Bad credit business loans for small business owners

There are numerous small businesses who require bad credit business loans, and we provide them with the funding they require, easily. We do however advise all small businesses to be very decided about the decision they are taking. The reason for this is simply because small businesses comprise of 99.7% of all businesses in the United States, and they make up the spine of the US economy. As a result of this we do want to ensure that as many small businesses that require the funding receive it. This is essential for the economy and also the small businesses.

Banks do not like to provide small businesses with business loans. The reason for this is because banks consider small businesses to be ‘high risk investments’. For small businesses the banks generally have very stringent qualification criteria, and due to these over 90% of all small business loan applications are rejected.

We do provide small businesses with the funding that they require very simply and easily, and our qualification criteria are completely different from those of the banks. Any small business owner can look at the criteria that we have and determine for themselves whether they qualify for the funding or not. Mentioned here are our qualification criteria.

1.       The owner of the business should not be in any form of active bankruptcy to qualify for the business funding with bad credit.

2.       The business must be at least 12 months old and it should be a running business.

3.       The gross monthly income of the business needs to be at least $10 thousand a month.

These are the very simple qualification criteria that we have, and based on these any small business owner will be able to ascertain whether they qualify or not. Also mentioned below here are the other features that make this into a stress free experience for the small business owner.

The processing time frames that we have are very quick, and typically we can provide small businesses with the funding that they require within 48 to 72 hours from the time we receive the completed application. At the most we would take a week to ten days to do the same. In addition to this the paper work that we require is also very simple, technically all we require is the last 3 months business statements and the application form. Banks on the other hand do require a lot more than this, thanks to their stringent qualification criteria. As a result the minimum time frames that one can expect from the banks is a couple of months.

In addition to this we also do not require high credit scores to provide small businesses with business loans for poor credit. The reason we are able to provide small businesses and medium sized business with bad credit scores with loans, is because this is not part of our qualification criteria. We work with businesses whose credit scores are as low as in the low to mid-500s and we do fund them.

We also do not ask for collateral as our loans are uncollateralized and unsecured loans. This is a very beneficial feature for small businesses, many of whom do not have the necessary collateral and security requirements that banks and other financial institutions require.

For more information related to the business funding bad credit contact us. Our funding team will provide you with the information you require, and assist you with the online application form. Additionally, if you would rather fill out the application form yourself, simply click on the ‘apply now’ tab and fill in your details there.