Best Funding Option For Business Owners With Bad Credit!

Posted by Ricky Nila, business.com on 10th May 2016

5 Funding Options For Business Owners With Bad Credit

Traditional banks are too conservative and are always trying to minimize their risk.

They are the last place a small business owner with troubled credit will get the financing they need.

There have been many small business lenders that have popped up over the last several years that have made it easier to get a small business loan for those with bad credit.

Many of these lenders are focused on particular specialized type of lending. If you have bad credit and fit there mold you will be able to get the funds you need.

If you have issues with your credit do not let that stop you from getting funding.

A Merchant Cash Advance is not a loan. It is an advance based on your future credit card sales. A lender will give you upfront a lump sum of money for a specified percentage of your future credit card sales.

This type of loan does not require you to have very good credit. The advance amount can be funded to you within 24 to 72 hours. The payback term is usually between three and 12 months.

Your payments are automatically withdrawn on a daily basis. The amount withdrawn per day can fluctuate based off your daily credit card sales.

Click here to find out more about our Merchant Cash Advance Program.