There are numerous small businesses that are looking for business cash advance bad credit and we provide them with those easily and quickly. Typically, the average loan size that small businesses require falls within $15 thousand to $25 thousand, however there are those that also take out loans for higher amounts of $100 thousand to $150 and we provide them with these as easily as we provide smaller loans. We do request all applicants to be ‘decided’ before they apply for the funding as the process is quick and simple.
Banks do not provide small businesses with loans enthusiastically, and the reason for this is due to the fact that they consider small business to be ‘highly risky investments’. As a result their qualification criteria for small businesses is stringent and over 90% of all small business loan applications fail to meet the requirement of the banks.
We do provide small businesses with the merchant cash advance bad credit that they require, and our qualification criteria are completely different from those of the banks. We do cater to small businesses and provide them with easy funding, as small businesses make up 99.7% of all business in the United States. Mentioned below here are our qualification criteria, based on these you will be able to ascertain whether you qualify for the funding.
- The business should be grossing over $10 thousand in a month, not less than that.
- The business should be a running business
- The owner of the business should not be in active bankruptcy
- The business should be at least 12 months old.
These are the simple qualification criteria that we have, due to the simplicity of these criteria almost every small business can easily qualify for the funding they require. Also mentioned here is the additional information related to the processing time frames, collateral and credit scores.
The processing time frames that we have to provide small businesses with the funding is very quick, and typically we fund within a weeks’ time, there are however some cases where we can fund within 48 hours as well. Banks on the other hand do require a couple of months to do the same.
The credit scores are also not a big hurdle for small businesses, as we don’t require high credit scores, and they are not mentioned as a part of our qualification criteria. We often work with and provide quick business loans to small businesses whose credit scores are in the low to mid 500s. Banks on the other hand will instantly reject a funding application whose credit scores are not in the 700s.
Collateral is something we don’t require, as our loans are unsecured or uncollateralized. Banks on the other hand do require collateral and the value of the collateral should be worth at least double the value of the loan.
For more information related to the business cash advance that we provide, contact us. Our funding team is available to assist you Monday to Friday during regular working hours. Alternatively, if you wish to fill in your details online yourself, simply click on the ‘apply now’ tab and fill in your details there, which is much the same as speaking with our rep.