We provide unsecured bad credit small business loans

Numerous small businesses require bad credit small business loans and we provide them with those very quickly and the process is hassle free. The average amount of funding ranges from $15 thousand to $25 thousand and there are larger requirements that exceed $100 thousand as well. We fund them all, and our only requirement to small business owners at the time of the funding is to ensure that all who apply are ‘decided’ about the funding.

Banks do not want to fund small businesses any more, as they consider them to be ‘high risk investments’, and as a result have qualification criteria that over 90% of all small businesses fail to meet.

We do provide small businesses with the poor credit small business loans because small businesses make up 99.7% of all businesses in the US. Our qualification criteria are completely different from those of the banks, and are mentioned below here. Any small business owner can ascertain for themselves by looking at our criteria whether they qualify for the funding or not.

1.       The business should be over 12 months old

2.       The owner of the business should not be in bankruptcy

3.       The business should be a running business

4.       The business should be grossing at least $10 thousand a month

These are the criteria that we have, and typically most small businesses do qualify for the funding. Additionally there are also other benefits that are due to the easy qualification criteria that we have which are mentioned below.

The processing time frames that we have to provide the small business loans no credit check are very quick, and this is because we do not require a lot of paper work. All we require is 3 months business statements and the application form duly filled out. At the quickest we can provide a small business with the funding within 48 to 72 hours, or generally within a week. Banks on the other hand due to their stringent qualification criteria do require over a couple of months to go through the mountain of paper work.

Collateral is something else that we don’t require because our funding is unsecured and we make no mention of collateral in our qualification criteria. Banks and other financial institutions do require collateral and the value of the collateral needs to be at least double the value of the funding.

We do not ask for high credit scores either to provide small business loans for poor credit and this is due to the fact that our funding is not based on credit scores. We often work with credit scores that are below average and in the low to mid 500s and we do fund them. Banks on the other hand again do require high credit scores to fund, and are generally looking for scores that are in excess of 700 at least.

Additional information about the bad credit business loans can be gathered by contacting us. Our customer service team is available during regular work hours all week, and will assist you with the application process. Alternatively, if you wish to fill the application form yourself, click on the ‘apply now’ tab and fill in your details there.