1, 2011 – SBA Expands Access to Federal Contracting Opportunities for Women-Owned Small Businesses. Car loan rates offered by various banking institutions, online lenders and credit unions vary from car to car. But whether you're approaching a bank or a friend for a small business loan, the lender will have the same expectations. In addition to cleaning up your debts, you also need to check your credit report to make sure it is accurate. The Federal government does not provide grants for starting a business. Some small business grants can be obtained from non-profit organizations and a few state government agencies for specific types of businesses. Having bad credit should not be the one thing that stands in the way of your financial freedom. 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