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