Small Business Loans Bad Credit
There are numerous small businesses that
are looking for bad credit small business loans and we provide them with these easily and quickly
as well. The majority of small businesses are looking for funding in the range
of $15 thousand to $25 thousand, however there are some that require $100
thousand and over that amount as well. We fund them all, and our only real
requirement is that the business owner be ‘decided’ about the funding before
applying.
Banks do not fund small businesses because they
find them ‘too risky’ to fund. As a result they have stringent qualification
criteria that most small businesses cannot meet, and over 90% of all loan
applications are rejected as a result.
We provide small businesses with the funding they
require, because small businesses make up 99.7% of all businesses in the US.
The qualification criteria that we have is also very reasonable and practical
for small business owners, and mentioned below here are the qualification
criteria that we have.
Our qualification criteria;
1.
The owner of the business should not be in
personal bankruptcy
2.
The business should be at least 12 months old
3.
The business gross needs to be at least $10
thousand or over that amount
4.
The business should be a running business.
These are the basic qualification criteria
that we have, and as a result of these simple qualification criteria the entire
process for businesses becomes simple and quick. Also by looking at these
criteria any small business owner will be able to ascertain for themselves
whether they qualify for the funding or not.
The credit scores of the business do not
matter to us to provide small business
loans for poor credit, as these are the not a part
of our qualification criteria. Banks do require high credit scores in the 700s
or near there, we on the other hand work with businesses whose credit scores
are in the low to mid 500s and we fund them.
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