6. November 2014 / Small Business Resources
Budgeting is essential for every business. One cannot let the financials run amok as that surely leads to ruin. Having a thoroughly drawn out business budget is crucial to ensuring financial success a
Are you struggling with bad credit? Are you tired of lenders saying "NO" due to bad credit history and need cash for your business in hurry? There is hope! Getting the money you need to support your venture can be easy by applying for a loan through Merchant.
When Your Funding Source Says “NO” Due To Bad Credit Issues, Merchant Advisors Says “YES”.
In the current shaky economic conditions, small businesses with bad credit often experience difficulty in getting quick business financing from banks. Because of the high risk, business loan rates are much higher and repayment terms are shorter than those for with ‘good’ credit. Approval takes forever and turnaround time is also quite lengthy. Procuring working capital in such circumstances has become a tough task for small businesses. This put businesses further into debt, straining its credibility as well as credit rating.
Business Financing For Businesses with Bad Credit
Merchant Advisors offers bad credit business loans that don’t require a perfect credit score. We count on your business performance - not on your credit score. A majority of our business loans for bad credit don’t show up on your credit report as an outstanding loan. And, this means that your business can take advantage of other financing programs outside of what we provide.
The greatest benefit about our bad credit loans is that you don't have to provide any type of collateral. A lot of the time there will be minimal credit checks and the credit checks are in place only to make sure you’re human! Plus we ensure a smooth borrowing and repayment process. The repayment terms are flexible and you don’t need to have a business plan to get a loan. Whether you need funds to cover payroll or buy new inventory, or wanting to make an expansion; our bad credit business loans cover everything.