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.

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.

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.