Business Loans for business owners with bad credit

October 1st, 2019 by

Where to get a Small-Business loan with bad credit?

Bad credit to most business loan lenders is a borrower with a FICO score of 625 or less. Borrowers with low credit scores are considered high-risk borrowers, which explains why traditional lenders reject so many business loan applications. Luckily small business loans offered through companies like are not credit score sensitive.

Bad credit business loans available in 2019

  • Small business loans
  • Working capital loans
  • Merchant cash advances
  • Short term business loans
  • Invoice financing
  • Purchase Order financing

Best business loans for bad credit, 525+ FICO score

If you are looking for a loan between $5,000 and $500,000 to expand your business, consolidate business debt, refinance existing debt, and other general purposes, can help.
Small business loans for bad credit are based on the health of your business. Thus, your credit score isn’t the primary factor in getting approved for a small business loan.
Traditional lenders that work with small business owners are very conservative with strict guidelines. Alternative small business loan lenders have flexible guidelines that allow them to focus on the revenue generated and expected future cash flow.
Alternative business loans get approved with only 3 months of bank statements, making these loans a go-to source for access to immediate cash.

How do you get approved for a business loan with bad credit?

Just because you have a few blemishes on your credit history, it doesn’t mean your business isn’t thriving.
Find a financing company that offers business loans for business owners with poor or bad credit. is an excellent option for these loans. When you complete the request, be sure to have 3 months of bank statements and a copy of your government-issued id ready to send out to your loan adviser. Yes, it’s that simple, and that’s all that you’ll need.


Best alternatives to business loans for bad credit

The best alternative is a business line of credit. Business lines of credit normally have favorable rates to business loans and are easy to use. If you don’t have an open business line of credit, get creative. 

One option is to see if your credit cards are offering promotional rates. The zero-interest checks and zero balance transfers are ideal.

The other options are invoice financing and purchase order financing. These loans are available if you have invoices that you expect to get paid on, or if you have purchase orders.  

Neither loan requires a monthly payment as long as your client or vendor pays their invoices on time. Unlike business loans for bad credit, these loans are not based on your credit, which could translate into a low-cost alternative. 

Required time in business is less than one year!

Yes, you read that correctly! Business loans for bad credit offered through only require a business to be in business for six months. If you have at least $10,000 per month in revenue, you have an excellent chance of getting approved for a small business loan. 

Home-based incorporated businesses are OK. 

In conclusion

Business financing for business owners with a 525 and higher credit is available. To see what your options are, request a business loan today and you could have the funds in as little as two working days. 

If you don’t know what to do or have questions, schedule a call with a business loan adviser to review your options. This is a complimentary service offered by

Build Business Credit with Bad Personal Credit

Build Business Credit with a Bad Personal Credit

August 24th, 2019 by

Business loans for bad credit don’t require excellent personal credit. You can get a business loan with a fico score in the 520 range. Working capital loans, merchant cash advances, and business are about the health of your business, not your credit score. work with a number of lenders that specialize in catering to entrepreneurs looking for business loans with bad credit.

Business loans for new business

Fortunately for entrepreneurs, there are alternative business loans available. Alternative business loans fund fast and require minimum documentation. The quick process and little documentation required makes these loans an excellent alternative to business loans from traditional sources.

Minimum requirements for alternative business loans are:

  • At least 6 months in business
  • 3 months bank statements
  • A minimum deposit of $7,500 per month

Although credit decisions and risk assessments for alternative business loans aren’t solely based on the borrower’s credit score, it still plays a major role in establishing a borrower profile. A borrower can have a low credit score, but a strong credit history documented by on-time payments.

Improve your bad credit with a business loan

Instead of continually maxing out your credit cards, consider getting a business line of credit or a quick business loan for bad credit.
The high debt to credit ratio causes your credit score to drop, which makes everything more expensive. A business loan for bad credit will most likely have the same rate as a maxed-out credit card.
The benefits of getting a business loan and keeping your credit card balances low include improved credit scores, qualifying for better business loans, auto loans, and mortgages, which will ultimately put you in a better position.

