THE BAD CREDIT BUSINESS LOAN
Approximately forty-two percent of Americans have credit scores below 700. Usually, to be eligible for a business loan, a potential borrower must have a credit score of 700 or higher. But business owners with perfect credit are not the only ones that need money for their businesses. Quite often a business may be doing well while its owner suffers from bad credit.
As a result, many business owners are left to search for bad credit business loans, or a business loan that will be approved in spite of the borrower's poor credit history. Receiving a business loan with bad credit is a difficult task. Lending institutions become weary of the borrower's ability to repay a business loan if the borrower has bad credit, causing the costs of receiving a bad credit business loan to be extremely high. These requirements range from demanding significant amounts of collateral to placing liens on the borrowers property and/or the business.
This creates an extremely dangerous situation for the borrower. Fortunately, Merchant Resources International offers a less risky way of attaining money for your business. With a business cash advance, you can get a loan for your business even with bad credit.
Getting a business cash advance will not affect your personal credit score since your repayment comes out of your business' credit card sales, rather than your pocket.
Now, even a business owner with bad credit can supply his/her business with the essentials for becoming prosperous.
We require that you have been in business for a minimum of four months. We also require that your business processes at least $2,500 a month in credit card sales. If you meet these requirements and you have no unresolved bankruptcies and/or tax liens and at least one year remaining on your business' lease, even if your credit is not great, you could still be eligible to receive a business cash advance!