How to Get a Business Loan with Bad Credit
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Transcript of How to Get a Business Loan with Bad Credit
BANKS JUST ARENT LENDING
In 2013, the funds in which U.S. banks had available for lending to
businesses and households hit an all-time record high of $2.3
trillion! So what are banks doing with that vast reserve of cash?
ABSOLUTELY NOTHING!
They are investing that capital right back where it came from:
The Federal Reserve (Fed).
NOTHING WILL CHANGE SOON
Banks opted for the Fed deposits paying .25% instead of earning
4.5% on new car loans, 10% on two-year personal loans, and small
businesses loans with % rates based on term and size of the loan.
Banks are extremely reluctant on consumer lending and in the
current economic climate NOTHING IS GOING TO CHANGE SOON!
PERFECT CREDIT OR NO LOAN
For those loans that banks do approve their evaluations are based
heavily on the business owner's credit score - that in which the
qualifications are very high.
For business owners that do meet these qualifications it is typical
they need the capital immediately and it can take banks several
weeks to respond. LITTLE KNOWN SECRET: Business owners who
need working capital fast simply DON’T GO TO BANKS!
WHY YOU NEED A DIRECT LENDER
Direct Lenders are institutions that lend their own money to
business owners who need capital immediately. They do not base
their evaluation on your personal credit score. They instead base
their evaluations on your business revenue and cash flow.
PERFORMANCE BASED MODEL
Direct Lenders require minimal paperwork and no personal
guarantee or collateral. Their decision is usually as fast as 1
Business Day and can fund the loan in as fast as 2 Business Days!
Direct lenders fund millions of businesses at competitive rates
every year. Their's is a lending model that is favorable for a business
owner like you to get business financing easy and fast!
HIGH LOAN AMOUNTS
Loans from $10,000 to $500,000 are available with amounts
possible up to $1 MILLION in certain cases.
USE THE $ FOR ANYTHING
You can use the money for anything you see fit.
But here are some suggestions:
Expansion & Renovation
Cash Flow
Working Capital
Invest in Newer Technology
Insurance & Tax Payments
Hire Additional Staffing
Bulk Supply Purchase
Marketing
Purchase Equipment
Consolidate Debt
LOANS FOR ALMOST
ANY TYPE OF BUSINESS Construction Businesses: Roofers, Remodelers, Carpenters,
Reconstruction, Electricians, Plumbers, other General Contractors.
Transport Businesses: Trucking companies, Bus companies, Taxi,
Car/Limo service, any business that transports people or products.
Eating Establishments: Restaurants, Bars, Diners, Cafes, Catering,
Pizzerias - any establishment that serves food or alcohol on-site or
by delivery.
Medical Practices: Doctors, Dentists, Plastic Surgeons,
Chiropractors and any other medical practice.
Hospitality Industry: Hotels, Motels, Bed and Breakfast and any
other hospitality establishment.
MINIMAL QUALIFICATIONS
The qualifications for a Bad Credit Business loan
through our network are:
U.S. Based Business
2+ years in business
$200,000+ in annual revenue (gross receipts)
WHAT DO I NEED TO SECURE MY LOAN
You will need a few items to provide to your lender to secure your
business loan but only with this specific documentation will you be
able to secure a Bad Credit Business Loan without any snags.
GET READY TO GROW If you’re a business owner with bad credit or no credit in need of
business financing immediately then head over to our website at
http://FastBusinessLoan.today/badcredit
and download our FREE GUIDE that outlines everything you need
to apply, get qualified and approved for a loan up to $500K in as
quick as 2 Business Days. Your money is waiting…