Bad Credit Business Loans:
Where To Find Financing When Banks Won't Lend


Bad credit business loans are seen as a last hope for financing a business with poor credit, or no business credit history. Although not totally true (there are other options, which will be explained later), many business owners all over the country face poor prospects for financing their ventures, because of a blemished credit history.


Banks, these days, are making fewer loans to small businesses. Those with bad credit scores face even more dire prospects when it comes to bank financing. Besides good credit, banks want to see collateral to cover the amount of the loan. They also want to see detailed financial reporting, as well as a solid business plan.


Obtaining Bad Credit Business Loans

Besides looking at business credit scores, banks also consider your personal credit history when trying to get a business loan.


If your credit report shows any negative items: late payments, chargeoffs, a high debt to income ratio, and certainly bankruptcies, its highly unlikely you'll get approved for a business loan.


Banks also want to see some form of collateral that at least equals the loan amount you're requesting for security. They may also ask for a personal guarantee; that should you default, they can go after your valuable personal assets, like your home.


Some Options For Getting A
Bad Credit Business Loan


Because of the difficulty getting a business loan via the traditional channels, many seek out private lenders for funding. There are a number of advantages going this route. Private lenders tend to look at a number of factors, and although they may consider credit, they place less importance on one's credit score or history.


Other factors, like the value of the property or other real assets, as well as the positive cash flow of a business, can garner an approval from a private investor, whereas a bank would likely turn down this bad credit business loan.


Private funds aren't regulated by the FDIC. Theefore, they're able to make their own underwriting decisions, based upon their own guidelines.


In today's more restrictive credit environment, private investors are moving more aggressively into this arena, approving bad credit business loans that are denied by traditional lenders in untapped markets.


Business Cash Advances and Unsecured Business Loans:  Viable Solutions For Bad Credit Business Loans

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For many businesses with bad credit, one feasible option and solution are business cash advances and working capital loans.


Also called merchant cash advances, these are made available to a business, not heavily based on their credit score, but on its credit card receivables, or monthly cash flow, for businesses that don't process much or any credit card volume.


These revenue-based lenders are an avenue for funding when banks say no.


Other factors include the length of time in business, and a history of processing credit cards (usually a minimum of 60 days or so).


The application process is usually very simple and quick, and approval to funding can take place in mere days, rather than several weeks.


Payments back to the lender are a daily agreed-upon percentage of credit card receipts or cash flow, and are automatically deducted back directly to the business cash advance provider.


Another option to consider are unsecured business loans. Some private lenders take other factors, not just credit, into consideration when weighing a loan application.


The length of time in business, as well as amount of positive cash flow, along with other factors, can boost the chances for getting approved for a business loan.







Learn more about:


-small business loans bad credit

-poor credit small business loan

-business loans with bad credit



-business loans for bad credit

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If you need a bad credit business loan for your company, fill out our quick form below. We will contact you within 24 hours.



Get Approved TODAY for:



 - merchant cash advances


- working capital loans


- business micro loans


-invoice and purchase order 
 financing 


- women and minority-owned   
  businesses


unsecured business loans 


- bad/poor credit business loans


- loans for restaurants/bars,

  convenience stores/gas

  stations, salons, retail, etc.




Merchant Cash Advance Highlights:


- Bank ACH or credit cards


- 90% Approval rate  (for most industries)


- No collateral/security

  requirements; Bad credit is OK


- Funding usually within 3-5 days


- Get approved for $5K-$500K in as 
  little as
 24 hrs!


- Fast approvals with

  minimum paperwork


- Streamlined underwriting


- No personal collateral or

  assets to pledge


- No upfront fees or closing costs


- Available in all 50 states




Working Capital Loan Highlights:


- Bank ACH


- 90% Approval rate 
   (for most industries)


- Fast approvals in 24 hrs


- No collateral/security

  requirements; 


- Bad credit is OK


- Get approved for $5K-$500K (or

   more) in as little as 24 hrs!