Appear as a stronger borrower

#1 improve your credit profile

Minimize your expenditures, this is the simplest start to improving your credit profile. Lenders will look at your overall obligations, and the less they see, the more they like you.
Budget accordingly, put off unnecessary purchases, and pay-off all small debt that shows on your credit report before requesting a business loan. Keep in mind, doing this will improve your credit, but more importantly, it strengthens your profile, which could turn into a lower interest rate business loan. To see what your best course of action is, start a loan with Business loans through have competitive rates and flexible guidelines for loans up to $500,000.

#2 separate yourself from the business

I recommend using a business card for all business-related expenses. Pay business expenses through the business accounts, even if you are taking money from your personal account to pay the bills. Treat it as a loan to the business.
Lenders like responsible borrowers. It might not look like much on paper, but underwriters are usually biased towards borrowers that are organized and responsible.
If you are ready to see what you qualify for, request a no cost, no obligation loan.


Get The Best Business Loans For 2019

August 21st, 2019 by

Business loans and working capital loans are excellent for any small to medium size business in need of quick money for operational expenses, payroll, and recurring bills.

Get the best rates for business loans

Banks and traditional financial institutions offer the best interest rates on business loans and working capital loans. The problem is that they are conservative, have strict guidelines, and require full documentation of business financials.

If you are short on time and need access to a business loan fast, you should work with a company like Business loans offered by partners, affiliates, and lending partners are fast and straightforward.
Underwriting can provide a decision within hours, and the loan can fund in as little as two working days. Another great advantage of online lenders is the minimum required documentation.

Required documentation for online business loans

  • 3-months bank statements
  • A copy of your driver’s license
  • A copy of a voided check
  • The applicant must own 51% or more of the company
  • A home-based business must be incorporated
  • A credit score in the low 500’s is OK


The best place to get a fast business loan

There are a lot of useful websites you can visit to inquire about business loans. It comes down to what you are comfortable with, and the level of personal attention you are looking for from the company you choose.

I don’t like sites that ask a few questions to display generic rates and fees from multiple lenders. There is no way to know if I would qualify for any of them. Some lenders require large monthly deposits, time in business, frown upon bankruptcies, and other factors that I wouldn’t know about by merely looking at generic rates.
I prefer to complete one form and receive quotes that I qualify for based on the information I’ve provided.

The business loans you can request on are excellent because a borrower completes one form, and they’ll do everything from there. The request is reviewed by multiple investors that offer loans to borrowers with your credit profile. The lending partners and affiliates works with only require a soft credit check, which protects your credit score. Thus, having multiple sources look at the file will not lower your credit score. Let’s get started
If the underwriters can’t process the loan with a soft credit check, the request will be shared with a business loan partners that run a hard credit check.

Working capital loans to grow your business

If you are about to expand your business and need immediate access to money for your business, a business loan will provide quick access to
Depending on what you are doing and how you plan to expand, equipment financing is an option that’s well worth considering if you are buying new equipment. Learn more

Financial products for small businesses

Business loans, any loan given to a company for business use without restrictions. It can be used to renovate, major purchase, payroll, and all other expenses a business may have.
Business lines of credit, think of this as money on demand. You’ll be approved for a specific amount which will is your business line of credit limit, and you can access it at any time.
Working capital loans are money for business use. Generally used for paying outstanding invoices, emergency repairs, covering shortages for seasonal operations, and keeping a business afloat.
Merchant cash advances are not loans but work like loans. A business owner will receive a lump sum of cash today based on projected future sales. The future revenue of a business is calculated by reviewing last three months of bank statements. They are not considered loans, because the repayment is based on a percentage of daily or weekly sales. If the sales go down, it will take longer to repay the debt and no additional costs.
Equipment financing is offered as a fixed term loan or a lease with a buyout value at the end of the contract. Since the equipment secures the loan or lease, you will receive favorable terms.

