A business burdened with bad credit history will have a difficult time attaining a business loan. The reasons are many. An initial loan is helpful in starting a new business, but the problems begin with maintaining and growing the business. This stage of a business requires working capital and additional funding to sustain it and these may not be readily available. Also new business owners neglect to pay of fixed loan payments on time at the start of their businesses which lead to debt accumulation. Also, apart from review business credit, banks also look at personal credit which, if bad, will further reduce the chances of a loan being approved.
How to get business loans with bad credit
Secured Money Solutions offers businesses to obtain financing with bad credit is business cash advances. Our merchant cash advance offering will allow you many advantages, which include:
· No need for bad credit history checks – repayment is extracted from your future sales revenues
· No collateral required
· Flexible repayment schedule
· Swift allocation of funds in your bank
We provide a bulk amount of cash and repayment is made by the delegation of a small part of future revenue which the business will make. Our flexible terms allow for a decrease of repayment amounts per revenue if sales are low, due to a slow economy. All a business needs to show is that it has been in operation since 3 months. Our loan giving process is simple and very quick via our online application system. Once you have applied, we will respond promptly to discuss the financing options available for your business.
Apply now by calling us or filling out our simple, online form.