#startup small business loan with bad credit

[todaynewsonline]

How to Get a Startup Business Loan with No Money

How to Get a Startup Business Loan with No Money:- Starting a business is a dream for many entrepreneurs, but the biggest challenge they face is financing their ideas. While most people believe that starting a business requires a lot of capital, this is not always true. There are several ways to get a startup business loan with no money, and in this article, we will explore some of the best…

[johnsmithstory]

No Credit Business Loans – Funding Options for Businesses

No credit or bad credit? Get the support you need with no credit business loans designed for startups and small businesses. These flexible lending options offer accessible funding even if your credit history is limited, giving you the chance to grow your business while building credit along the way.

[businessstartupideas]

How to Get the Right Funding for Your Startup Growth and Success

Starting a business is fun but also a bit challenging. One of the main things to think about is how to Get the Right Funding for Your Startup Growth and Success. Many people find it hard to decide the best way to get the money they need. Luckily, there are different ways to get money, and each way has good and bad points. In this blog, we’ll talk about different ways to get money for your new business, like using your own savings, crowdfunding, angel investors, vFenture capital, grants, and startup help centers.

1. Bootstrapping: Using Your Own Money to Start

Bootstrapping means using your own money to fund your business. Many people start this way because it doesn’t require giving away any part of the business. With bootstrapping, you use personal savings, credit cards, or other money to help start your business.

Advantages of Bootstrapping:

Full Control: You make all the decisions because it’s your money.

No Debt: You don’t have to pay back loans or deal with interest.

Freedom: You can run your business however you want without anyone telling you what to do.

Challenges of Bootstrapping:

Risk: If the business fails, you could lose your personal savings.

Limited Funds: You may not have enough money to grow your business fast.

Slow Growth: With less money, expanding your business might take longer.

Bootstrapping works well if you have the money and are okay with some risk. But it might not be the best choice if you need a lot of money right away.

2. Crowdfunding: Raising Small Amounts from Many People

Crowdfunding is a popular way for people to raise money for their business by asking many people to give small amounts of money. Websites like Kickstarter, Indiegogo, and GoFundMe let you make a page where people can donate to your project. In exchange, they might get a gift, your product, or just help you with your idea.

Advantages of Crowdfunding:

Reach a lot of people: Crowdfunding helps you connect with people all over the world, making it easier to get the money you need.

Check if people like your idea: It lets you see if people are interested in your product before you even start selling it. If your campaign works, it means your idea is popular.

No need to give up ownership or take on debt: Unlike other types of funding, like angel investors, you don’t have to give up any part of your business or take a loan.

Challenges of Crowdfunding:

Takes a lot of time: Running a crowdfunding campaign takes effort. You’ll need to spend time telling people about your idea and getting them to contribute.

Uncertainty: Not all campaigns succeed. You might not reach your goal, and there’s no guarantee that you’ll get the money you want.

Your idea is out in the open: When you share your startup idea online, others might copy it or use it to create competition.

[moneyverss]

How to get a low-interest personal loan

Everyone is afraid of taking a personal loan and feels shy about taking a personal loan, but personal loan fulfills the needs of every person, whatever the need may be, such as medical emergency, education loan, home, new house or building loan, etc.

What is a personal loan, types of personal loans, why is a personal loan taken, what are the advantages and disadvantages of personal loan?

Any person can take a personal loan to complete his work. Personal loan is given by different banks and companies and that too at a low interest rate.

While taking a personal loan, you do not have to keep any property as security.

Uses of Personal Loan:-

We use personal loans for various purposes like education, marriage, travel, home construction, medical expenses or buying a gadget.

Education:- We can take personal loans for various purposes like tuition, buying books, paying school fees etc.

Weddings: For wedding expenses like venue rent, catering etc.

Travel: Funding a vacation for which you can pay in advance

Business Expenses: To meet the needs of a startup, purchase equipment or cover operational expenses for a small business etc.

Personal Investments: Investing in stocks, bonds or other instruments

Personal Loan for Women:-

Personal loans for women have the lowest interest rates and the most options to repay the loan. Women can use this money to manage their business and other expenses.

Banks offer different types of personal loans for women that come with low-interest rates and longer repayment periods. Women can use the money to expand their business and meet other expenses.

Fulfill family needs, such as child education expenses, assist in leisure expenses.

Career development: Some personal loans for women may be earmarked for career advancement, such as funding additional education, certification or training programs that can help women advance in their careers.

