Non-Bank Business Financing

May 31st, 2023 by

Non bank business funding

When small to medium-sized businesses require fast funding for operational expenses, payroll, and other expenses, it’s worth considering obtaining financing through non-bank business financiers.

Finding low-interest rate business loans/financing

Traditional financial institutions and small business association, offer attractive interest rates, but their strict guidelines and extensive documentation requirements can be challenging and time-consuming. If you are looking for quick access to business funding for everything from daily operations to equipment financing, business funding solutions offered by partners and affiliates are a fast and straightforward option you should consider. You may get the money in your account in as little as two working days. 

Required documentation for online business loans/financing

To apply for online business loans, you typically need to provide the following documents:

  1. three months of bank statements
  2. a copy of your driver’s license
  3. a voided business check.

The best places to get fast business financing

When considering where to inquire about business loans, it’s crucial to find a platform that offers personalized attention and access to suitable programs. and other online platforms stand out by streamlining the process. With a single form, borrowers receive quotes from multiple lenders based on their credit profile. The platforms generally protect credit scores by requiring a soft credit check for the initial underwriting. Some lenders may require a hard credit check due to credit history and other factors.


Business financing for small businesses

Small business loans/financing provide unrestricted funds for all business expenses including renovations, major purchases, payroll, and… 

Working Capital Loans

For immediate access to money for your business, a working capital business loan is a good option. Working capital loans are ideal for outstanding invoices, emergency repairs, and seasonal operations. 

Equipment Financing

If your business growth and expansion require new equipment, equipment financing usually offers the most attractive terms and payment structure by leveraging the equipment as collateral.

Business lines of credit

Business lines of credit offer on-demand access to a specific amount of money. Learn more

Merchant cash advances 

An MCA (merchant cash advance) provides lump sums based on projected future sales of a business.

P.O. Financing

Production cash shortages can be addressed through purchase order financing. A business can leverage its purchase orders to receive a loan based on what they expect to collect in the future.  


The Ultimate Guide to Understanding and Obtaining a Merchant Cash Advance

December 28th, 2022 by

Merchant cash advance overview

A merchant cash advance (MCA) is a type of financing that allows small businesses to get lump some money today based on their future credit card sales.

When a business takes out an MCA, they agree to sell a percentage of their future credit card sales to the MCA lender at a discount in exchange for a lump sum of money today. The money the business receives can then be used for any purpose, such as purchasing inventory, expanding the business, managing cash flow, etc.

One of the key advantages of an MCA is that it is relatively easy to qualify for, compared to traditional business loans. MCA lenders typically focus on the business’s credit card sales and cash flow, rather than its credit score or financial history. As a result, small business owners with bad credit or limited credit history find merchant cash advances easier to qualify for than traditional business loans.

How to get a merchant cash advance

The process is simple. Companies like offer an online solution through simple forms that take minutes to complete. Once you complete and submit the form an agent will contact you to review the request, discuss options, and most importantly see if a merchant cash advance is a right fit for your business. Merchant cash advance providers are generally focused on the monthly revenue of the business and its ability to pay back promptly. Credit scores aren’t as important as they are to traditional lenders.

What are the required documents for a merchant cash advance?

1. Three months business bank statements. The bank statements must be in the name of the business.

2. A voided business check.

3. Some companies ask for a copy or a picture of your ID to verify your identity.

4. Other documents may be required on a case-by-case basis.

What is a merchant cash advance factor rate?

The merchant cash advance (MCA) factor rate is a measure of the cost of an MCA. It represents the amount the business will have to pay back for each dollar it borrows through an MCA. The MCA factor rate is typically shown as 1.15, 1.20, or 1.30, etc. For example, if a business takes out an MCA with a factor rate of 1.30, this means that for every dollar that it borrows, it will have to pay back $1.30 in total; this includes the principal and any fees or interest charges.

