Bad Credit Business Loans for Startup & Poor Credit

If you have bad credit or if you are a startup business, you might have trouble finding a loan at traditional banks and lenders. Indeed, conventional loans often require lots of guarantees like a good credit history and assets to provide small businesses with the money they need. Fortunately, Blursoft can connect you to the best lenders to find a loan even if you have poor credit! Keep reading to find out how.

What Are Bad Credit Business Loans for Poor Credit?

Having a poor credit rating can make it hard to get a loan through conventional banks. When your business needs capital, this can be quite dismaying especially if you don’t have any other financing solution. However, you can definitely get a loan even if you have a poor credit rating. The first reflex for most businesses that need a financing solution is to go to their bank. That being said, traditional banks are no longer the best sources of financing for small businesses owners and especially those with a poor credit history. Smart business owners are now turning to alternative lenders. Having bad credit is not the end of the world when you borrow money from alternative lenders like Blursoft’s partners!

Can a Startup Apply For a Bad Credit Business Loan?

It costs money to start a business. Most startups need working capital in their first years. This is true in every business sector and particularly for restaurants, construction companies, dental clinics and cannabis farms. Sooner or later, most new companies feel the need to borrow money for occasional cash flow issues, equipment financing, or staff recruitment. Yet, getting a loan can be quite challenging if your newly founded company doesn’t yet have a credit rating. This can be an obstacle to accessing the cash you need to further develop your business. If you have a bad credit rating, banks can turn you down for a loan even if your company shows strong growth and profit. After having been rejected for a loan, desperate business owners often consider using their personal assets as collateral, but this might not be a wise choice in some cases. If you have already been rejected for a loan by traditional banks, you should turn to an provider of financing solutions like Blursoft. Even if you have a poor personal credit rating, you can still be eligible for a bad credit business loan with Blursoft’s partners. In fact, that’s what we do! We are specialized in providing financing solutions to start-ups with bad credit and/or no collateral.

What Kinds of Bad Credit Business Loans for Start-ups and Poor Credit Does Blursoft Offer?

Blursoft offers a wide array of financing solutions for small businesses and start-ups with poor credit histories. Among our different financing solutions, you can apply for a business and merchant cash advance. This lending product allows you to borrow between $5,000 and $200,000 for up to two years. We have competitive interest rates as low as 18%. A business and merchant cash advance is provided in the form of a credit card that you can use to purchase the goods or equipment that you need for your business. The use of this credit card is limited at $10,000 a month. The business and merchant cash advance is repaid with a percentage of your future sales. We also have another bad credit business loan that allows you to borrow up to $500,000 depending on the loan structure, the number of years you have been in business and your credit score.

How Do I Apply for a Bad Credit Business Loan for Start-ups and Poor Credit?

Blursoft is a leading provider of financial services and solutions that help businesses grow their revenue by providing them with access to capital at competitive rates. Blursoft takes a holistic approach to lending money and understands that there’s more to your business than just a credit rating. Here at Blursoft, we understand that you don’t have time for a lot of paperwork and red tape. That’s why our loan application process is very fast and easy. To apply for a bad credit business loan for start-ups and poor credit, you just need to fill in an online form on our website. After that, one of our loan specialists will quickly contact you to discuss your needs and situation further in order to find just the right financing solution for you. There’s no credit check, and you receive the funds within 24 hours. It’s that easy! Don’t go another day without the working capital you need for your business. Contact Blursoft today!