How to get a loan with below average credit scores?

There are many small businesses that require loans periodically, and we provide bad credit business loans. The banks are not in favor of funding small businesses and even if they do they require a good credit score as one of their primary criteria. As a result of this, those whose credit scores are damaged, have no chance of being approved by the banks.

Banks require a lot of criteria from businesses who are applying for business loans, and they are not in favor of funding small businesses as these are considered to be high risk investments. Funding Easily on the other hand does provide funding to small businesses, as our criteria are completely different from those of the banks.

Our criteria to provide you with a bad credit small business loans are as follows; the minimum age of the business should be at least 12 months old, and it should be a running business. The owner of the business should not be in active bankruptcy at the time of the loan application.

These are simple and practical criteria that we have, that are completely different from the criteria of banks. The other requirements that are have to provide business funding bad credit are as follows; we do not require excellent credit scores, and often work with credit scores that are in their mid-500s. We are able to do this because we do not judge the risk factors of the business based on credit, but on the criteria we have.

Banks on the other hand require credit scores that are excellent or around about 700 and over, anything less than that and the bank will reject that application. This is one reason why banks end up rejecting 90% of all the applications they receive.

In addition to this we do not require collateral and security as well, when we provide funding. This is something that banks will never do as it goes against their policies.

Contact us for more information related to business funding with bad credit and our funding team will assist you with the information you require and help you fill in the application. Alternatively, you can click on the ‘get started’ tab and fill in the basic online application.