We Provide Alternatives to Small Business Loans for Women With Bad Credit
Women own 10.6 million businesses in the United States, and that number is set to grow. But that doesn’t mean that getting the financing their businesses need is any easier. All small business owners face the same difficulties when it comes to procuring funding. Business capital is hard to come by, and banks don’t seem to understand the needs of small businesses — as if jumping through all their hoops wasn’t bad enough, waiting to get the money you need from a traditional small business loan could take weeks or months.
And that is, of course, assuming you get approved at all. Female entrepreneurs who intrepidly follow their dreams and open a business of their own have more than their fair share of hardships to deal with. Oftentimes sacrificing their personal credit to get their businesses off the ground is one of these pitfalls they must face. But small business loans for women with bad credit aren’t easy to come by. Banks can be very selective and are not looking to offer small business loans for women with bad credit. Banks have always been very restrictive about who they lend to, setting high standards and requiring unreasonable amounts of paperwork from prospective businesses. If you have bad personal credit, you will find it next to impossible to find a bank that is willing to give you the time of day. However, many female entrepreneurs have invested everything they have – including their own credit rating – to get their stores off the ground.
How We Can Help
But at Principis Capital, we understand the realities of small business ownership. Our alternatives to small business loans for women with bad credit let merchants and business owners get the financing they need right away, regardless of credit. The merchant cash advances we offer are better than conventional bank loans because they are designed to meet your needs. Quick and easy, our financing has no fixed deadlines and offers flexible monthly payments that go down when your business is slow.
As more women prepare to open businesses of their own — restaurants, stores, franchises, hotels, or others — it’s important for them to understand all the financing options they have available to them. Remember, there are alternatives to small business loans for women with bad credit available to you! Instead of becoming discouraged by banks and other lending institutions that judge them by a number, we encourage all small business owners to contact us at Principis Capital and find out how we can help you.