Need Money for Your Business?
Having working capital on hand can make or break your business. You might need the cash to hire more employees, expand your business, or buy inventory. But having bad credit makes the getting this money difficult. Most banks will not lend to you if you have poor credit, and if they do the bad credit business loans they offer will most likely have restrictive terms and only cover a small amount of the funding you need — not very helpful, right? Fortunately, there are solutions for hardworking people with bad credit. Even business owners with extremely poor credit — FICO scores in the 400s, past bankruptcies, judgments, and no significant credit lines — can qualify for an alternative funding source called a merchant cash advance. Learn more about merchant cash advances.
It’s all based on an asset that your business already has: credit and debit card receipts. If you have at least $5,000/month in credit/debit card transactions then you are well on your way to qualifying for a merchant cash advance.
Bad Credit Business Loans Aren’t the Only Option
Principis Capital specializes in these alternatives to bad credit business loans. At Principis, we know what business owners are looking for and need in a funding source.
That’s why our program is built for small business owners with bad credit. Our proprietary scoring model takes many factors into account, including your business history, the type of product or service you sell, your business location, the stability of your sales stream, and others. We have funded thousands of merchants with FICO scores in the 400s!
By filling out the online form or calling Principis you can qualify, even with bad credit, for the amount of money you need. The process is fast and stress-free. If you’ve tried for a traditional business loan or an unsecured business line of credit and have been denied, this is a viable solution.
We pride ourselves in helping small business owners with bad credit obtain the funding they need and deserve. Give us a call at 212-560-6312 or fill out our application today. You can get your money in as little as 7 days. So don’t delay any longer.