When one's credit isn't so great, what is the likelyhood that he/she will get a loan to start a small business? A guy I go to school with told me that banks don't look at your credit; they look at the potential profit of your business. Is there any truth to this? I would like to start a restaurant (and REALLY soon) but my credit isn't the best. My debt is about $6500 but I'm slowly paying it down through a debt consolidation program (which has gone well for a year now). What are my chances here?