Small Business Loans Bad Credit - Get Initial Funds for Your Business


bad credit small business loans

Most small business owners are not aware that banks are not really lending bad credit small business loans anymore. The reason for this is, loans to small businesses are considered to be high risk investments from the banks perspective. Those who have applied to the bank and have been rejected do know how it is.

As a private lender we do provide loans to small businesses, and our criteria are very different from the banks. In the event a small business does apply to the bank for a small business loan, the bank has a strict set of criteria that they will not compromise with. They require a credit score that is or near 700, if the credit scores of the business applying are not good then the application will be rejected. In addition to this banks also do require collateral and security without which they will not fund.


Our criteria are mentioned here as follows; the business needs to be at least 12 months old, and active at the time of the application. The owner of the business should not be in any form of bankruptcy at the time of the application. Finally the gross monthly income of the business needs to be $10 thousand or above. These are simple criteria and most small businesses are able to qualify for the funding with our criteria.

In addition to this there are also other features that are associated with our application process that make the entire process easier and better for small businesses. We do not require high credit scores and we often work with credit scores that are in the mid-500s. Also we do not require collateral security and personal guarantees from small business owners to provide best small business loans.

The turnaround times that we have are also very quick, and we are able to provide small businesses with the funding they need in their account at the earliest in 48 to 72 hours. Banks on the other hand would take a couple of months at the least.

More information related to small business line of credit bad credit can be obtained by calling us, our funding team will assist you with the information you require. Alternatively, you can click on the ‘get started’ tab and fill in your details simply and easily.
Location: United States

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