The MCA factor rate is typically higher than the interest rate on a traditional business loan. MCA lenders take on a higher risk by providing capital with minimal documentation in as little as two business days. Therefor, they charge higher fees and interest rates than traditional lenders to justify the risk. As a result, the overall cost of an MCA may be significantly higher than the cost of a traditional business loan which could take a month or two to secure, even if the repayment period is shorter.

How do factor rates affect merchant cash advances?

The factor rate of a merchant cash advance (MCA) has a significant impact on the cost of the financing. The higher the factor rate, the more expensive the MCA will be. For example, if a business takes out an MCA with a factor rate of 1.20, this means that for every dollar that it borrows, it will have to pay back $1.20 in total, and if the factor rate is 1.50, it will have to pay $1.50 for every dollar borrowed.

Merchant cash advance drawbacks

MCAs also have some significant drawbacks that businesses should consider before taking out this type of financing. One of the main drawbacks is the cost. MCA lenders typically charge higher fees and interest rates than traditional business lenders, which can significantly increase the overall cost of the financing.

In addition, the repayment structure of an MCA can be unpredictable, as the business is required to pay back a percentage of its credit card sales on a daily or weekly basis. This can make it difficult for businesses to budget and plan for their financial needs.

Another potential disadvantage of an MCA is that it may require the business to put up collateral or agree to a lien on its assets. This means that the business could risk losing its assets if it is unable to make its MCA payments.

Despite these drawbacks, an MCA can be a useful financing option for small businesses that need quick access to cash or that may not qualify for traditional business loans.

What are the risks of a merchant cash advance for a business?

There is a risk with any type of financing regardless of the terms and structure. If a business can not meet its financial obligations to a lender, they risk going into default and the legal proceedings that will follow.

Although a merchant cash advance (MCA) can be a useful financing option for any small business that doesn’t have the time or credit history required for traditional business loans, it has certain risks associated with it if the business can not meet the expected daily or weekly payment requirements.

Some of the potential risks of an MCA for any business include:

1. Cost: MCA lenders typically charge higher fees and interest rates than traditional business lenders, which can significantly increase the overall cost of the financing. The repayment structure of an MCA can also be unpredictable, as the business is required to pay back a percentage of its credit card sales on a daily or weekly basis, which can make it difficult for businesses to budget and plan for their financial needs.

2. Collateral or lien: An MCA may require the business to put up collateral or agree to a lien on its assets.

3. Unpredictable cash flow: As an MCA requires the business to pay back a percentage of its credit card sales on a daily or weekly basis, the business’s cash flow may be unpredictable.

4. Risk of default: If the business is unable to make its MCA payments, it may default on the loan, which could have serious consequences for the business, including damage to its credit score, legal action, and the potential loss of its assets.

Businesses that are considering an MCA should carefully weigh the potential risks and benefits of this financing option. They should also be aware of the potential risks and costs associated with an MCA and should compare it to other financing options to determine which option is the most suitable for their needs.

business loan approval

5 Tips to Help Make Sure Your Business Loan is Approved

December 1st, 2021 by

If you need some extra capital in your business, whether you’re just starting out or growing even larger, you’ll want a business loan fast. But getting a business loan requires an application process, paperwork, a lot of waiting, and it might not even be approved in the end. 

Your business loan application doesn’t have to be so complicated. With these tips, it shouldn’t be tough to get it approved either.

5 Tips to Help Make Sure Your Business Loan is Approved

Prepare your Documentation

Think about what you need for your business—what type of loan, how much money, and what you need financially. Then, gather the required documents, so you have them all ready.

Traditionally, this means having your financial, accounting, tax records and ensuring that all of your records are updated and accurate. 

Having these documents will ensure that you know what’s going on in your business, and that you can field all the questions that come your way. Some loan applications even require an interview, depending on your type of loan.

Improve Your Finances

If you anticipate needing a loan, you should make sure that you’re able to pay your current bills and keep your finances in a healthy state. Keep good credit, pay everything on time, and only apply for one loan at a time. Applying for too many loans can hurt your chances of securing a new loan. It shows desperation, which is usually a red flag for most lenders. 

