Small Business Loans Bad Credit
When a CEO of a small or modest size business feels the need to apply for a loan, it is often a necessity in order to ensure their company’s survival. That’s why, when applying for small business loans, bad credit can be a serious obstacle in the way of a business’s success. However, at Advantage Capital Business Loans, if a loan applicant is suffering bad credit, business loans are still open that are simple, quick and easy to get approved.
To those familiar with lending practices at big banks and traditional lenders, it is no secret that small business loans with bad credit are almost always only offered with draconian fixed terms and exorbitant pricing. Indeed, in many cases loan recipients soon find themselves in a far worse position than before taking out the loan. At ACBL, though, our principles hail from a small business background. We recognize the challenges that small and medium size businesses are faced with, and we have made it our goal to create manageable flexible business loans – bad credit or not.
When underwriting a loan, big banks put all the weight on personal credit, value of collateral and debt to income ratio. At ACBL, though, we put the majority of weight on a business’s efficiency and potential. This means that when we create our customized small business loans, bad credit only plays a minor role in the equation. If you have questions about the loan experience at Advantage Capital Business Loans, contact us today, and you’ll even receive a free quote.
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