Small Business Loans Bad Credit:
The Challenge To Find The Right Options 

If you have a dream of starting a business and need quick access to financing, then small business loans can be the perfect solution to meet your requirements.


However, it is important to know that it is not easy to secure any kind of loan these days, unless you can prove your credit worthiness to lenders.


Some private agencies today are offering unsecured loans to boost the efforts of small business enterprises, by providing them with the initial capital required to start their new business.


There are plenty of loan options available with private lenders, and some are even ready to provide small business loans with bad credit.

Small Business Loans Bad Credit: Bad Credit More Than Just Your Credit Score

Bad credit is a very common term that is used in the loan application process, but from the lender’s perspective, it encompasses many other factors, other than having a bad credit history.


Most lenders use risk assessment tools to evaluate the creditworthiness of their prospective customers. Apart from an individual's credit or payment history, they also consider other factors, including the debt to credit limit ratios, existing derogatory items and new credit as well.


However, the most important determinant here is the credit score of the individual, which helps them in calculating the amount of risk involved in making an investment in a particular business. 


Hence, a low credit score will lower your chances of obtaining loans from banks and other financial institutions. However, there are private lenders who are willing to take these factors into consideration, and as such, it is still possible to obtain business loans with bad credit these days.

Purpose Of Obtaining Small Business Loans With Bad Credit

Small business loans provide the much-needed flexibility to business owners to make such loans available, even those with a bad credit history, to help boost their business prospects.


Starting a new business requires investment in raw materials, the purchase of new equipment and/or machinery, purchasing/leasing commercial space, hiring labor and paying for their expenses.


Many small enterprises cannot support the initial costs of their business, and they require additional finances for running the company. In such times, small business loans can prove to be the best option for start-up and small enterprises and help in providing financial stability to the business.

Different Avenues To Look For Small Business Loans Bad Credit

Although it can be challenging to find the best source of financing for funding your small business, options are available for your company. It may be a good idea to approach large companies who may have an established presence in the marketplace, and who are willing to invest in smaller companies for combined business benefits.


If you have good networking skills and contacts with well-known suppliers, then they, too, might be able to give you some good leads to secure financing for your business. Many credit unions also offer special programs to help small businesses with financial assistance for their business.


In addition, micro-credit lending institutions may also offer assistance to small enterprises in helping them obtain loans. However, the best place to seek business funding may be through private investors that offer a wide range of loan options to small and upcoming enterprises with bad credit.

Apply For Small Business Loans Bad Credit Online

There are some private lenders that offer a wide range of loan products catering to both small and start-up enterprises.


With quick and fast loan approvals, they provide greater flexibility to borrowers and enable them to obtain financing with attractive terms and conditions.


Researching private lenders online can provide solid leads to reliable and well-known commercial private money lenders who can provide a range of funding options to suit your business. 


Business Funding Advisors, through our network of private lenders, offers a range of financing solutions for business owners. Contact us and speak with one of our consultants, and learn of our services.


To apply for small business loans with bad credit, scroll down to our quick loan application below. If you're interested in a merchant cash advance, go 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 Small Business Loans Bad Credit


Small business loans bad credit 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

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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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