Know Your Loans

Don’t apply for a loan that you don’t actually need. You must be clear as to what kind of a loan you need and for what purpose. For example, if you are expanding your business and need new equipment, you should be applying for equipment financing vs. a working capital loan.

Online Loans

Traditional business loans are known to have a lengthy, complex process with lots of paperwork. However, you can get an online business loan with us a lot quicker and with much less hassle. All you need is three bank statements, and even borrowers with bad credit will be considered. 

With competitive rates and favorable terms, we strive to help business owners get the capital they need.


Getting a small business loan isn’t necessarily easy. That is, if you apply for traditional business loans. There’s a lot you need to think about and a lot of research you need to do. With these five tips, you can improve your chances of approval. Or you could give our easy online loans a try. Our straightforward approach means you can get your business the capital you need quickly so you can get started or keep scaling your business.

no collateral loan

Business Loans You Can Get With No Collateral Today

November 12th, 2021 by

As a small business, it’s important to grow. In order to grow and elevate your business, it’s vital to stay ahead of your competitors by differentiating yourself, and what you offer. This is where most business owners require the help of fast business loans.

There are many types of business loans, though, and if you’re looking for one with no collateral, you’ll need to know what to expect.


What Is No Collateral Financing?

The whole point of no collateral financing is that you, as the borrower, don’t need to put up any of your own assets to secure a loan.

This is in contrast to collateral loans, wherein you would need to provide something with high value to the lender, like real estate or a vehicle. This collateral would be seized if you default on your loan.

You will need to provide a personal guarantee, have a bank lien against your business’ assets, or potentially both. You’ll likely also have a higher interest rate than other loan options. However, no collateral financing also means that you get your cash quickly, even if you don’t have anything to offer in return.


Business Loans With No Collateral

There are multiple types of financing that don’t require collateral, all of which might be a good option for your business.


Line of Credit

You can apply for a line of credit, with the only requirement being that you’ll need to convince your lender that you can pay back your funding. This means having a credit score of at least 600, a history of repaying your loans, and some history that you have been in business for some time and with a minimum amount of revenue.


Merchant Cash Advances

You can also get a merchant cash advance. This is when you receive some working capital now, but you have to exchange that for a percentage of your daily or weekly credit card sales.

You’ll do this until you’ve met your terms, but for this type of loan, make sure you have a lot of credit card sales to begin with. You’ll also want to be sure you can handle the potentially higher interest rates.



SBA Loans

This is the most popular type of loan for starting a business, although you may end up having to provide some collateral for larger loans. If you’re just looking for a loan of less than $25,000, you may not have to pay any collateral. You’ll need to show that you can pay your loan back though and that you have a good credit score.


Invoice Factoring

There is also the option of invoice factoring. You’ll just sell your outstanding invoices at a discounted price and get some cash in return. Your lender will then send you the rest of the invoices’ value once the customer makes their payment. If you have a long accounts receivable period, this might be perfect for you.


Online Business Loans

There are many good reasons to look at online business loans like ours. One of the most significant benefits is that the applications are quick and easy. In addition, online loans require much lesser documentation, and the process is a lot more straightforward.

Once your loan has been approved, you receive your funds quickly too. All credit types are welcome, and all we need is simply 3 bank statements from you. Borrowers with bad credit will be relieved to know that they can still be considered as we aim to serve all business owners.



If you’re just starting your business or wanting to scale your operations, you’ll need some working capital to help you get going. A no collateral financing option might just be the best option for you then. You can apply quickly online even if you don’t have great credit, and can start using your capital once you’re approved.

Give us a call today to find out more about our hassle-free online business loans with no upfront fees!


allocate capital

Now That I’ve Got My Loan, What Are Some of the Smartest Ways to Allocate My New Capital?