Business loans vs. P.O. financing

Every business in the B2B space will experience a cash shortage at some point. Some small businesses will experience shortages because of unpaid invoices by their clients.
A company in need of quick access to a business loan, can get a loan today in exchange for their outstanding invoices. This is known as a purchase order financing.
A loan is based on what you’ve collected in the past, not what you expect to receive. Thus, it is a bit riskier for the lenders and may carry a higher interest rate.
You can’t say one better than the other; they are just different. With business loans, you only complete 1 form and they’ll check for the best options available. The same request is used for processing business loans, business lines of credit, MCA (merchant cash advances), equipment financing, working capital, and more. Learn more

Need a loan

How to Avoid Suspicious Lenders When Applying for Loans Online

August 3rd, 2019 by

As the internet continues to grow and dominate our way of life, so do the odds that you get involved with a personal loan scam. There are countless scammers out there who are hoping to capitalize on unsuspecting individuals looking to apply for a loan online. While easily identifying scams can be easier said than done, there are some warning signs that are usually indicative of a phony lender. Learn how to spot suspicious lenders before you get involved in a scam that could end up causing serious damage to you and your credit rating.

Credit Check Is a Must

Often, scammers will advertise that their loan application process doesn’t involve a credit check, hoping to appeal to individuals who have low credit scores. You ought to know that a legitimate lender will always do a credit check before taking approving a loan or taking any further steps beyond the application. Your credit score indicates how responsible of a consumer you are, and will let the lender know if you can be trusted to repay the loan in a timely manner. Don’t fall for advertisements that claim credit checks aren’t required, as it’s most likely a scam.

Sift Out the Spam

If lenders are reaching out to you via phone unsolicited, you shouldn’t pay them much attention. Spammers can send out millions of calls to people all over the world, just waiting for someone to take their bait. Who you work with throughout the loan application process should be up to you, so never respond to calls or emails from so-called lenders unless you recognize the name and know they can be trusted.

Be Wary of Up-Front Fees

A major indicator of whether a lender is legitimate or not, has to do with asking for up-front fees. Almost all legitimate lenders will not ask for any up-front fees, unless you’re applying for a commercial loan or have 3rd party fees that must be paid such as an appraisal on a mortgage loan. Scammers will prey on those who fail to catch on to their scheme and continue to ask for fees without providing any sort of service. If you’re asked to pay a fee up-front for your personal loan, your best bet is to take your business elsewhere. Remember these tips when searching for the best online personal loan.

How to Get a Business Loan in a Few Steps

How to Get a Business Loan in Just a Few Steps

August 1st, 2019 by

Access to sufficient business financing is an essential part of starting and maintaining a successful business.

How do we determine what is sufficient and what is not? Unfortunately, there is no simple formula for calculating the exact amount of money a business will require.
The only proven strategy is to estimate known expenses. For example, the number of employees required and expected salaries, rent, insurance, and everything else, including hardware that you know is necessary for the day to day operations.

As a rule of thumb, I add 10% to this figure for the unknown and unforeseen expenses that may catch you by surprise. Once you’ve come up with a number, you either have the cash or need to get the cash somehow. If you have it, great; but what if you don’t?
Fortunately, there are financing programs for start-ups that you can apply for. Do your research and be prepared to go through the stringent small business loan approval process if you decide to proceed with an SBA loan.

If you’ve been in business for more than six months and need access to funds very quickly, alternative business loans are a great option. Business loans offered through can fund in as little as two working days and only require three months bank statements for approval.

Here are 4 easy steps you should take before accepting a loan

1. Think about why you need a business loan

Lenders will undoubtedly put this question before you. Do you need start-up capital, have business expenses that require immediate attention, or do you need the security cushion for the unexpected?
Is your business brand new, or have you been in business for a while? If you’ve been in business for a year and you need a sense of security, a business line of credit like the ones offered by could be a great choice.

