Financing is tough at the best of times, and sometimes nearly impossible in a rough economy with high unemployment. Connexx has the tools and the experience to help you get the business financing you need.
During our years in the industry, we have learned the best methods to negotiate unsecured small business loans for bad credit and how to secure funding in situations where working capital is low.
Even with a bad credit score, you can get a small business loan, but the application process is time consuming and frustrating. And, a traditional small business loan may not represent the kind of financing you need in the face of poor credit.
This does not mean, however, that a business loan for bad credit is an impossibility. There are many other valuable and viable business funding solutions.
A merchant cash advance, for instance, is an agreement in which the lender advances money on future projected income earned through credit card sales.
Established businesses registered in the United States who can offer proof of gross monthly revenue can qualify for as much as $500,000 in just three days.
Repayments are made as a deduction of actual daily receipts at an agreed upon percentage. Rather than being forced to meet a difficult payment schedule, MCH payments respond to seasonal and other business peaks.
(For non-credit card receipt situations, there is a variation on this arrangement, an ACH, which may be more suitable for your particular business.)
If you are interested in business loans for bad credit or want to learn more about unsecured business loans, the experts at Connexx can help you reach legitimate, reliable financing resources.