October 27th, 2021 by

You have secured your business loan now, which is a significant help growing your business—if only you knew how to use the new capital. However, when it comes to allocating your new capital, it can be challenging to know the smartest move. This is why it’s essential to start planning now so that you can improve your business’s finances and use your capital in the best way possible.

Find out more about getting fast business loans online.

Smartest Ways to Allocate New Capital

Your working capital, also known as Net Working Capital, is the amount of money you currently have. Basically, this is the way your business will be able to meet its obligations, so lacking capital means that you’re unable to operate your business as you should.

Ultimately, more capital means more efficiency, which is why it’s vital to allocate it properly.

Allocation Strategies

Before you get started, think about what you want to accomplish with your capital and what you might be willing to trade off. Allocation is all about tradeoffs, after all, which means choosing what you will spend your capital on and where you need that money the most.

Start by planning out your process and considering what you want your company to accomplish. Then, analyze your current business trends to determine what you will need the money for and how you might use this capital to further grow the business.


This is one of the best areas for investing and allocating capital. Inventory is one of the most critical assets to your business. How it’s managed will determine the overall success of your business—since having more inventory will mean higher efficiency with serving your customers and increasing your sales and profit.

Don’t just buy as much inventory as you can, though; optimize it. Consider your levels of orders, deliveries, and sales so that you don’t overstock and increase your overall efficiency.

Product Development

Before you increase your inventory, keep an eye on the development of your products and how much the process is costing. Evaluate what you’re developing, and the money involved so that you can reduce your costs.

Identify the size, structure, and price points of your product so that you know what you need to buy without spending too much extra.

Avoid Traditional Advertisements

Usually, businesses naturally gravitate towards spending a lot of money on traditional advertising, but this isn’t always the best idea. 

You don’t need to spend a lot on expensive television or radio ads, especially now that there are many ways to advertise or promote your business on social media. Traditional advertising doesn’t always yield the most effective results, and it’s not as easy to track your data compared to digital marketing. 

Instead, consider what advertising efforts will yield the most ROI, and focus your efforts and capital on those avenues.

Manage Expenses

Consider what you’re spending your money on. You’ll want to check your cash flow, which revolves around what money is coming in and out of your business. Having negative cash will often create a negative impression on investors, so consider your expenses and use your capital to pay off what you need to.

Pay attention to and assess where your money is going right now. See if you can better allocate where it should be going, and whether you’re spending too much capital on any one thing.


The truth is that securing a business loan is not the end of it. You need to evaluate and analyze the best ways to allocate that new capital to get the most out of your loan. You just need to consider what is right for your specific business and do your research and planning beforehand, with your main focus set on sustainably growing your business. 

prepare for business loan

What Do You Need to Have Prepared Before Applying for Your Business Loan?

October 19th, 2021 by

Applying for a business loan is a major step towards bringing your idea to life or continuing to run your business however you want. Whatever your reason is for applying for a loan, you want to ensure it goes smoothly.

To help improve your chances of getting approved for a business loan, here is what you should do.

Check out our fast and hassle-free quick business loans

Know What Documents to Bring

Many businesses apply for loans without procuring the necessary documents beforehand. You can go through the process, but when it comes time to submit your request, your application will be denied or delayed if you don’t have the necessary documents.

All business loans are revenue driven and the business owner’s personal credit often plays a role in the underwriters’ decision-making process. 

If the business is well established with a credit history of some financings, such as equipment loans and equipment financing, it does not require a personal credit check.

However, business loans, merchants cash advances and lines of credit always require a personal credit check, even though they are revenue-driven for the most part. 

It’s good to know your approximate personal credit rating to discuss the appropriate options available with your loan advisor. 

If you’ve had a bankruptcy within the last year, your options may be far more limited, regardless of credit score. Underwriters look at credit history as a whole versus a simple score. If you think your credit isn’t good enough, or if you’ve had a bankruptcy within the last year, we still have options available that you may qualify for. 

