There are still quite few financing options available that you can choose in order to get a loan even though you have a bad credit score. The only disadvantage with this is that, some lenders may charge with big interest for the loan. You may even need to provide some additional security documents to prove your worth of the loan. If this could be too complicated or laborious for you, you may still try to find other alternatives such as represent a money company rather than your local bank.
It is in the effort of the entrepreneur to get approved by the loan eventhough the lenders see you unworthy of the loan. If you know how to negotiate, you can always talk to your bank and find the best deal eventhough you are having a bad credit.