Don’t Let Bad Credit Get In The Way Of A Small Business Loan
If your credit history has discouraged you from applying for a small business loan or you have already have had an application declined Citi Wide can help. You can get a business loan with bad credit! Banks and private lenders have raised the minimum credit score to the 740+ FICO range leaving a large percentage of small business owners ineligible for a small business loan. If you do not want to put personal assets as collateral our small business loan program is a perfect fit.
So How Do You Get A Business Loan With Bad Credit?
Our programs focus on the cash flow of your small business not your personal credit score. Even with a 500 FICO credit score you can still qualify for a small business loan. Our underwriting team long ago learned that a better way to measure a small businesses creditworthiness is determined by cash flow and growing revenues. Because of this our application process does not require personal financial statements, personal tax returns, or require collateral.
What Do I Need To Qualify For This Program
The main qualifications for our small business loan programs are revenue based not personal credit score based. Typically a business needs to deposit over $10,000 a month into a business bank account. Working capital is available to small businesses that have been incorporated or filed with their Secretary of State over 1 year. If your business has a strong revenues this requirement can be waived. If your business is seeking $35,000 or less you can submit our application and upload 1 bank statement and receive an offer within 24 hours. If you are looking for more then a $35,000 business loan we will require 3 business bank statements.
Call us today and see what your business qualifies for (855)400-3863