Annual Revenue

Depending on your loan amount and the type of business financing you’re requesting, some lenders may ask for a complete business revenue report including all profits and losses for the last year. Although most lenders will only ask for bank statements for the last three months, except on larger loan amounts where tax returns may be requested. 

When applying for a business loan from a bank, you should be mostly concerned with their time consuming process which requires far more documents than most alternative business loan providers. If you’re short on time, and in need of quick access to a business loan, consider requesting a loan online.  

Bank Statements

As mentioned above, lenders will want to see your business’s bank statements. At the very least, you’ll be asked to provide three months’ worth of statements. Different lenders and different types of loans will have slightly different requirements.

Time in Business

No matter what type of lender you go through or what loan you’re applying for, you’re going to be asked how long you’ve been in business. Naturally, lenders will favor those that have been in business longer.

Most lenders will require your business to be at least two years old. There are some lenders that will make allowances for newer businesses, but you should be aware that you’ll be much more limited with what types of loans you can take out. 

While newer businesses can take out loans, it’ll be more challenging, and you won’t have nearly as many options.

Proof of Additional Collateral

No lender wants to approve someone who is a high risk, so you’ll be asked to provide proof of collateral. If your business is unable to pay back the loan, the collateral will be taken instead. In most cases, acceptable collateral is equipment or other sellable assets.

Additionally, some lenders may ask you to provide personal collateral as the business owner. To inquire about unsecured financing take a look at MCA.

Online Loans

Having laid out all the proof and documentation often needed by lenders, you’d be relieved to know that online loans like ours are a relatively more straightforward process involving much lesser documentation.

With, all credit types are welcome, and you can get started with just 3 bank statements. We have business loans and financings that focus on business revenue vs. your personal credit history. Even borrowers with bad credit can be considered for the right business or equipment financing. We aim to serve all business owners through a hassle-free process with no upfront fees.


When you apply for a business loan, it’s good to be prepared. Even though everyone has different requirements, it’s good to have your business license, a copy of the last three bank statements, and a copy of the quote if you’re buying equipment ready to submit right away for faster processing. 

If you need a fast and hassle-free business loan, call us today and experience our streamlined process. It’s simple, fast, and smart. 

online business loans

What Are My Loan Options Now That the PPP Loan Program has Ended?

October 1st, 2021 by

As the PPP (Paycheck Protection Program) has come to an end, you aren’t the only one wondering what to do. Small businesses everywhere are beginning to wonder if this will be the end for them. 

The program was launched in 2020 to help businesses through the economic onslaught caused by the Covid-19 pandemic. Despite a few other options being available for small business owners, the overall outlook is grim. Some options don’t work in your favor, and others are extremely limited.

Fortunately, there are still a few loan options like online business loans that you can turn to.

Government Loans

There are still other government funds and loan programs that you can look into. One of the first places you should check is the SBA. 

Although the SBA is becoming more stringent, there are still a few programs that your small business could be eligible for. The sooner you find them and apply, the better off you’ll be. 

One available option is the Economic Injury Disaster Loan program. Offering up to $150,000 in aid and up to $10,000 in emergency funds, it could be a viable option. Take note, though, that the program has faced several delays and rules changes, making it difficult for applicants.

Another government program available to small businesses is the 7(a) Program. Its main use is working capital and business debt refinancing. You can even take advantage of the 504 loan program on commercial real estate and heavy equipment purchases.

For businesses in search of a more significant loan, the Federal Reserve has a program known as the Main Street Landing Program. With a minimum loan of $250,000, it’s aimed more for small to mid-sized businesses.

There are also NIH grants offered to small businesses focused on developing and researching biomedical technology related to Covid-19.

Other Loan Options

Despite the large percentage of small businesses that expect to need additional financial support, most lending facilities have tightened their credit or focused on other programs like the PPP. 