Here are the pros and cons of Personal loans:-

Pros

A personal loan is the best to fulfill your needs

You can easily get a personal loan from any bank

In a personal loan, you do not have to keep any property as security

A personal loan is the best to fulfill your needs

 Lower interest rates.

Extended loan terms.

 Easier to manage.

Cons

eligibility requirements.

Fees can be high.

Additional monthly payment.

Increased debt load.

Higher monthly payments than credit cards.

Interest rInterest rates can be higher 

 More ates are higher in personal laws.

  Personal loans are not for long term

Why it is important to have a good credit score?

A good credit score can mean access to better lending terms and lower interest rates, but it can also lead to access to other things like lower insurance rates, better credit cards, and more help in renting homes or apartments.

What is considered a good credit score? According to the FICO credit scoring model, credit scores fall into five different categories:

Bad Credit: 300-579

Reasonable Credit: 580-669

Good Credit: 670-739

Very Good Credit: 740-799

Excellent Credit: 800-850

Eligibility Criteria for a Personal Loan:-

The eligibility criteria for a personal loan may vary depending on the lender and the specific terms of the loan. However, there are some general criteria that most lenders keep in mind while evaluating applicants for personal loans

Personal loans come in different types depending on the terms and conditions that most lenders take into account when evaluating applicants for a personal loan.

Age: You must be at least 18 years of age to apply for a personal loan.

Employment status: Those who have a steady source of income, such as regular employment or self-employment.

Credit history: Your credit history and credit score are important factors in determining your eligibility for a personal loan. This can determine whether you will be granted a loan or not and can make you eligible for better terms.

I also took a loan, that too at low interest rates.

Let me explain to you the whole process moneyverss is one of the largest public sector companies in India and offers personal loans at competitive interest rates. Here are some general details and steps you might want to consider regarding your money versus personal loan:-

 Understanding Your Moneyverss Personal Loan:

 Interest Rates: Moneyverss typically offers personal loans at competitive interest rates, which can vary based on factors such as your credit score, income level, loan amount, and repayment tenure.

Loan Amount: Moneyverss offers personal loans ranging from a few thousand rupees to several lakhs, depending on your eligibility criteria and financial profile.

Repayment Tenure: You can choose a repayment tenure that suits your financial situation, typically ranging from 1 year to 5 years for personal loans. Longer tenures may result in lower monthly payments but higher overall interest costs.

Eligibility Criteria: Moneyvers's eligibility criteria for personal loans usually include factors such as age, income, employment status, credit score, and repayment capacity. Meeting these criteria increases your chances of approval and may qualify you for lower interest rates.

Eligibility Criteria: Moneyvers's eligibility criteria for personal loans usually include factors such as age, income, employment status, credit score, and repayment capacity. Meeting these criteria increases your chances of approval and may qualify you for lower interest rates.

Documentation: You would have had to submit various documents to support your loan application, such as identification proof, address proof, income proof (like salary slips or income tax returns), and bank statements.

Steps You Might Have Followed: Application: You would have applied for the personal loan through Moneyvers's online portal, mobile app, or by visiting a branch. The application process typically involves filling out forms, submitting documents, and providing details about your financial situation.

[hildatjames]

These 5 VERY EASY Startup Loan For New Business You Can Get No Matter WHAT

5 Lenders for Startups with Bad Credit

As a Credit Specialist, I'm here to share with you five lenders that can help you secure funding for your startup, even if you have a poor credit score. Let's dive in:

1. Lendesa

Free Freelance Cash Advance: Lendesa offers up to $20,000 in funding with terms up to 18 months and interest rates as low as 20%.

Qualification Criteria: You must have an annual revenue of at least $25,000 (around $1,200-$1,500 per month) and a credit score of 550 or above.

Credit Check Process: Lendesa uses third-party credit bureaus like Clarity, DataX, and Factor Trust to assess your creditworthiness, rather than a traditional hard credit check.

Loan Amounts: First-time borrowers may qualify for up to $5,000, with the option to increase the amount as you establish a repayment history.

2. Yendo

Vehicle-Backed Loans: Yendo offers lines of credit ranging from $450 to $10,000, using your owned vehicle as collateral.

Credit Score Flexibility: Yendo does not focus on your credit score, as long as you meet their other approval criteria, such as having equity in your vehicle.

Repossession Avoidance: Yendo works with you to establish a payment plan that fits your situation, rather than repossessing your vehicle.

