For small business owners who are looking
for the easiest way to get a business loan with bad credit, we have the
solution. We provide unsecured business funding to small businesses without much trouble. Banks on the other hand
make the process hard because they have a strict set of criteria, also because
they consider small businesses to be a high risk investment. As a result banks
end up rejecting over 90% of all business loan applications they receive.
Normally, it is not difficult to get a best unsecured business loans with a
private financer. Mentioned here are the criteria that we have to provide
businesses with the unsecured business that they require. The first criteria
is the business owner should not be in any form of bankruptcy at the time of
the loan application. The second criteria is the business should be at least 12
months old and running at the time of the loan application. Finally, the gross
income of the business needs to be at least $10 thousand every month.
In addition to this there are also other
features that are associated with the funding process that make it simpler. We
do not require high credit scores to provide businesses with funding, and often
work with businesses whose credit scores are less than average, or in the
mid-500s. Banks on the other hand will not provide a business with fast unsecured business loans if the
credit scores are not above average or what will be called excellent
credit.
Also we do not require collateral or
security to provide small businesses with financing, as banks do require. The
reason we do not require this is because in most cases small business owners
are not able to provide collateral as required by the bank.
Contact us for more information related to unsecured business loans bad credit,
our funding team will provide you with the information you require.
Alternatively, you can also click on the ‘get started’ tab and fill in the loan
application yourself.
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