Businesses that know they’ll need larger funds in the next 12 months can consider talking to their banks. From here, you can either take out a loan or get a line of credit. As a line of credit is more flexible, it’s recommended that small businesses choose this option over a loan.

It’s important that you remain wary about accruing more debt. Businesses that have been struggling for a while or even before the pandemic should be especially careful. 

For interested businesses, revenue-based financing is another available option. In this case, the bank will provide the money upfront so that your business can provide a specific product, be it a service or a good. When your business takes back off, you’ll pay the bank.

While revenue-based financing can be good for some businesses, it can be difficult if your business doesn’t rebound successfully. 

The last loan option you should consider is going through a credit card company. As the loan interest is often high and you can’t guarantee when you’ll be able to pay it back, this is not the best option. It can lead to higher payments and higher debt quite quickly. 

Online Business Loans

Online business loans tend to give small businesses quick access to cash flow issues, inventory, or other business-related expenses. Most online business loans offered by are based on your revenue, and you only require 3 bank statements for verification. You can expect minimal paperwork as compared to traditional loans that require a lot more paperwork and longer processing times.


While the end of the PPP loan program is devastating for many small businesses, it doesn’t have to mean the end. There are other options, even if they are less favorable or more limited. No matter what loan you end up applying for, it’s essential to keep track of the debt you take out for your business. 

alternative funding

Alternative Business Loans

August 23rd, 2021 by

What is Alternative Funding?

You might already be familiar with various funding options from your bank since most people know how to get a fast business loan. This isn’t your only option for funding though, not if you consider alternative funding options.

Alternative funding is a little broad as a term, but you can think of it as any sort of financing that is outside of a bank. For example, even getting a loan from your parents would be considered alternative funding. Certain companies provide alternative loans as their business too.

Alternative Funding Options

Often, small businesses struggle to get their business loans from the bank. This is where alternative funding options offered by non-bank lenders come into play. Realistically, you can get a loan from many places now, and there are many common alternative funding options.

Term Loans

Basically, you get a sum of money that you pay back with interest over an agreed-upon time period. This is similar to a bank loan, but you can get one through an online lender.

You might also notice that these business loans are a little more expensive than other options, and it may be difficult to qualify for. The applications are quick and easy though if you need that loan quickly.

Short-Term Loans

Just like a term loan, a short-term loan is where you receive money that you pay back over time. You’ll just have a shorter payment time such as 18 months rather than a couple of years.

This is a great option if you need a loan very quickly, but it’s true that you might end up paying more than you would for any other loan.

Lines of Credit

A line of credit is a great thing to have in the case of an emergency, rather than trying to get fast cash when you need it. Think of this like a credit card where you have an amount of credit you can use, and where you will only pay back what you use. There will be interest involved too.

Business Credit Cards

Instead of a line of credit, you can also get a business credit card. Now, small business owners should have one of these anyway. While you can’t finance your entire business with just one, you can alleviate some of your expenses. It’s good to have a business credit card anyway to earn cashback, points, or miles too.

Equipment Loans

This is a loan that you’ll really only use if you’re buying a new piece of equipment for your business. You can get a loan that will cover the entire value of the equipment you need. That equipment will remain collateral for your loan as you begin to pay it back.

This type of loan may take longer for you to receive since all purchases need to be audited, plus equipment depreciates over time. However, you can get cheaper business financing with this loan.

Invoice Financing

Not all businesses have tons of cash coming in right away. That’s where an invoice financing option comes into play. This is when a lender will advance an amount that’s at least 50 percent of any outstanding invoice.

When a customer pays you, you pay the lender. You’ll pay a little extra to the lender too, but this is a quick type of loan that might come in handy.

Merchant Cash Advance

This is the most expensive loan out there, although they’re easy to qualify for. You can receive a loan like this as a type of cash advance that you pay off with a fixed percentage of your credit card sales each day. The benefit of this loan is that the amount you have to pay back changes, depending on your sales. However, the cons include the fact that the APR can go as high as triple digits, affecting your business cash flow.