If you’ve been in business for more than six months and need immediate access to money for business expenses, business loans and working capital loans are a great choice.
Easy to qualify for business loans offered through are quick and straightforward. It only takes a few minutes to complete the form, and the business loan can fund in as little as two working days.
Perfect credit is not required, and some borrowers may qualify with a fico score of 520. The only documents needed are three months of bank statements and a copy of your drivers’ license. Get started with a business loan

2. Decide on the type of a loan you need

The financing you apply for has to be in line with your purpose for seeking a business loan. For example, if you need the money for a one-time nonrecurring expense, a business loan is what you must consider.
If you intend to use the cash at some point in the future and plan on paying it back quickly, go for a business line of credit.

If you are starting a new business, you look into an SBA program. Make sure you have a professional business plan and all your documents ready to go before applying for an SBA loan.
If the SBA loan doesn’t work out, consider using a low-interest credit card to get you through the early stages of your business.

3. Look for a lender whose criteria’s you meet

A small business loan can be obtained from various places such as banks, private lenders, and online lenders.

Once you decide which lender you are most comfortable with, go ahead and take a look at their qualification criteria’s and apply with the one that suits you the best.
Banks are generally a good option if you have excellent credit, collateral, and time for a lengthy approval process.

If you don’t have perfect credit, current tax fillings, and all the other stuff traditional lenders are looking for, try an online lender.
They have more flexible guidelines at competitive rates. For example, you can request a loan up to $500,000 in just minutes on Their lending partners and lending network accepts borrowers with low fico scores, bankruptcies, NSF charges, and require minimal paperwork. Business loans are offered to businesses in 750+ industries.

4. Get organized and apply

Once you know what you want and what you qualify for, get all your documents organized and get started. Good Luck!

Small Business Financing

Small Business Loans

July 15th, 2019 by

The right business loan can be the difference between survival and success. 

The most challenging aspect of successfully operating, expanding and managing a small business is financial planning and budgeting. Regardless of how conservative or aggressive you are, occasionally you’ll find your small business in a bind and short on cash.
You could be short and in need of a fast business loan to expand and grow, or you could be short on payroll. Either way, non-bank online business loans are designed to meet all your business needs under most circumstances even if you have bad credit (fico as low as 550).

The question is how do you get access to fast business loans?

You have a couple of options;
A. Approach friends and family for a loan (I don’t recommend this).
B. Look for a partner.
C. Start looking for investors or do it the easy way, request a fast business loan online. Let’s get started

How to get a fast business loan online?

How you go about getting a fast business loan online is critical. Working with a trusted and reputable business loan lender like the ones works with will significantly improve your chances of qualifying for the best business loans online.
Most traditional lenders have very strict lending guidelines. At, all lenders and lending partners meet the professional standards required by
The lender’s in the network offer very competitive rates with flexible guidelines. Business owner’s with bad credit can qualify for business financing.


Before applying for a business loan, you have to review your credit, business credit, and tax filings to see how strong of a borrower you are.
If you have excellent credit (both personal and business) and show substantial income on your tax returns, you can apply for a business loan through traditional lenders like banks and credit unions.
However, if you have blemishes on your credit, or don’t show much of a profit on your tax returns, you have to consider other options such as online business loan lenders.
Online business loans can be more expensive, but they are fast and convenient.
Fast business loans online, can fund in as little as 2 working days and are not credit sensitive. Request a business loan with only a few clicks on
Forms are quick and simple to complete. One loan request will be reviewed by multiple lenders in our network for the best rate and program available. All Credit checks start with a soft pull which won’t affect credit ratings.
Required documents for fast business loan approvals on are 3 bank statements and a copy of your driver’s license.


All traditional lenders require certain documents. The commonly requested documents are bank statements, tax returns, business license, rental agreements, and other documents required to determine your creditworthiness.
I recommend having all these documents organized and ready to go before applying for a loan with a traditional lender. If you request a loan through, only 3 bank statements and copy of driver’s license will be required for loans under $150,000.
To help with the process, an agent will call you immediately to review your request and explain the documents.


