Bad Credit Business Loans

Your Bank Say No?

Do you require fast funding for your business but you unfortunately have bad credit? Are you looking for bad credit business loans? Smallbusinessfunding.com provides businesses with poor credit, even below 500, with funding options within days. Often times a small business owner has gone through hard times due to personal problems like a divorce or a break up with a business partner or even a natural disaster like a hurricane that caused his/her business to shut down and lose revenues. All these things can contribute to lowering one’s credit score and make life very difficult should they ever require a traditional business loan. Small Business Funding specializes in providing bad credit business loans.

Bad Credit Business Loans

Why Small Business Funding For Bad Credit Business Loans

We understand that these issues should not cause your business harm and prevent you from receiving bad credit business loans. We are associated with the nation’s top alternative lending sources. We will work for you to find you bad credit business loans you need to make payroll, expand, buy inventory, or even just to pay taxes until you are back on your feet. Small business funding sources look past a low FICO score and look at your performance as a business. That is what is taken into consideration when underwriting bad credit business loans. We find lenders that provide bad credit business loans every day. While the cost of the credit may be more than a traditional bank loan you have to take into consideration the additional risk involved. Also, these loans do not require any collateral; 100% UNSECURED. Bad credit business loan providers utilize proprietary underwriting strategies to look beyond the usual risk factors and look more at the overall business performance as well as industry type. Those businesses that process credit cards that have low average sale prices, under $25, and show dozens of transactions each day are the most sought after merchants. These type of merchants will be approved for a merchant cash advance and get funded in as little as five days or less. If they are a returning merchant looking for another loan it may be same day funding! All small business owners can repay via a daily fixed or adjustable payment Monday-Friday. These are automatic payments often called Revenue Based ACH Advances.

Bad Credit Business Loans That Are Hassle Free

Alternative lenders, like Small Business Funding, have multiple loan mechanisms to provide to our clients. Merchant cash advances, unsecured business loans, Asset based loans and even factoring. Each business if different and therefore each loan type should be different to help the business owner receive the correct financing. We work on your behalf to find the correct loan type, rate, and term. We know what lenders to work with and can expedite the entire process from your one page application, an approval response in 24 hours, and funding in days.

Traditional Bank Loan Alternative

If you’re an established business that unfortunately may have a bad credit profile your options for financing are very limited. Traditional bank loans are difficult if not impossible to secure. Banks will view your business as high risk and will turn their heads simply because your personal FICO is low. While bank loans will always provide the very best rates and terms, if you have bad credit you cannot take advantage of that type of financing unfortunately. A working capital business advance (revenue based ACH advance or working capital advance) will be your only option; but at least there is an option. Higher cost and shorter terms are to be expected with alternative business loans. These do make sense if properly used and will certainly provide fast capital to buy inventory, hire more people, advertise, expand, make payroll, etc…without hurting the most important thing for a business; Cash flow.

To see about bad credit business loans and to apply please click here