bad credit

5 Things You Didn’t Know About Obtaining Business Loans When You Have Bad Credit

So, you unfortunately have bad credit, but you need fast funding for your business. So how do you get business loans with bad credit?

There is help available. We understand as a small business owner, life happens. You may have gone through some personal issues that has affected your credit scores. Do not despair, fast funding is available, even if your score is below 600. You have options beyond traditional loans. Learn more about the ways you can obtain loans with bad credit when traditional options are not available to you.

  1. Business loans are available to you, despite your credit scores

Don’t be frustrated simply because you don’t have the high credit scores needed for traditional loans. It may seem like an impossibility, but you can obtain money for your business despite your credit scores. Every day owners with bad credit are funded with the money they need to run their businesses. We partner with the top alternative lending institutions to get your loan complete when you need it.

  1. Several types of financing are available

Options are available for your financing needs. The most common option is merchant unsecured loans. Your business is earning money daily and you only pay a small percentage of your daily earnings. No collateral needed, no worrying about fico scores. Merchant secured loans are funded within 5 business days and are hassle free. Other types of loans are secured and asset based.

  1. You don’t need much to qualify

We look at your overall business performance and the type of industry you are doing business in. It’s easy to determine if you are a good candidate for our loans. Simply show us what you do and we’ll help with the funding you need to do even more.

  1. Your loan can be used for anything

Use your loan just as any other business would to fund the things you need to succeed. Sometimes a little bit of cash flow can bring your business a long way. Before you know it, you won’t need a bad credit loan. Just believe in your business and take it to the next level, despite your present circumstances.

  1. Why the pros outweigh the cons with bad credit loans

Though interest rates may be higher than traditional loans, your business can continue running smoothly and eventually meet the obligations needed for traditional funding. Just because your circumstances are where they are now, does not mean you need to give up your business dreams. It makes sense to let Financing Your Way help you get to the next level in your business despite your credit scores.