Finance A Business:
How To Get Loans, Even With Marginal Credit Scores

To finance a business venture, business owners may sometimes be faced with a challenge in finding alternative sources of financing, due to the lack of funding options. This is especially true for many businesses that have a bad credit history and are often turned down by banks and other existing lending agencies.


For those starting out on a new business, it may be even more difficult to obtain loans, and the choices may be limited. In such cases, it is better to seek assistance from private lenders who may be able to provide a wide range of funding options that may be suitable for different kinds of businesses.

How To Obtain Start-Up Loans To Finance A Business

It is important to conduct good research on different lending agencies before approaching them for a business loan.


There are plenty of private lenders in the marketplace, but trust and credibility plays a vital role in establishing long term relationships with these agencies.


It may be a good idea to gather references from friends or business associates, who may have used such services before.

Private lenders May Be Good Solution To Finance A Business

Every business has to consider some vital issues while choosing the best lenders who can guarantee them with flexible loan repayment terms and conditions, competitive interest rates, along with different funding options.


Starting out with a bad credit, or no credit history, while not great, many private lenders tend to weigh other factors during the loan application process. However, these lenders will require a sound business proposal that can assure them of good future returns in terms of high profit margins from your business.  


Most private lenders may be willing to offer merchant cash advances for a short period of time to the enterprises that can be a good funding option for start-ups and small to medium-sized businesses.

Possible Funding Options To Finance A Business With Bad Credit

There are some good options, when it comes to financing a small business or funding start-ups with limited capital:


-Micro Credit Institutions


Sometimes, it may be easier to obtain loans from micro credit institutions as compared to banks and other lending institutions. Most of these micro credit agencies are backed by SBA and typically function as non-profit groups.


They may be willing to offer assistance to start-ups and small enterprises by relating to their financial needs but may require adhering to their own guidelines.


Besides, most of these agencies have contact with lending agencies as well who may be able to offer financial assistance to small companies. 


-Equipment Leasing And Financing 


Many start-ups need to invest in different kinds of equipment, that may include machinery, tools, computers, copy machines, etc. for their business.


There are many private lenders who offer assistance to such start-ups or small businesses that need to procure equipment on flexible terms and conditions.


Thus, businesses with a bad credit history can still manage to avail of such funding assistance from these lenders to meet their specific requirements.


-Purchase Order Financing


Lots of start-up enterprises may be able to generate financial assets during their term of business operations but may still not be able to fund their working capital needs.


Hence, in such cases these assets may be used to secure financing for completion of existing orders, processing current payments or use funding for marketing purposes.


By using this option, purchase order financing or factoring the business receivables, cash-strapped enterprises may be able to find a viable option for paying suppliers upfront, using a letter of credit through lending agencies. 


NOTE:

Business owners should also looking into unsecured business loans as another financing solution.



Business Funding Advisors: Your Funding Solution


Business Funding Advisors can provide fast and quick commercial loan assistance to companies that are looking for alternative sources of funding.


We have a leading team of experts who can advise your company on the different funding options suitable for every business.


We have a wealth of experience and knowledge in commercial lending, so you can depend on us for all your commercial loan related needs. 





If you need to finance a business, small, medium or large, scroll down to our quick commercial loan application below. To apply for an unsecured business loan, go here.




QUICK COMMERCIAL LOAN APPLICATION


We provide FREE, no obligation evaluations, with no upfront costs, or expensive fees for approval to our private lender programs.


- Minimum loan amounts (for commercial building projects): $100K with no maximum.


(Loans approved for commercial only, not single-family residential projects.)


- No pre-payment penalties on programs offered.


We will respond to your loan application within 24 hours!


Commercial Loan App

Please note that all fields
followed by an asterisk
must be filled in.

Please enter the word
shown below.

  

New! Comments

Have your say about what you just read! Leave us a comment in the box below.

Return to Business Funding from Finance a Business



Finance a business solutions 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

_________________________


Contact Us


If you have a question or comment, fill out the form below. If a response is needed we will contact you within 24 - 48 business hours. Thank you.

Don't worry -- your e-mail address is totally secure.

Please note that all fields
followed by an asterisk
must be filled in.

Please enter the word
shown below.