Equity Financing

Consider this option if you’re looking to raise funds by selling your business’ shares—and only if you’re alright with giving up some of the control over your business. If your business has a lot of potential for high, fast growth, this option may prove to be very effective and affordable. However, for many new businesses, giving up some control of your business may not be something you want to do early on.


You’ve likely seen many crowdfunding campaigns for various businesses, products, and people. You will be able to use this type of financing to receive funding from various individuals or investors and can set up your campaign on any one of the popular crowdfunding platforms.

This type of funding is great if you want to build on your add on to your business finances, and it’s great if you can’t qualify for other types of funding. It does require a lot of effort, outreach, marketing, and monitoring though.

When Will Your Small Business Need Alternative Funding?

When you’re running a business, there are many instances when you might need alternative funding options, especially if you’re unable to or don’t want to get a loan from the bank.

As small business owners are launching the business, they’ll want some alternative funding to market and expand the business—especially since placing advertisements can get expensive. 

Alternatively, small business owners might want to scale up the business and this requires a lot of funds. With alternative funding, they’ll have the cash flow they need to set up and scale up the operations.

As the business is expanding, there might be unexpected expenses too. This is the third reason why small business owners might want some alternative funding: to cover anything unexpected. This can include necessary equipment or things that are damaged in the case of weather events. 

All in all, alternative funding will arrive more quickly than a bank loan, so small businesses can continue with their daily operations.

Why Use Alternative Lenders?

You can get a loan from a bank, so why should you consider a form of alternative business financing? In actual fact, there are many positive benefits to this form of business financing.

Quicker Access

Traditional business loans may cost less over time, but they will take longer to gain access to. You’ll need to spend more time applying for the loan, learning about the process, and waiting for the money to get to you.

With alternative funding, there’s much less paperwork involved, not to mention that you’ll see the funds transferred to you more quickly. There are fewer delays you might need to deal with.

Easier Approval

It can take a lot to get a loan from a bank, as banks tend to have strict lending criteria. Those without the best credit might struggle to get a loan from a bank, and new businesses will have a hard time without much experience or without a track record of success.

Alternative business financing options have fewer hoops to jump through and are more willing to lend to businesses that are just starting out. There is an increased APR, but the financing is just the thing you need to get started.


At its core, you have more flexibility when it comes to alternative business financing options. You can choose which option will work best for your business. If you’re looking to get your business started, getting an alternative source of funding will do a lot to clear you of paperwork and give you the funds to get started.

Is Alternative Lending Appropriate For Your Business?

You have a lot of options for funding, and there are definitely benefits that accompany alternative business funding. But, that doesn’t mean that it’s right for small business owners.

Consider first if it’s possible for you to get a bank loan since these do have lower rates. If you think it will be better for you to go with an alternative option, consider the qualifications you’ll need to get a loan and the lender that you’ll be working with. 

For example, you’ll want to go with one of the top alternative business loans if you have stronger personal credit and business financials, which will provide you with a better rate.

Think about whether the loan is something you need immediately, and which type will work best for you.

How Do Business Owners Get Alternative Business Funding?

There are generally two ways you can get your hands on alternative business funding.

Alternative Business Loan Broker: Try talking to an alternative business loan broker to sort through your options. Make sure you find one you trust and make sure to ask them which lenders they work with and if they have any reviews you can read.

Alternative Business Loan Lenders: You can work directly with a loan lender as well but start by looking through their reviews and understanding their products. Make sure that you’re working with a legitimate lender.

Of course, you can also spend some time applying for your loan online. If your loan allows you to do this, just be sure to know the requirements associated with it.


You’re looking to expand your business and ultimately be successful. Sometimes, the best way to do that is with an alternative form of business financing that will provide you with the funds that you need to start or grow your business. Do your research and go through your options carefully. Make sure that you compare your funding options before making your decision. The most ideal loan will have the best terms for your business along with the most affordable rates.



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.