Get today Unsecured Business Line of Credit with Bad Credit. Business loan program focus on your business, not your personal credit score or history.
You have to have open business minimum 3 months, because we require last 3 months of your business bank statements. Business must generating income; this is why we need your bank statements to check your business cash flow. Base on this we will determine loan amount and terms.
$ 5,000 to $1,000,000 Unsecured Business Line of Credit with Bad Credit, this is how much money you can get. You can use funds without any restriction, for example; to secure Real Estate or get fluid capital for your business. This program is only for US based companies.
Let us here at Square Capital Funding be your “Business Funding Solution”. We have no UPFRONT FEE, no BACK END FEE. For this program there is NO FEE at all!! We are a performance based business.
We have high rate of approval, 95% application are approved and funded. Our most important requirement is your business income, we have to see monthly cash flow minimum $7,000 each month on your business bank statements. All businesses are ok; we work also with high risk industry.
Small Business Loan Bad Credit;
Underwriting process is fast and simple, to start we need application (you can get from here) and 3 months of your business bank statements. In a few hours, we will give you few offers, few loan scenario with different loan amount and terms. Once you decide which option is best for you, we ask for last thing what we need to close (usually Driver’s License, Voided check, business license). After this we are ready to fund. Money is deposited directly to your bank account. All process can take 2-3 days.
- Loan payback time 3 – 18 months, there is no pre-payment penalty, we can extend longer if your business getting any problems with repayment.
- Minimum credit score is 500
- There is no classic interest rate, we count interest different way, for example; $1 borrowed – you have to pay back around $1, 15
- After your loan is pay off in 60%, you can take another loan.
- If your business is new, and your cash flow is poor, we can give you starter loan $5,000 – $10,000 after you pay off your loan, you can get much higher amount.
- Loan is never reported to your personal credit history, but will be reported to business credit agencies to build your business credit history.
Unsecured Business Line of Credit with Bad Credit; Like you see above, is very simple to get. Start your loan process today and fill out application here