Cash Advance Options: The Yendo line of credit can be used for cash advances, providing you with quick access to funds when needed.

3. Fundo

Merchant Cash Advances: Fundo offers up to $110,000 in funding, catering to freelancers, small businesses, contractors, sellers, and franchises.

Qualification Criteria: You must have an active business bank account, a minimum of 3 months in business, and a minimum average monthly revenue of $1,500.

Accepting MLMs: Fundo is more lenient towards MLM (multi-level marketing) businesses, which are often overlooked by traditional lenders.

Importance of Business Structure: Having a structured business entity can help you access more capital and build business credit.

4. Giggle Finance

$5,000 Funding: Giggle Finance provides up to $5,000 in funding, with no credit requirements.

Eligible Entities: App-based freelancers, Uber/Lyft drivers, handymen, task workers, and more can qualify for Giggle Finance's loans.

Minimum Requirements: You must have been in business for at least 3 months and be generating a minimum of $1,200-$1,500 in monthly revenue.

5. Fair Credit

Business Credit Building: Fair Credit provides a subscription service that gives you access to your business credit file and a line of credit ranging from $500 to $250,000.

Credit Reporting: Fair Credit reports your subscription and any lines of credit to the business credit bureaus, helping you build your business credit profile.

Minimum Income Requirement: You must be generating a minimum of $2,500 to $250,000 in monthly revenue to qualify for Fair Credit's services.

Importance of Consistent Utilization: To ensure your business credit is properly built, it's essential to consistently utilize Fair Credit's services, rather than a one-time sign-up.

Remember, while these lenders may have higher interest rates, they can be a viable option for startups with poor personal credit scores. By exploring these alternatives, you can secure the funding you need to get your business off the ground and on the path to success.

YouTube Source: https://www.youtube.com/watch?v=ntzPospMeSI YouTube Channel: https://www.youtube.com/channel/UCwTiSgSSNPiNANoB2cREAAg Related Content: https://www.pinterest.com/pin/604397212522516267/

[ukconsultantdermatologist]

These 5 VERY EASY Startup Loan For New Business You Can Get No Matter WHAT

Navigating Business Funding with Bad Credit

As a Credit Specialist, I'm here to share five alternative funding sources that can help you start your business, even if your credit is less than perfect. Let's dive in:

1. Lendesa

Key Details:

Free freelance cash advance

Up to $20,000 in funding

Loan terms up to 18 months

Interest rates as low as 20%

Minimum requirements: $25,000 annual revenue, 550+ credit score

2. Yendo

What to Know:

Uses your car as collateral

Line of credit from $450 to $10,000

Approval not based on credit score

Helps build personal credit history

3. Fundo

Highlights:

Offers up to $110,000 in funding

Works with freelancers, small businesses, contractors, and franchises

Minimum requirements: 90 days in business, $1,500 monthly revenue

Approvals not based on credit score

4. Giggle Finance

Key Features:

Provides up to $5,000 in funding

Caters to app-based freelancers, ride-share drivers, handymen, and more

Minimum requirements: 3 months in business, $1,200-$1,500 monthly revenue

5. Fair Credit

What to Expect:

Provides business credit file access and Vantage score

Offers a credit card/line of credit from $500 to $250,000

Minimum requirements: $2,500 to $250,000 in monthly revenue

Credit score not a factor

Remember, these lenders focus on your business revenue, not just your personal credit score. By understanding your options, you can find the right funding solution to get your business off the ground, even with less-than-perfect credit. Let me know if you have any other questions!

YouTube Source: Unlock Startup Success: 5 EFFORTLESS Financing Options for New Businesses YouTube Channel: https://www.youtube.com/channel/UCwTiSgSSNPiNANoB2cREAAg Related Content: https://www.pinterest.com/pin/714242822182966558/ https://www.diigo.com/profile/ukconsultant0

[jamescomputer0]

These 5 VERY EASY Startup Loan For New Business You Can Get No Matter WHAT

Five Lenders for Startup Funding: No Credit Required

As a Credit Specialist, I'm excited to share with you five lenders that can help you secure funding for your startup, regardless of your credit score.

1. Lendesa

Merchant Cash Advance: Lendesa offers freelance cash advances with interest rates as low as 20% and terms up to 18 months.

Eligibility: You need to have an annual revenue of at least $25,000 (around $1,200-$1,500 per month) and a credit score of 550 or higher.

