Business Loans Bad Credit
Are you a business owner looking for business loans for bad credit?
Up to $500,000 approved typically in 3 to 5 Hours.
Funded to Business Account in 3 to 5 Business Days
- Loan amounts from $5,000 to $500,000
- No collateral is required
- Same-day approvals and fundings in under a week
- Repayment terms from 12 to 30 months
- Minimal documentation is required
- Interest-only options are available
- Up to 100% principal deferral
- Early pay-off options are available
- All loans come with an optional line of credit
- Fast access to 5 loan drafts over a 6-month period
- Repayment is not tied to credit card transactions
- The interest paid is tax deductiblePreferred Industry and Niches:
- Minimum Equifax credit score of 551 (varies by industry)
- Minimum 1 month time in business (same ownership)
- Minimum monthly sales of $17,000
- Loan amounts up to $500,000 for single entities
- Fixed terms from 12 to 24 Months
- Pay off up to 2 competitors advances/ short-term loans
Are you a business owner who needs a business loan for bad credit?
Do you need a fast business loan?
Turn down by the bank because of bad credit or the bank is just going to take too long?
If you need money in your business account in the next day to 5 days, regardless of credit, we have over 100 funding companies available to help you get funded fast. We also can help you devise a financing plan to help you get better business loans in the future
We get calls almost daily from great businesses who made the decision to get funding from someone who called them over the phone and offered quick unsecured business funding, even with bad credit.
On some of these calls, the funding sold to the business owner made cash flow worse- wrecking the business. Yes if you need unsecured business funds quickly, they will be expensive no matter where you go, but there are companies that are expensive and then they tack on application fees, markup fees and additional commissions on top of the already high commissions and fees. These companies and salespeople, max out their profit by taking advantage of your situation.
I am going to be very real.
If you need money within a few days and/or you have bad credit, you are going to pay some high rates and not have good terms.
How we are different from most lenders or funding salespeople? Our goal is to have you as a long term client.
If you are having a bump in the road, we can help you, but we also want to help your business over a long period of time. Healthy businesses consistently need financing to grow and we want to be your long term financing partner.
We have 100’s of business loan products depending on your situation, but in this video, I am going to outline a business loan that can give you funds quickly even for bad credit and pricing is fair.
Minimum Equifax credit score of 601
Minimum 24 months time in business
If your business is not a fit for this business loan product we have 100’s of lenders.
Let’s assume this loan product might not be a good option for you.
We have 100’s of other business loan and funding products depending on your situation. From Micro Loans to Real Estate to Factor Loans.
Generally your business will need an average of $15,000 a month in revenues and be in business for 3 months to get funding from one of these other business funding sources
To summarize, if you need money immediately you do not have a whole lot of great options, but what we will try to do is get you a bridge type loan option. For 60 days you may have to do an MCA or you may have to do a high rate loan.
We can then look at other options, such as sba, private long term funding etc.
if you have a 2 to 3-year business history, have real estate, or are here in the Midwest, we can often use either conventional or SBA loan. Underwriting for these loans will take 30-45-60 days to get you funded, but the terms would be good. 3.5 to 6.5% over 10 to 25 year periods.
If this sounds like a plan, you can upload with 3 months of bank statements, We can review. Within a couple hours will call back with you with your options.
When we discuss those options with you, we can also discuss a longer-term plan. You can take one of these short term options and then we will work for two or three months on bettering your credit, or with underwriting of a firm with better rates and terms.
Call (317) 589-0118
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