Start Up Business Financing Despite Bad Credit

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With bad credit business loans and other financing options, many people with poor credit scores and blemishes on their credit reports still manage to obtain financing for start ups. Here are some of the funding options that you can explore to finance a business despite having bad credit.\n\nGet more information about startup business financing for bad credit at:\nhttp://www.badcreditresources.com/start-up-business-financing-despite-bad-credit\n - PowerPoint PPT Presentation

Transcript of Start Up Business Financing Despite Bad Credit

Page 1: Start Up Business Financing Despite Bad Credit

START UP BUSINESS FINANCINGDESPITE BAD CREDIT

Page 2: Start Up Business Financing Despite Bad Credit

Many people with bad credit scoresstill manage to obtain financing forstart ups.

Here are some of the funding options toexplore to finance a business despite havingbad credit...

Page 3: Start Up Business Financing Despite Bad Credit

EQUIPMENT LEASES

A leasing company purchases equipmentand then allows you to use it for a setperiod of time in exchange for a fee.

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SALE LEASEBACK FINANCING

Some start up business financingcompanies will allow you to use things you

already own as collateral for a workingcapital loan. It can be equipment,vehicles, boats, CD, jewelry etc.

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CRED I T CARD F I NANC ING

I f y o u r bu s i n e s s a c c e p t s c r e d i t c a r d s ,

y o u may b e a b l e t o g e t a l o a n f r om

y o u r a me r c h a n t c a s h a d v a n c e

c ompan y .

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FACTORINGA f a c t o r i n g c omp a n y w i l l u s e y o u rb u s i n e s s a c c o u n t s r e c e i v a b l e s i n

o r d e r t o g i v e y o u a wo r k i n g c a p i t a ll o a n . T h i s t y p e o f f i n a n c i n g i s

b a s e d o n t h e c r e d i t wo r t h i n e s s o fy o u r c l i e n t s .

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PURCHASE ORDER FINANCING

T h i s t y p e o f f i n a n c i n g i s u s u a l l y u s e db y m a n u f a c t u r i n g c o m p a n i e s . Y o u

r e c e i v e a l a r g e o r d e r f o r y o u r p r o d u c tb u t y o u n e e d m o n e y t o c o m p e t e t h e

m a n u f a c t u r i n g p r o c e s s .

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P E E R T O P E E R L E N D I N G

W i th t hese t ypes o f a r r angements ,you c r ea te a p ro f i l e on a webs i t e

w i th the s to r y o f you r bus i ness andi n f o rmat i on abou t you r f i nanc i a l

s ta tus .

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CROWDFUNDING

Crowdfunding is similar to social lending in that yousolicit funds from users of a website but crowdfundingsites allow you to pool small investments from dozens

to thousands of people.

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MICRO CREDIT ORGANIZATIONS

If  you only need a small  amount of money, you maybe able to qualify for a micro loan. Micro loans are

bad credit business loans that are providedthrough a number of micro credit organizations.

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doesn’t mean that it’s not possiblefor you to pursue your dream of

owning your own business...

Having a BAD CREDIT