How to get the best small business loans with poor credit scores?

There are numerous small businesses who are looking for bad credit business loans and we provide them with that.

For the numerous small businesses that require bad credit small business loans we provide them with those, banks do not. Banks on the other hand do not prefer to fund small businesses for various reasons, however the primary reason is because small businesses are considered by banks to be ‘high risk investments’. As a result of this over 90% of all small business loan applications are rejected by the banks.

We provide funding to small businesses due to the fact that our qualification criteria are completely different from those of the banks. Due to the practical nature of our qualification criteria, mentioned below here, most small businesses are able to qualify. Based on the qualification criteria that we have mentioned here, every small business owner can check to see if they qualify for the easy funding we provide.

1.       The owner of the business should not be in any form of open bankruptcy, at the time of the application for the business funding with bad credit.

2.       The gross sales of the business need to be over $10 thousand in a month.

3.       The business needs to be at least 12 months old and a running business to qualify for the funding.

These are the simple criteria that we have and based on the qualification criteria that we have provided, most small businesses qualify for the funding. In addition to this, there are also other features that are associated with the funding process which make it user friendly and hassle free for the applicant.

The processing time frames that we have to provide the business funding is very quick, and typically at the quickest we will be able to provide them with the funding required within 48 to 72 hours from the time of the loan application. At the most this time frame would be 7 to 10 days. Banks on the other hand are in no rush at all to provide small businesses with the funding they require and as a result will take anywhere from a couple of months to over that period time.

The credit scores of the small business are not of high priority to us, and typically we provide business loans for poor credit. Unlike the banks we work with credit scores that are in the low to mid 500s, and we do still fund them. Banks on the other hand require credit scores that are above average or in the 700s.

Also we do not require any form of collateral to provide you with the funding, the loans that we provide are uncollateralized. Banks on the other hand do not provide customers with uncollateralized loans.

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 filling in of the application. If you would like to fill in the application form yourself online, simply click on the ‘apply now’ tab and fill in your details.