- Minimum paperwork required to

  get approved and funded


- Fixed payments (daily, weekly or monthly)


- No upfront fees or closing costs


- Available in all 50 states


- Build/restore business credit




Requirements (for either program):



- Minimum 4 months in business


- Minimum $100K Gross Annual Sales


- No open bankruptcies, liens or judgments (unless can show documented payment plans)



Complete our quick online application and we will contact you within 24 hours.


Don't worry: your information will always be kept private and never sold.


Merchant Cash Advance and Working Capital Loans

available in the United States ONLY.


Merchant Cash Advance -
Working Capital Loan Quick App

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Return Home from Bad Credit Business Loans


Bad credit business loans are available in:


Merchant Cash Advance and

Working Capital Loan Programs

are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


Commercial loans are available in:


Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware,

 Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming


COMMERCIAL LOAN PROGRAM HIGHLIGHTS


Commercial Real Estate Programs

· Lending Area: Nationwide & International


· Loan Size: $100,000-no maximum


· Rates as low as 3.74%

· up to 90% LTV


APPLY HERE

______________________


Commercial Development & Construction Loans

· National & International


· $2MM-$50MM


· Interest Rate: 5-9% Fixed (1% for churches)


· Amortization: up to 25 years


· Zero fees


· Points: Up to 3%, paid at closing


· Term: 5 yrs; also can structure a construction to permanent loan with interest only during draw down periods.


APPLY HERE

___________________


Hard Money Loans Rates and Criteria:

· Loan Size: $100K-$100MM


· Lending Area: National & International


· Collateral: We lend to mainly on commercial real estate, including raw land and development projects


· Interest Rates: 7-14% (rates depend on collateral)


· Amortization: Interest only


· LTV: Up to 80%

· Origination Fee: 1-4%

· Closing time: 1 week to 30 Days


APPLY HERE

___________________


Bridge Loans

· Loan Size: $1MM-$15MM


· LTV: Up to 75%


· Rate: 5-7%


· Term: 1-3 years, Interest Only


· Property Types: Office, Retail, Industrial, Multi-Family, Manufactured Housing, Condominiums, Self Storage, Special Use, Hospitality, Assisted Living/Congregate


APPLY HERE

___________________


Unsecured Business Lines of Credit

· $25,000-$100,000 (start up businesses with no established revenue and business owner with good credit)


· $100,000-$500,000 (established businesses w/ revenue of $1MM or more; no collateral if good credit and financials)


· 0% intro rates on business credit card solutions, to 1-5% over prime for large credit lines.


· No "subprime" unsecured lines


APPLY HERE

___________________


Click Here To Apply for A Business Cash Advance or Working Capital Loan


Bank ACH or Credit Cards


90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

___________________


Restaurant-Retail, 
Small Business Loan Program


  • · Unsecured Loans up to $1,000,000 per location

  • · No Collateral Required

  • · Minimum Annual Sales: $150,000

  • · Minimum: 550 FICO

  • · Must be in business at least 1 month to document sales

  • · Loan amounts below $150,000 require NO tax returns or financial statements


APPLY HERE

_________________


Customer Finance Programs for Businesses

· Can finance your customers down to a 500 FICO;

can finance your turndowns from your current credit provider


· Instant online credit processing and approval


· E-signature capabilities


· Can purchase or collect bad debt portfolios


· Industries include: Medical, Dental, Jewelry Retail, Furniture, Memberships, Private school tuition, Security/Alarms, Vocational Schools, Travel, etc.


APPLY HERE

________________


Click Here to Apply for

A Private Lender Commercial Loan


- Zero upfront costs, zero fees for approval to our programs.


- Minimum loan amounts: $100K for commercial building projects, with no maximums.


- No pre-payment penalties on programs offered.

_________________


Click Here To Apply for A Merchant Cash Advance or Working Capital Loan


- Bank ACH or Credit Cards


- 90% Approval Rates (for most industries)


- Minimum 4 months in business and $8,000 avg. monthly revenue


- No Collateral Requirements; Bad credit is OK


- One Week Funding


- Borrow $5K-$500K in as little as 24 hrs


- Short, simple loan process


- Streamlined underwriting

_________________________


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