Credit Check: Lendesa performs a soft credit check using third-party credit bureaus, such as Clarity, DataX, and LexisNexis, to assess your creditworthiness.

2. Yendo

Car Equity Loan: Yendo provides a line of credit using your car as collateral, regardless of your credit score.

Loan Amount: The line of credit ranges from $450 to $10,000, and Yendo reports to Experian, Transunion, and Equifax, helping to build your personal credit.

Eligibility: As long as you own a car with equity, you can qualify, even with bad or no credit.

3. Fundo

Merchant Cash Advance: Fundo offers up to $110,000 in funding, targeting freelancers, small businesses, contractors, sellers, and franchises.

Eligibility: You need an active business bank account, a minimum of $1,500 in monthly revenue, and at least 90 days in business.

State Restrictions: Fundo is not available in California and New York due to state regulations.

4. Giggle Finance

$5,000 Funding: Giggle Finance provides up to $5,000 in funding, catering to app-based freelancers, ride-share drivers, handymen, and more.

Eligibility: You need to have been in business for at least 3 months and have a minimum monthly revenue of $1,200-$1,500.

5. Fair Credit

Business Credit Building: Fair Credit offers a subscription service that provides access to your business and personal credit files, as well as a credit card or line of credit ranging from $500 to $250,000.

Eligibility: You need to be generating a minimum of $2,500 to $250,000 in monthly revenue, and your personal credit score is not a factor.

Reporting: The subscription and any credit lines you receive are reported to the business credit bureaus, helping to build your business credit profile.

Remember, while the interest rates for these lenders may be higher than traditional financing, they can provide the much-needed capital to get your startup off the ground, especially if you have a less-than-perfect credit history. Start exploring these options and take the first step towards fulfilling your entrepreneurial dreams.

YouTube Source: https://www.youtube.com/watch?v=ntzPospMeSI YouTube Channel: https://www.youtube.com/channel/UCwTiSgSSNPiNANoB2cREAAg Related Content: https://www.pinterest.com/pin/777785798173463709/ https://www.diigo.com/profile/jamescomputer0

[patriciacomputer]

These 5 VERY EASY Startup Loan For New Business You Can Get No Matter WHAT

Five Lenders for Startup Funding with Bad Credit

As a Credit Specialist, I'm here to share five lenders that can provide funding for your startup, regardless of your credit score. Let's dive in:

1. Lendesa

Merchant Cash Advance: Lendesa offers freelance cash advances, with interest rates as low as 20% and terms up to 18 months.

Eligibility: You need an annual revenue of at least $25,000 (around $1,200-$1,500 per month) and a credit score of 550 or higher.

Credit Check: Lendesa uses third-party credit bureaus like Clarity, DataX, and Lexis Nexus to assess your creditworthiness, rather than a hard pull on your personal credit.

2. Yendo

Secured Loan: Yendo provides a line of credit using your car as collateral, regardless of your credit score.

Loan Amounts: Their line of credit ranges from $450 to $10,000, and they report to Experian, Transunion, and Equifax to help build your personal credit.

Eligibility: As long as you own a car with equity, you can qualify, even with bad or no credit.

3. Fundo

Merchant Cash Advance: Fundo offers up to $110,000 in funding, targeting freelancers, small businesses, contractors, sellers, and franchises.

Eligibility: You need an active business bank account, a minimum of $1,500 in monthly revenue, and at least 3 months in business.

Note: Fundo does not consider MLMs as legitimate businesses, but they may still work with you if you're making money online or through an MLM.

4. Giggle Finance

Loan Amount: Giggle Finance provides up to $5,000 in funding, with no credit requirements.

Eligibility: They work with app-based freelancers, Uber/Lyft drivers, handymen, truckers, and more, as long as you've been in business for at least 3 months.

5. Fair Credit

Business Credit Builder: Fair Credit offers a monthly subscription service that helps you establish and build your business credit profile.

Loan Amounts: Their lines of credit range from $500 to $500,000, and they report to business credit bureaus like Small Business Financial Exchange.

Eligibility: You need to be making between $2,500 to $250,000 in monthly revenue, with no personal credit requirements.

Remember, these lenders typically have higher interest rates, but they can be a viable option if you're struggling with bad credit and need funding to get your startup off the ground. Always carefully review the terms and conditions before applying.

