Bad Credit Business Loans – Bad Credit Is No Problem When Funding Your Business

When shopping around for a small business loan, your personal credit score becomes a part of the process. If you have made mistakes in the past and they are reflected in your score, you might find that your financing options become limited. Banks will probably turn you down and your business will suffer, but it doesn’t have to be that way. Your credit score may be bad but that does not have to define your business. We offer business owners bad credit business loans; the kind of financing you really need to make your business work and to help it thrive, in spite of a less than perfect credit score. Yes, the banks and other traditional lenders may turn you down, but we won’t use that as a disqualifying factor. Let Booming Business Loans be your go-to for financing as you work to repair your troubled credit score and grow your business.

Don’t Let Bad Credit Be an Obstacle to Your Business’s Growth

A business can’t have a credit score, which means that the owner must show financial responsibility when applying for a small business loan. That means using your credit score as part of the approval process. A lot of lenders will turn you down if that number is too low, but here we think past the credit number. We don’t define you or your business solely on that number. You shouldn’t have to be turned down just because of your credit score. It’s only a small part of you and your business, so why should it be an obstacle. If you can’t get funding for your business it may stagnate or even fail. With a bad credit business loan, you don’t have to let your credit history be the thing that brings your business down.

How to Get Approved for Bad Credit Business Loans

What makes our loan services different from all the rest is that our lenders look beyond your credit score; they look at your business as a whole. We have one of the highest of all approval rates when it comes to both traditional and online business loans. It’s because we keep the approval requirements simple. Here’s what you need to get approved:

• A business that has been operating for at least three months
• A minimum monthly business revenue of $10,000
• A personal credit score of 500 or higher

Banks and other lenders are likely to turn you down if you meet the first two criteria, but your credit score is 500 or 600. We look at all three of these and weigh them evenly. As long as you can meet these easy, minimal requirements, you will most likely get approved for a business loan that will keep your business growing and thriving.

Here’s What We Don’t Care about When Approving Business Loans

There are more obstacles to getting a standard small business loan than just credit score. Traditional lenders will throw up all kinds of red flags when you apply, and they’ll put you through the ringer on paperwork. We won’t make you spend days applying; just a one page application is all you need. We don’t need to hear your life story and we don’t care about stacks of documents. One page is the limit. We also don’t worry about things like collateral or processing credit cards. If your business is short on assets at the moment and you have nothing to offer as collateral, no problem. If you haven’t processed credit cards, that’s also not a problem. These are not things that we use to approve small business owners for loans and they won’t become obstacles to getting the funding you need.

What You Get with Bad Credit Business Loans

In addition to minimal requirements and an easy application process with a high likelihood of approval, you get many more benefits with our bad credit business loans. You get flexibility. Our loan services are varied and you can borrow in amounts ranging from a few thousand up to one million dollars. We won’t hold you to a required minimum that is too high for you to reasonably afford. You also get business loans fast when you work with our bad credit business loans. You can apply and get approved on the same day and then get access to your cash within three days. Compare that to the bank which will make you spend days applying and weeks waiting to get the money your business really needs today. Most importantly of all, when you secure funding through Booming Business Loans you get the money you need to keep your business going, to help it thrive, and turn it into what you have always dreamed. Use the cash however you need to and make repayments on your schedule. To apply for a business loan today, fill out our short application right here.