Business Loans for Bad Credit:
The Challenge and The Solution

Getting business loans for bad credit can be very, very challenging, especially for start-up companies or companies requiring funds to manage their business.


Sometimes, companies go through a phase of bad credit due to improper management of funds, and/or lack of proper planning.


With low credit scores, most lenders will not be willing to take the risk of providing loans to these businesses.


However, there are some private lenders that can offer business loans with bad credit to companies that can show a solid future growth potential.

How SBA Business Loans for Bad Credit 
Be Beneficial For You

Small Business Administration (SBA) loans can be a good option for business owners who are willing to start their own small enterprises and who have bad credit. Typically, small businesses that meet the eligibility criteria may be able to take advantage of business loan solutions through such government-backed agencies.


There are many advantages for such small business loans, as they can come with longer maturity periods, lower interest rates and they can be paid in installments and may require smaller down payments.


The most common SBA loans include the SBA 7(a) & Express loans that can be used to make any business, real estate and equipment-related purchases.


Small companies can use these kinds of loans to invest for their working capital needs, make business purchases, or even for the purpose of debt refinancing.

Writing a Solid Business Proposal to Get Business Loans For Bad Credit

With lacking a good credit history and previous records, most of lenders prefer to provide business loans to companies that can demonstrate positive potential for growth in the future.


The success of your company is dependent on the viability of your business proposal as much as the credit scores. It may be important to do some good market research to prove the need for your services, and also provide a clear mission statement and set business goals and objectives. In addition, in-depth financial projections may also help lenders to assess the risks associated with your business and also find out your loan repayment capacity. 


A business plan must be able to leave a lasting impression and the documents must be well-organized. Plus, it may be really helpful to have good and well-known references with a sound financial history. This can greatly increase your chances of getting approved for business loans.

Private Lenders Are The Solution To Business Loans for Bad Credit

Though there are some good options available for small companies when looking for business financing, private lenders provide a range of alternatives when it comes to business loans.


These can include unsecured loans, which may be used for any purpose, such as purchasing equipment or machinery, renting commercial space, hiring employees or meeting the working capital needs of the business.


Many private lenders also provide short term funds, including bridge loans, construction loans, business cash advances and various kinds of commercial loans. By seeking the right advice from these experienced financial professionals, you can decide upon the best kind of loan suitable for your business. 


Business Funding Advisors’ consultants, through our network of private lenders, handle all types of commercial lending, and offer a wide variety of loans suitable for all kinds of businesses. Our years of experience and expertise in commercial lending, ensures that we can provide some of the best loan solutions tailored for your business. 


Complete our unsecured business loans for poor credit application below by scrolling down to the quick loan application below. 


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


Provide us with the basic necessary information and we will verify the amount of money you're eligible for.


Don't worry: your information will always be kept private and not sold.



HERE ARE THE BASIC

DOCUMENTS WE'LL NEED:


  1. - 3 months of your most recent credit card processing statements (if you have them)

  2. - 3 months of your most recent bank statements

  3. - Copy of a voided check we will use to ACH transfer your advance to

  4. - Completed application completed and signed by owners/principals



***Additional documentation may be required for larger business funding or requested exceptions.

Restaurant-Retail Loan App

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Return to Bad Credit Business Loans from Business Loans for Bad Credit


Business loans for bad credit 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

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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

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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

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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

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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

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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

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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

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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

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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.

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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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