For small businesses that require a business cash advance bad credit we provide those, and the process is simple and quick. For a small business getting the funding is not a big deal with us, we do fund most small businesses easily. However, we do ask small business owners to be ‘decided’ about the funding and their business plans etc. The reason for this is very simple and strait forward, as small businesses make up the majority of all businesses in the United States, about 99.7%. Due to this reason alone it’s very important that small businesses do well and remain profitable and financially stable.
Banks on the other hand are not so keen on funding small businesses, and as a result they do not easily approve loan applications for small businesses. Typically, the qualification criteria that banks have is very stringent for small businesses, and due to these stringent qualification criteria over 90% of all small business loan applications are rejected by the banks.
We do provide small businesses with the business cash advance loans they require easily and quickly, and this is due to the fact that our qualification criteria are completely different from those of the banks. Typically, most small businesses qualify for the funding that we provide. Mentioned below here are our qualification criteria, and based on these any small business owner can determine for themselves whether they qualify for the funding they require or not.
1. The owner of the business should not be in any form of active bankruptcy at the time of the application.
2. The business should be at least 12 months old or over that age, and needs to be a running business as well.
3. The gross income of the business needs to be at least $10 thousand and it should be a running business.
These are the simple requirements that we have, and based on these most small businesses that require funding can and do qualify for the funding. There are also other features that are associated with the funding that make the entire process user friendly and hassle free, mentioned below here.
The processing time frames that we have for the merchant cash advance bad credit are also very quick in comparison to those of the banks. Typically, at the quickest we can provide a small business with the funding they require within 48 to 72 working hours from the time we receive the completed application form. And at the most we would take anywhere from 7 to 10 days to do the same, not over that. Banks on the other hand will require a couple of months at the least, and the reason for this is due to the fact that they have stringent and complicated qualification criteria which slows down the entire processing.
We also do not require high credit scores to provide fast business cash advance, and for those that are looking for funding with poor credit, this is the solution. We often work with credit scores that are in the low to mid-500s, and this is not a problem because credit scores are not a part of our qualification criteria. Banks on the other hand do not work with credit scores that are not in the 700s or over that, and this can be a problem for many small business owners.
We do not require collateral either, and typically this is an excellent feature for small business owners, many of whom do not possess the necessary collateral to proceed with the application. Banks do require collateral from small businesses if they plan to fund them, and this can get complicated with the banks.
For more information related to the small business cash advance loans that we provide, contact us. Our funding team will provide you with the information you require, and also assist you with the application form. Alternatively, you can click on the ‘apply now’ tab and fill in your details yourself if you wish to complete the application process directly online.