Cash Advance Loans for Bad Credit
There are numerous businesses who are looking for cash advance loans for bad credit. The funding is not a problem for us, and we provide small businesses with the funding with easy terms.
We do however ask all business owners who are applying for cash advance loans for bad credit. The reason for this is due to the fact that businesses comprise of the United States 99.7% of all businesses. As a result the health of the overall economy lies with small businesses by in large.
Banks are not eager to fund small businesses, and as a result of this they have very stringent qualification criteria. The criteria of banks ensures that over 90% of all businesses fail. We do however fund small businesses and our qualification criteria are completely different to those of the banks. Mentioned below here are the qualification criteria that we have;
- The owner should not be in any form of active bankruptcy at the time of the loan application
- The gross income of the business needs to be at least $10 thousand or over that amount in a month.
- The age of the business needs to be at least 12 months old or older than that.
Also mentioned below here are the other features that make the entire process hassle free and quick.
Cash Advance Bad Credit
The processing time frames that we have to provide businesses with cash advance bad credit. Typically, we can provide a small business the cash advance bad credit they require within 48 to 72 hours from the time we receive the completed application. This is because our qualification criteria are very simple and this results in less paper work and formalities.
There are also other features such as the fact that we do not require collateral, as all our funding is unsecured. This is a very beneficial feature for small business owners, as many of them are unable to come up with the collateral that banks and other financial institutions require. Typically, the value of the collateral needs to be double of the value of the funding being taken against it. Banks do not provide small businesses with funding uncollateralized, and would require collateral. We often work with credit scores that are below average, and in the low to mid-500s, and we provide them with cash advance loans for bad credit.
For more information related to the loans we offer, contact us. Our funding team will assist you with any and all information that you require, and we will also provide you with assistance in filling up the online form. If you would on the other hand simply like to fill the form online, simply click on the ‘apply now’ tab and proceed to fill in the details.
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