If you are asked for business plans and projections of estimated future growth, be sure to deliver everything professionally. Ultimately, you have to be sure the underwriter clearly understands what you are trying to do.

Start your business loan request, 3-minute form No Obligations

Basics of Getting a Business Loan

Basics of Getting a Business Loan

July 13th, 2019 by


Running a small business has many difficulties. Perhaps the most challenging aspect of successfully operating and managing a small business is the financing aspects it.
Occasionally, you may find your business in a bind and short on cash. Or you may be presented with opportunities that could help expand and grow your market share; all of which require business capital to take advantage of.

The million-dollar question is how do you get a fast business loan online? You can approach friends and family for a loan (I don’t recommend this). Put your business out there and look for an investor/partner who can bring cash to the table; or do it the easy way, apply for a business loan or a business line of credit online.

Basics of Getting a Business Loan

How you go about getting a business loan is critical. I suggest you think out of the box and take advantage of the modern tools available to borrowers. Working with business loan providers like the ones works with, will significantly improve your chances of qualifying and getting approved.
Most traditional lenders have very strict lending guidelines, but the lenders and lending partners accept all credit types and offer competitive rates with flexible guidelines.


Before applying for a loan, you have to review your credit, business credit and tax filings to see how strong of a borrower you are. If you have excellent credit (both personal and business) and show a substantial income on your tax returns, you can apply for a loan the traditional way by going to your local bank. However, if you have any blemishes on your credit or don’t show much of a net profit on your tax returns, you have to consider other options.
The other options are not necessarily worse or more expensive, they are just a new way of doing things. For example, you can request a loan up to $500,000 with a couple of clicks on They have a much quicker process, more flexible guidelines, and will require much fewer documents. If approved you will receive competitive offers for business lines of credit and business loans.


All lenders will require certain documents such as bank statements, tax returns, business licenses, rental agreements and other documents required to determine your creditworthiness as a borrower.
I recommend having all these documents organized and ready to submit before applying for a loan. If you request a loan through, an agent will call you to review your request and the required documents. Having 3 months of bank statements, a copy of your driver’s license will expedite the process.



If you work with a traditional lender and are asked for business plans, projections, and estimates of future growth, be sure to deliver everything in a professional manner. Visual presentations with charts and graphs are great. Remember you have to make sure the underwriter clearly understands what you are trying to do and why it’s a good business decision. The clearer the better.

Should I Get A loan?

Should I Get a Business Loan?

June 26th, 2019 by

Hmmm… Should I borrow? That’s the question we are all faced with at one time or another when debating a new purchase or investing in our small business. No matter what we decide, the question will continue to linger in the back of our heads for a while.

Personal loans for personal purchases

I have a few rules that I follow when making a purchase for personal pleasure. First and foremost, I look at the long-term potential use of the item. Am I just excited about this right now, or will I continue to use it for the next 6 to 12 months?
If I decide it is a spontaneous purchase, then I’ll only buy it with my extra disposable cash. However, if I decide I have a long term use for it, I’ll take it to the next level to see if the pleasure it will bring is worth the cost. If yes, then borrowing at a low and reasonable rate becomes an option.
For these types of purchases the best option is generally a low interest rate credit card or a personal loan like the ones you find on
Personal loans are quick and easy. You’ll generally have your money within 1 working day. Let’s get started

Investing in my business with a business loan

This is where things get a little complicated. We are no longer making decisions based on emotions. We now have to calculate margins, potential revenue, cost savings, and all other effects of a business loan on the business.
There is no easy solution. For example, if you automate the business process, you’ll have long-term cost savings, but will face upfront expenses which can result in long-term savings.
If you expand your showroom, you’ll have more items on display. This could require a larger inventory, which means you’ll need a bigger warehouse and a higher line of credit to buy inventory.
There is a domino effect on everything you do, so you have to consider everything. Fortunately, the rates on business loans are usually moderate and affordable if purchasing new equipment or inventory.
If you are looking for access to quick capital to expand and grow your business, a quick non-bank business loan is a great option.
If you are unsure of your plans and how much you need, then get a business line of credit. The beauty of a line of credit is that you’ll only pay interest on the portion you’ve drawn; which give you great flexibility.

