BAD CREDIT LOAN OPTIONS.
We are here to provide you with best small business loans fast funding . Every loan is customized and suitable for you. Interest rates for everyone are different because of credit scores also know as (FICO). The business loan application and underwriting process varies by lender. Most banks and lenders follow the same general guidelines. You will have many loan options.
First, we help you determine what type of loan you need. Some of my lenders limit what industries they’ll finance. My lenders look at how the loan funds will be used. We will have to determine how you’ll use the cash before applying for a loan. We will evaluate how much you need to borrow. This can impact the type of loan you will apply for and the best lenders to approach for funds.
Second, you need to know what your credit profile is. What type of credit score do you have? How does your credit report look like? Lenders look at a business owner’s personal credit score when evaluating a loan application. You need to have at least 680 credit score to qualify for an SBA loan or a traditional bank loan, and 630 for equipment financing or business lines of credit. Short-term financing and merchant cash advances have less requirements (averaging around 600 and 550).
Third, when shopping for a small business loan, we help you find offers for small business loans that meet your needs. This can streamline the application process. We gather all online lenders to compare available loan amounts, repayment terms and rates.
Fourth, Lending institutions require a business plan, at least 6 months of personal and business bank statements, tax returns for at least two years and details about any current and past business loans. Lenders require copies of applicable business licenses and legal documents. Some ask details about available collateral and a description of how loan proceeds will be used.
Fifth, Once we find you the best small business loans and prepare your business for due diligence, we send you a formal loan application. The process varies by each of my lenders, so we will help you with any questions 24/7.
Print and Fill out the Supreme Capital Funding Pre-qualifications Form. The best small business loans & loan options Apply here: quick loans, sba loan, personal loans.
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