In best of times, it’s not always easy for a small business to get a loan or line of credit. In a difficult economy, it can be nearly an impossible task to accomplish.
Running a small business is your life; you’ve poured all your financial resources into it, as well as the proverbial blood, sweat, and tears, and on occasion, the difference between success and failure can be the smallest unforeseen financial ‘blip.’
You’ve tried to be a responsible business owner, you’ve made your payroll, paid your vendors, but occasionally receivables, or a bad debt have cropped up; it wasn’t your intention, but you’ve ended up with slightly less than perfect credit.
Tough economy, iffy credit, new business, the odds against a bank loan mount; and with today’s large corporate chain banks, the decision is made a thousand miles away, by someone you’ve never met, and doesn’t know you or your story. They can take weeks to make a decision. On occasion, women owned businesses face an even tougher battle.
There is an answer, small business loans for women with bad credit, and it’s a financial solution that many small business owners aren’t even aware of.
The answer may well be a merchant cash advance against your future credit card processing turnover from Principis Capital.
The advantages are multi-fold:
- There are no fixed payments
- Application process is fast and easy
- No application fee
- You do not have to change your credit card processing company
- Variable repayment options
- Less than perfect credit usually ok
- No hidden fees
A merchant cash advance is not a loan; you are selling a portion of your future credit card sales; so instead of making a regular fixed repayment, you pay back a small portion of your credit card sales each time you process a batch.
The application process is surprisingly short, usually less than thirty minutes; funding can occur within seven days. Many small business use this type of financing as a line of credit, calling on it as the business requires.
Principis Capital has flexibility when it comes to structuring a program for you, they don’t have a standard, set solution that they try to fit you into.
The company deals with a wide swath of industries, many of which banks won’t even touch under the best of circumstances, including, but not limited to: bars, restaurants, daycare, health and beauty, automotive, franchises, and retail. The only ‘set’ requirement is that the business has a physical location.
The firm offers a number of free online tools for owners seeking small business loans for women with bad credit.
Principis will not waste your time; within 24 hours of receiving your application they will be back to you with a proposal.
Applying is easy, a short online form is all it takes to get started.