If you have bad credit it is going to be very difficult to get a business loan. The process is extremely long and difficult. I would suggest seeking govt grants or find a venture capitalist to help with your business plan. Also with most business loans they would only cover 75% of your cost and would also require you to have a liquid assets to cover the amount. If I could make a suggestion learn to trade the Stock Market and treat it like a business. You don’t need alot of capital and you don’t have to go through any SBA loan process. The stock market is the biggest liquid market place. Good Luck!
If you cannot handle your own personal finances what makes you think you can handle a business?
Looks like you’ll have to correct the bad credit issue first before pursuing your business. Sorry.
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