"> Business Loans with Low Credit

Business Loans with Low Credit

If you’re a business owner seeking Business Loans with Low Credit, even if your company is well run and bringing in consistent revenue.  Many banks & lenders will deny you if their strict requirements are not met. Low credit can stop you from getting the funds you are seeking.  You should also be making every effort to repair your bad credit, which can include paying your bills on time, cutting costs and reducing credit card usage.

You should check your credit report at least once a year, to keep track of the progress you are making. It can take many months to fix a damaged credit score, but actively taking steps toward improvement will benefit you personally, your family, and your business in the long-run.

Click below to see different industries, business strategies, and how to get started.

Traditional lenders make it difficult

Working capital loans can enable your business to get the funding when and where you need it most. Traditional lenders require good credit, want to review your resume, a detailed business plan, two years of financial paperwork, collateral, plus they want a detailed plan how the funds are going to be used. The application typically takes 40+ hours to complete. If you are approved it can be a month or longer before you get the capital you need.

Rejection rates have been roughly above 80% over the past several years with on SBA loans. If you have any issues the application is denied.

Capital without the hassle

The best way to take advantage of a business loan if you have bad credit is to have a strong business plan with clear goals. We provide a business friendly alternative to traditional bank loans for establish businesses.  Our simple method allows us to be flexible on credit history checks and avoid the unlimited documents connected to your approval. Funding from $5000 to $500,000. Rate and term is dependent on the performance of the business.

The amount capital that can be borrowed is dependent on the monthly deposits. There is very little paperwork involved this is the main reason why the application process is so quick.

Click below to see different industries, business strategies, and how to get started.