Business Loan Interest Rates

Business Loan Interest Rates

June 19th, 2019 by

With business loans, business lines of credit and working capital loans you must take a number of factors such as cost, terms,  and payment requirements  into account before accepting one. These loans can be obtained from multiple sources such as lenders, private equity firms, and private investors. All lending sources can be categorized into two categories. First, the brick and mortar banks which I refer to as traditional lenders. Second, the not so traditional private equity firms and private investors that companies like work with.


Traditional lenders are generally very conservative, require extensive paperwork and take a long time to fund the loans. In exchange for the extra hassles, the stringent guidelines, and regulatory requirements, they offer favorable terms. Basically, banks have better rates and terms, but what good is a low interest loan that you can’t qualify for?


The non-traditional lenders are far more aggressive, require less documentation and fund in as fast as 48 hours. These loans range from $5,000 to $500,000 and are offered at rates around 13.99% and up.
The approval process is super simple. The lender will only require 3 month’s bank statements, a copy of your driver’s license and a signed application. The structure, interest, costs and terms of the loans are mainly determined by length of time in business, revenue, industry and business health.
A good personal credit score is not required, but it helps. If you need quick access to cash and or working capital request a business loan with

How to Build Credit for Your Business

How to Build Credit for Your Business

June 16th, 2019 by

Building credit for your business is essential. You can qualify for business loans, working capital loans, and business lines of credit at favorable terms to business loans for bad credit. partners and lending partners cater to all credit types. Loan amounts from $5,000 to $500,000

Start establishing business credit

The first and most essential step for establishing your business credit would be separating your business credit from your personal credit.
This will minimize the risk of a personal credit history negatively affecting business credit and vice-versa.
Make sure you have a business checking account that’s not tied to your checking account. Then register your business with Dun & Bradstreet. Some lenders might ask for your D&B number, especially if you are looking to lease new equipment.
Get a business credit card. Run all business charges through the business credit card and establish a pattern of paying off debt. Good credit history is just as important as a good credit score, if not more important.

How to setup a business properly A to Z

1. Incorporate your business

Incorporating a business or setting up a Limited Liability Corporation legally separates a business from its owners, protecting the business credit from consequences of bad personal credit history of the business owner. And more importantly, it provides the business owner an umbrella protection as long as there is no commingling

2. Obtain EIN

EIN – a federal tax identification number, a social security number for your business. You are required to have this number for federal tax filings and to opening bank accounts in the name of the corporation or LLC. An EIN number is also required by many corps prior to paying out for services.

3. Open a business bank account

Create a separate business account under the name of your company and make sure that all financial transactions of your business are done through this account.

4. Get listed with the business credit agencies

Getting your company listed with one or more of the business credit reporting agencies such as Dun & Bradstreet will make the process of obtaining and maintaining good credit so much easier. Plus, it’d be good if your business credit card is from a company that resorts straight to one of those agencies.

5. Create a line of credit with vendors/suppliers

Working with at least 5-7 vendors and/or suppliers that offer you a line of credit or financing on your purchases will help establish credit for your company. You may also ask them to report your payments to the business credit agencies.

6. Be consistent with your payments

Pay all your bills on time. Business credit will suffer from late payments just as personal credit does.

If you are a small business that has been active for at least 6 months, have $10,000 or more in monthly revenue, and in need of a working capital loan or a business loan for bad credit, get started with business loans.


Good business credit has multiple benefits:

  • New vendors and suppliers are more willing to work with businesses that have a good credit history;
  • Banks and lenders will generally offer you better interest rates and lower fees;
  • It will give you more flexibility in negotiating payment terms with your vendors.

Once your established your business credit, make sure to monitor and maintain it just as you protect and monitor your personal credit. We advise you to Check all business credit reports diligently and look out for any inaccuracies.