Maintaining a high credit score has its perks. Even in the current economic climate, a small business owner with good credit can easily get approved for a small business loan to grow or launch their company. But walk into a bank or credit union with a bad credit score in your bag and you’re sure to be met with opposition. Asking for money to launch or grow a business without having a good credit score to back you up is nearly impossible.
But, the good news is there are other financing options for small businesses with bad credit. Sure, you might not convince a bank to loan you the money, but you might qualify for a business cash advance through a different lending company.
A popular business loan alternative, a business cash advance is the quickest and easiest way for small business owners with bad credit to get the collateral they need to grow their business. Whether you want to open a second location, remodel your store, or launch a brand new company, you can receive up to $500,000 to attain your business goals regardless of your credit history.
Do you need money to expand your small business, but afraid of being rejected due to your low credit score? You can receive fast business working capital with a business cash advance based on future sales.