Start-up businesses multiply in number during economic downturns, and more and more people employed by traditional companies are finding an advantage to starting or buying their own businesses. Women, especially are attracted to the concept of being their own bosses and being in control of their financial and career destinies.
Difficult financial times make it even more challenging to get a business loan, or line of credit, than under the best of circumstances. If your business has gone through some bumps of its own, like missing some vendor payments, or being slow on the rent, chances are, yours, and your business credit records have received a few negative hits, as well.
With the consolidation of local banks, it’s tough to have a relationship with a local banker anymore, and often the local guy isn’t even the decision maker. S/he isn’t going to know you, or your story, and if they even consider granting you credit, it’s going to be on stiff terms and take weeks to close.
That’s not going to help.
There is a facility that can deal with providing financing for businesses seeking small business loans for women with bad credit. It’s not a loan, it can close quickly, and it offers flexible repayment terms.
The solution is an advance against your credit card processing batches from Principis Capital. After completing a brief application online and supplying some additional documentation, you can have an offer for funding or a line of credit, generally within 24 hours.
Principis essentially “purchases” a portion of your future credit card processing receipts in advance, and it is paid back with a percentage of each batch you process in future months; therefore the repayment isn’t a set amount, but based on your monthly batch processing.
Principis does business with a wide variety of types of businesses that many banks and finance companies won’t even touch: bars, restaurants, salons, day care, franchises, retail and many more.
Use your advance for any purpose – operating capital, payroll, expansion, it’s up to you.
If you’re in the position of seeking small business loans for women with bad credit, consider the fast, convenient flexible alternative offered by Principis Capital.