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.

Bad credit business loans for small business owners

There are numerous small businesses who require bad credit business loans, and we provide them with the funding they require, easily. We do however advise all small businesses to be very decided about the decision they are taking. The reason for this is simply because small businesses comprise of 99.7% of all businesses in the United States, and they make up the spine of the US economy. As a result of this we do want to ensure that as many small businesses that require the funding receive it. This is essential for the economy and also the small businesses.

Banks do not like to provide small businesses with business loans. The reason for this is because banks consider small businesses to be ‘high risk investments’. For small businesses the banks generally have very stringent qualification criteria, and due to these over 90% of all small business loan applications are rejected.

We do provide small businesses with the funding that they require very simply and easily, and our qualification criteria are completely different from those of the banks. Any small business owner can look at the criteria that we have and determine for themselves whether they qualify for the funding or not. Mentioned here are our qualification criteria.

1.       The owner of the business should not be in any form of active bankruptcy to qualify for the business funding with bad credit.

2.       The business must be at least 12 months old and it should be a running business.

3.       The gross monthly income of the business needs to be at least $10 thousand a month.

These are the very simple qualification criteria that we have, and based on these any small business owner will be able to ascertain whether they qualify or not. Also mentioned below here are the other features that make this into a stress free experience for the small business owner.

The processing time frames that we have are very quick, and typically we can provide small businesses with the funding that they require within 48 to 72 hours from the time we receive the completed application. At the most we would take a week to ten days to do the same. In addition to this the paper work that we require is also very simple, technically all we require is the last 3 months business statements and the application form. Banks on the other hand do require a lot more than this, thanks to their stringent qualification criteria. As a result the minimum time frames that one can expect from the banks is a couple of months.

In addition to this we also do not require high credit scores to provide small businesses with business loans for poor credit. The reason we are able to provide small businesses and medium sized business with bad credit scores with loans, is because this is not part of our qualification criteria. We work with businesses whose credit scores are as low as in the low to mid-500s and we do fund them.

We also do not ask for collateral as our loans are uncollateralized and unsecured loans. This is a very beneficial feature for small businesses, many of whom do not have the necessary collateral and security requirements that banks and other financial institutions require.

For more information related to the business funding bad credit contact us. Our funding team will provide you with the information you require, and assist you with the online application form. Additionally, if you would rather fill out the application form yourself, simply click on the ‘apply now’ tab and fill in your details there.