Unlock $1M Funding with Just a 551 Credit Score! Are you ready to secure the funding your business needs? ✅ Discover how you can get access to up to $1 million in funding, even with a 551 credit score! ➡️ Benefit from flexible lines of credit, build biz credit with ease, and explore multiple loan options tailored for brick-and-mortar and B2B businesses.
🔹 No credit check necessary for initial approval 🔹 Perfect for restaurants, beauty salons, healthcare, and more 🔹 Requires a minimum monthly revenue of $177,000 🔹 Options for bridge loans, Flex Pay loans, and more 🔹 Use funds for renovations, equipment, and inventory
👉 See if you’re prequalified for a loan today and start building your business credit!
*Disclaimer: This content is for educational purposes only and does not constitute financial advice. We may earn affiliate commissions from partnerships.*
CHAPTERS: 00:00 - Bad Credit Business Loans 00:41 - Industries for Bad Credit Loans 02:30 - Minimum Revenue Requirements 04:11 - Business Lines of Credit 05:01 - Bridge Loans
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Are you in need of funding for your business, but you have bad personal credit?
We'll continue to watch this video because I want to show you
one of the lenders that I work with that works with brick and mortar businesses
that have a minimum credit score of a five.
Stick around to watch the entire video for all of the qualifications
and requirements so that you can see if you can get approved
for up to a million dollars in funding in as little as 24 to 48 hours
with this lender.
And also at any time in this video,
if you want to get help with getting approved with this lender,
we do work with this lender directly to help you get funding.
So fill out the form in the description or the pin comments.
So this particular lender has multiple different products.
They have lines of credit that go up to a million dollars.
It's easier to get approved than with a traditional bank.
And they also have loans,
working capital loans, bridge loans, flex pay loans.
We're going to talk a little bit about some of their different products.
But first, we're going to talk about the approved industry types
that they work with and the minimum qualifications.
So all lenders have minimum qualifications.
Some of them don't tell you what they are and some of them do.
But this particular lender works with brick and mortar businesses.
B2C businesses.
And so here are some of the preferred industries that they work with.
So pretty much anything in the health care industry,
as well as restaurants, they also work with barbershops,
beauty salons, dentists, coffee shops.
If you do cosmetic surgery, if you do diagnostic imaging,
if you have a hotel, if you have a mini grocery store, a pharmacy, a photo studio.
So pretty much some of the top brick and mortar types of businesses.
And then they have an expanded portfolio industry for B2B businesses,
such as accountants, as well as landscapers, commercial
landscapers, computer software developers, engineers, radio stations.
So you can pause the video and you can take a look at this list here,
as well as this list, because I'm not going to name every single one word for word.
But if you would like to apply for this lender with our help,
you know, getting approved with them, go ahead and fill out the form
in the pinned comments, as well as in the description.
So the minimum underwriting requirements are going to be that
you have at least 17000 per month in monthly revenue.
So a lot of lenders that will accept
bad personal credit or fair personal credit
are going to mainly look at how your business revenue is doing.
So if you have good business revenue, a lot of times you can get approved
for some type of funding without having good personal credit.
So on the B2C list, if you have a brick
and mortar business on that B2C list, that preferred B2C list
that I just showed you, you can be open for as little as 30 days.
But you will need to show that you have had at least 17000 dollars in sales.
Also, it cannot be a home based business.
And the minimum personal credit score has to be a 551 or higher with Equifax.
That's who they check.
And you also cannot have more than two merchant cash advance loans,
and they cannot be outstanding.
And also, the repayment terms are going to be from 12 to 36 months
on pretty much all of their products.
They do not look at your personal tax returns or anything like that.
They may require some bank statements from your business, but no tax returns.
Now, for the expanded list that they have of types of businesses
that they work with is going to be pretty much the same, except for
if your business is on that expanded list, you will have to at least have
a commercial office space or a warehouse
and have to be operating for at least two years.
The revenue requirements are still the same.
The credit requirements are still low.
But for that particular list is going to be a minimum of a 601 or higher.
So they also have a restricted list.
Homemade businesses are on this list as well as anything that has to do with
credit law or adult services, religious organizations, movie theaters, etc.
You can pause and look at this list to see if your type of business is on this list.
If it is, we still have lenders that may work with your type of business.
So you can still fill out the form
if you have a minimum of $10,000 in revenue
and you have a lower personal credit score, or if you have
higher personal credit score over 680
and you don't have $10,000 a month in revenue,
we can help you with getting a loan or startup funding
if you don't have any revenue at all.
Now, let's talk about their lines of credit really quickly.
You only going to pay for what you actually borrow.
So you can get a line of credit around 100,000.
You may only borrow 50,000.
You're only going to pay that 50,000.
So the initial approvals only take between 24 and 48 hours.
They do have three different types of lines of credit,
but this is their regular line of credit.
This one goes up to 50,000 in terms of two, three years or 36 months.
You can even get a line of credit of as little as $5,000,
but it is going to be revolving.
So once you pay it down, you can also withdraw from it again.
You can withdraw that money directly to your business bank account.
Unlike credit cards, you have to do either cash advance.
You have to know those different liquidation methods out there
in order to liquidate credit cards.
But the advantages of those is that you may be able to get zero percent
interest personal credit.
But for this particular line of credit, you don't have to have the personal credit.
You just need to have revenue.
You can also combine the business line of credit with their flex pay loan
so you can defer up to 50 percent of the principal on your future payments
and pay it back when you have the money to pay it back.
So the interest you pay is also tax deductible.
And they also have other types of lines of credit,
like the interest only line of credit,
which you will have to have at least one point five million per year
in annual revenue.
And then they have the bankroll line of credit.
This one actually goes up to the million dollars that I stated in the beginning.
And then you also may have up to 36 months to pay it back.
You may have fixed weekly payments for this particular line of credit.
And then this one also does have a minimum initial draw of five thousand dollars
or 10 percent of the line of credit approval.
You can use the funds for pretty much anything.
Renovations, equipment, financing, purchasing inventory
and the minimum requirements are the same for this one.
And then also there are bridge loans.
These also go up to one million dollars.
So this one is going to be a short term loan
that helps you facilitate growth projects or investment opportunities
that you expect high returns on.
So you typically only get these types of loans
when you really intend to pay it back very quickly.
You already have something that's coming up
that you already know is going to be profitable.
You need something quick.
This is the type of loan that you get in order to quickly pay for those expenses.
So that's pretty much it.
If you want to apply for this particular lender,
make sure that you fill out the form in the description and in the pinned comments.
Also comment down below if you have any questions.
And we also have a free business funding and credit community.
That link will also be in the description and the pinned comments
where you can look at some extra videos as well as ask questions.
And you also get access to free e-books and guides inside of that community.