YouTube Source: https://www.youtube.com/watch?v=ntzPospMeSI YouTube Channel: https://www.youtube.com/channel/UCwTiSgSSNPiNANoB2cREAAg Related Content: https://www.pinterest.com/pin/775463629617834258/ https://www.diigo.com/profile/patriciacomputer

[jamestanner0]

These 5 VERY EASY Startup Loan For New Business You Can Get No Matter WHAT

Startup Funding Solutions for Bad Credit Entrepreneurs

As a Credit Specialist, I'm here to share five lenders that can help you secure funding for your startup, regardless of your credit score. While the interest rates may be higher with these options, they provide much-needed capital to get your business off the ground.

1. Lendesa

Loan Amount: Up to $20,000

Loan Terms: Up to 18 months

Interest Rates: As low as 20%

Eligibility: Annual revenue over $25,000 (around $1,200-$1,500 monthly), 550+ credit score

Note: Lendesa performs a soft credit check through third-party bureaus, not a hard pull on your personal credit.

2. Yendo

Loan Amount: $450 to $10,000

Eligibility: Own a vehicle with equity

Note: Yendo uses your car as collateral, so credit score is not a major factor.

3. Fundo

Loan Amount: Up to $110,000

Eligibility: Freelancers, small businesses, contractors, sellers, and franchises with an active bank account and at least $1,500 in monthly revenue

Note: Fundo considers MLM and online businesses, which may be excluded by traditional lenders.

4. Giggle Finance

Loan Amount: $5,000

Eligibility: App-based freelancers, Uber/Lyft drivers, handymen, and more with at least 3 months in business

Note: Giggle Finance does not have credit requirements, making it a viable option for startups.

5. Fair Credit

Subscription: Provides access to your business credit file and Vantage scores

Line of Credit: $500 to $250,000, based on your business income of $2,500 to $250,000

Note: Fair Credit reports your subscription and line of credit to build your business credit, regardless of personal credit score.

Remember, these lenders prioritize your business revenue and operations over your personal credit score. By leveraging these options, you can secure the funding you need to get your startup off the ground, even with bad personal credit.

YouTube Source: https://www.youtube.com/watch?v=ntzPospMeSI YouTube Channel: https://www.youtube.com/channel/UCwTiSgSSNPiNANoB2cREAAg Related Content: https://www.pinterest.com/pin/661888476515796244/

[johnsmithstory]

No Credit Business Loans – Funding Options for Businesses

No credit or bad credit? Get the support you need with no credit business loans designed for startups and small businesses. These flexible lending options offer accessible funding even if your credit history is limited, giving you the chance to grow your business while building credit along the way.

[themartyoconnell]

These 5 VERY EASY Startup Loan For New Business You Can Get No Matter WHAT

Here is a summary of the key points about business funding options for startups with bad credit, written in a professional tone:

5 Funding Sources for Startups with Bad Credit

As a Credit Specialist, I'm here to share five funding options that can help you start a business, even if you have poor personal credit. Let's dive in: 1. Lendesa - Offers free freelance cash advances up to $20,000 - Requires at least $25,000 in annual revenue (roughly $1,200-$1,500 per month) - Minimum 550 credit score - Checks third-party credit bureaus, not your personal credit 2. Yendo - Provides a line of credit using your car as collateral - Credit score is not a factor - Offers $450 to $10,000 in financing - Reports to major credit bureaus to help build your personal credit 3. Fundbiz - Offers merchant cash advances up to $110,000 - Works with freelancers, small businesses, contractors, sellers, and franchises - Requires an active business bank account and minimum $1,500 monthly revenue - Available in most states, except California and New York 4. Giggle Finance - Provides up to $5,000 in funding - Targets app-based freelancers, rideshare drivers, handymen, and more - Requires at least 3 months in business - No credit requirements 5. Fair Credit - Offers a business credit file and Vantage score access - Provides a credit card/line of credit with $2,500 to $250,000 in financing - Builds your business credit with monthly reporting - Requires a minimum of $2,500 in monthly revenue Remember, these alternative lenders may have higher interest rates, but they can be a great option for startups with poor personal credit. By utilizing these resources, you can get the funding you need to kick-start your business. YouTube Source: https://www.youtube.com/watch?v=ntzPospMeSI YouTube Channel: https://www.youtube.com/channel/UCwTiSgSSNPiNANoB2cREAAg Related Content: https://www.pinterest.com/pin/753438212691341029/

[seanmorrisisnotyourdad]

These 5 VERY EASY Startup Loan For New Business You Can Get No Matter WHAT

5 Places to Get Startup Funding with Bad Credit

As a Credit Specialist, I understand the challenges businesses face when trying to secure funding with poor credit. However, there are options available that can provide the necessary capital, regardless of your credit score. Let me share five lenders that can help you get started:

1. Lendesa

Merchant Cash Advance: Lendesa offers free freelance cash advances, with interest rates as low as 20% and loan terms up to 18 months.

