Bad Credit Small Business Loans

Banks do create a fuss if the credit scores of the small business is not above average, typically they would prefer the credit scores to be above average and even above the 700s range if possible. With us a small business owner does not need to ask themselves bad credit small business loans. Our criteria are different, easy and practical to meet, and are mentioned below here as mentioned;

1.       The owner of the business must not be in any kind of active bankruptcy at the time of the loan application.

2.       The gross income of the business must be at least $10 thousand a month, or over that amount.

3.       The business needs to be at least 12 months old at the time of the loan application.

With these easy criteria, almost any small business owner can apply for and qualify for the small business loans bad credit. Banks do not provide loans to small businesses with poor credit scores, and generally prefer the credit scores to be above average, and near about the 700s range, if possible.

We do not require a high credit score, and even work with businesses whose credit scores are below average, and even in the mid-500s. Typically, considering our funding is based on bad credit business loans, we check the risk factors related to funding based on the simple qualification criteria that we have.

There are other features as well that make the entire process of applying for a small business loan convenient and easy for small business owners. These are related to the fact that our loans are uncollateralized loans. We do not require or ask for collateral, security and personal guarantees when we provide you with business funding with bad credit.

There are yet more features that really go on to make applying for business funding bad credit businesses easy and user friendly. For example our processing time frames are exceptionally fast, and at the quickest we will be able to provide you with the funding you require in 48 to 72 hours. According to our normal time frames, we will be able to provide you with the funding you require in about one working week. Banks on the other hand are in no rush to provide anyone with cash on an ‘as soon as possible’ basis.

For more information related to business loans contact us. Our funding team will assist you with the application and also with the information you require. Additionally, you can fill in the application form online yourself by clicking on the ‘get started’ tab.