Business Loans with Bad Credit: Choosing The Best Financing Option

Is it possible to get business loans with bad credit? It is definitely a challenging task for business owners to run their companies profitably in these times, when they are exposed to lot of market risks and uncertainties.


In addition to managing their business, owners need to maintain adequate capital to run their operations with greater efficiency.


At times, the working capital requirements may exceed the limit and managing the bills may itself become a serious concern.


In such times, it is worth considering business loans with bad credit from lending agencies.


Business Loans with Bad Credit: 
Meeting All Your Financing Needs

Typically, a working capital loan can prove to be a good source of business funding for companies with short term loan requirements. The approval rates on such loans are quite high, and even with lower credit scores, it is possible to get approved for these kinds of loans for your business.


It can help companies to repay their creditors and manage their business cycles with maximum efficiency by avoiding delays and interruptions. Many private lending agencies may be more willing to finance companies that have a future potential of generating high profits. 


At the same time, some lenders also offer ACH loans that may suitable for businesses that don't accept or process credit cards. This means that companies decide to sell a portion of their future gross receipts to the lender at a predetermined percentage.


Thus, companies can apply for business cash advances, by making payments through their business checking account. This provides greater flexibility to smaller, or indeed, any companies that do not process credit card transactions in their business.

Business Loans with Bad Credit from Private Investors

Some direct money lenders tend to not advertise their services, rather preferring to work with consultants who reach out to potential customers. Typically, these consultants are actively involved in advertising to business owners and finding the right type of loan prospects for their business.


With growing competition in this business, private lenders find it preferable to approach their customers via consultants. Hence, companies that require funding assistance can obtain business loans with poor credit. 


These 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.

Quick and Affordable Business Loans with Bad Credit from Direct Lenders

Direct private lending agencies can provide fast and quick lending assistance, and without charging exorbitant additional fees. it can be a safe and reliable approach for seeking loan assistance through private agencies. As a result, it may be possible for borrowers to have greater access to a large number of loan programs offered by these agencies. 


Depending on the nature and your type of business, you can take advantage of business loans with poor credit from these lenders on flexible terms and conditions. 


Business Funding Advisors offers commercial loans from private investors to small, medium and large-sized companies, start-ups and all other kinds of enterprises. We offer a range of financing options, including bridge loans, merchant cash advances, construction loans, equipment financing, etc. at competitive interest rates. 


To apply for business loans with poor credit, scroll down to our quick loan application below. Merchant account applicants should apply here.


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 With Bad Credit


Business loans with 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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