Qualification Criteria: You must have an annual revenue of at least $25,000 (roughly $1,200 to $1,500 per month) and a credit score of 550 or higher.

Credit Check: Lendesa performs a soft credit check using third-party credit bureaus, such as Clarity, DataX, and Lexus Nexus, to assess your creditworthiness.

Loan Amounts: First-time borrowers can receive up to $5,000, and the loan amount is not heavily impacted by your credit score.

2. Yendo

Vehicle-Backed Loans: Yendo provides lines of credit using your car as collateral, ranging from $450 to $10,000.

Qualification Criteria: You must own a car with equity, and your credit score is not a significant factor.

Missed Payments: Yendo works with borrowers to establish a payment plan that suits their situation, avoiding car repossession.

Cash Advances: The line of credit provided by Yendo can be used for cash advances, with a 29.88% interest rate.

3. Fundo

Merchant Cash Advance: Fundo offers up to $110,000 in funding, catering to freelancers, small businesses, contractors, sellers, and franchises.

Qualification Criteria: You must have an active business bank account, a minimum average monthly revenue of $1,500, and at least 90 days in business.

Exclusions: Businesses located in California and New York are not eligible for Fundo's services.

Credit Score: Fundo does not consider your credit score when evaluating your application.

4. Giggle Finance

Loan Amounts: Giggle Finance provides up to $5,000 in funding, with no credit requirements.

Eligible Entities: App-based freelancers, Uber/Lyft drivers, handymen, task workers, and more can qualify for Giggle Finance's loans.

Qualification Criteria: You must have been in business for at least 3 months, with a minimum monthly revenue of $1,200 to $1,500.

5. Fair Credit

Business Credit Building: Fair Credit provides a subscription service that helps build your business credit profile, including access to your Vantage scores.

Line of Credit: If your business earns between $2,500 and $250,000 annually, Fair Credit can offer you a line of credit ranging from $500 to $500,000.

Credit Reporting: The subscription and line of credit are reported to the business credit bureaus, helping to establish and improve your business credit.

Utilization: It's important to consistently utilize the Fair Credit services to ensure timely reporting and effective credit-building.

Remember, while the interest rates on these loans may be higher, they can provide the necessary funding to help you get your business off the ground or take it to the next level, even with poor personal credit. Carefully evaluate your options and choose the lender that best suits your business needs.

YouTube Source: https://www.youtube.com/watch?v=ntzPospMeSI YouTube Channel: https://www.youtube.com/channel/UCwTiSgSSNPiNANoB2cREAAg Related Content: https://www.pinterest.com/pin/837177018262764469/ https://www.diigo.com/profile/roxannetavares https://roxannetavares.blogspot.com/ https://calendar.google.com/calendar/event?eid=ZzUzc2ZvZnAzYTZubHEwcGJic3RjaWc2dm8gaXpldHRhc21hcnQ2MzRAbQ https://docs.google.com/forms/d/e/1FAIpQLSdGR9Byb5S2jmzuEHgXWKUgRPgwPRweMDf9YpQgDs7_dGrR5Q/viewform https://roxannetavares.wordpress.com/

[davidfmoriarty]

These 5 VERY EASY Startup Loan For New Business You Can Get No Matter WHAT

Startup Funding Options for Businesses with Bad Credit

As a Credit Specialist, I'm often asked about funding options for startup businesses with poor credit. In this post, I'll share five places you can consider, regardless of your credit score.

1. Lendesa

Merchant Cash Advance: Lendesa offers free freelance cash advances with interest rates as low as 20%. However, the transparency around these high interest rates is important to understand.

Eligibility: You need at least $25,000 in annual revenue (around $1,200-$1,500 monthly) and a 550+ credit score. They check third-party credit bureaus like Clarity, DataX, and LexisNexis, rather than your personal credit report.

Loan Amounts: First-time borrowers can typically get up to $5,000, with no impact on your credit.

2. Yendo

Vehicle-Backed Loans: Yendo provides lines of credit using your vehicle's equity as collateral, regardless of your credit score.

Loan Amounts: Their lines of credit range from $450 to $10,000.

Credit Building: Yendo reports to Experian, Transunion, and Equifax, helping you build your personal credit.

3. Fundo

Merchant Cash Advances: Fundo offers up to $110,000 in funding, catering to freelancers, small businesses, contractors, sellers, and franchises.

Eligibility: You need an active business bank account, at least 90 days in business, and a minimum monthly revenue of $1,500.

Restrictions: Fundo does not work with businesses in certain states, like California and New York, due to regulatory reasons.

4. Giggle Finance

Quick Funding: Giggle Finance provides up to $5,000 in funding, with a simple application and no credit requirements.

Eligible Entities: App-based freelancers, Uber/Lyft drivers, handymen, truckers, and more can qualify.

Minimum Requirements: You need to be in business for at least 3 months and have a monthly revenue of around $1,200-$1,500.

5. Fair Credit

Business Credit Building: Fair Credit offers a monthly subscription that provides access to your business credit file and a credit card/line of credit (up to $500,000).

Eligibility: You need to be making between $2,500 and $250,000 in monthly revenue, with no personal credit requirements.

Reporting: Fair Credit reports your subscription and credit line to business credit bureaus, helping you build your business credit profile.

Remember, while the interest rates for these options may be higher, they can be viable solutions for startups with poor personal credit. The key is finding the right lender that fits your specific needs and business model.

YouTube Source: https://www.youtube.com/watch?v=ntzPospMeSI YouTube Channel: https://www.youtube.com/channel/UCwTiSgSSNPiNANoB2cREAAg Related Content: https://www.pinterest.com/pin/624663410847736816/ https://www.linkedin.com/feed/update/urn:li:share:7202184254431141888

[castillocourtney0]

These 5 VERY EASY Startup Loan For New Business You Can Get No Matter WHAT

Here is a summary in professional tone as Houston Mcmiller - Credit Specialist, with bullet points, bold key phrases, and headings, in HTML format:

5 Lenders to Help Start Your Business, Even with Bad Credit

As a Credit Specialist, I'm here to share five lenders that can help you start your business, even if you have bad credit. Let's dive in:

Lender #1: Lendesa

- **Lendesa** offers free freelance cash advances, with interest rates as low as 20%. - You can borrow up to $20,000 with terms up to 18 months, and get the funding within 24 hours. - To qualify, you need an annual revenue of at least $25,000 (around $1,200-$1,500 per month) and a credit score of 550 or higher. - Lendesa checks your creditworthiness through third-party credit bureaus, not your personal credit.

Lender #2: Yendo

- **Yendo** allows you to use your car as collateral, regardless of your credit score. - They offer a line of credit from $450 up to $10,000, and reporting to Experian, Transunion, and Equifax can help build your personal credit. - As long as you meet Yendo's other approval criteria, such as having equity in your car, your credit score won't be a barrier.

Lender #3: Fundo

- **Fundo** provides merchant cash advances up to $110,000, targeting freelancers, small businesses, contractors, sellers, and franchises. - They only require an active business bank account, a minimum average monthly revenue of $1,500, and at least 90 days in business. - Fundo does not consider your credit score, as long as you don't have an open bankruptcy.

Lender #4: Giggle Finance

- **Giggle Finance** offers up to $5,000 in funding, without any credit requirements. - They work with various entities, including app-based freelancers, ride-share drivers, handymen, and more. - To qualify, you need to be in business for at least 3 months and generate a minimum of $1,200-$1,500 in monthly revenue.

Lender #5: Fair Credit

- **Fair Credit** provides a business credit file, access to your personal Vantage score, and a credit card or line of credit. - To qualify, you need to be making between $2,500 to $250,000 in annual revenue, and your personal credit score is not a factor. - The monthly subscription fee is reported to your business credit file, helping you build business credit. Remember, while these lenders may have higher interest rates, they can be a viable option to get your business off the ground, even with bad personal credit. Always weigh the pros and cons and choose the lender that best fits your needs. YouTube Source: https://www.youtube.com/watch?v=ntzPospMeSI YouTube Channel: https://www.youtube.com/channel/UCwTiSgSSNPiNANoB2cREAAg Related Content: https://www.pinterest.com/pin/792000284501519405/ https://www.linkedin.com/feed/update/urn:li:share:7202179194162728960