• Unsecured Business Credit Program Application
• Unsecured Business Credit Card
• Unsecured Business Credit Lines

How Do I Get a Business Loan With Bad Credit?Business owners with bad credit can often struggle to get a business loan. Banks don’t see the whole person. They see credit scores and risk factors. To the banks, it doesn’t matter if you have excellent sales, plenty of recommendations, and other evidence that you’ll pay back your funds on time.

Unsecured Business Credit Program Application

If you have a bad credit score, your chances of getting your funds can be nearly impossible.United Capital Source works differently. We’ve worked with way too many hardworking, trustworthy, and capable business owners with bad credit scores to believe that your credit score is everything.

Here, we see credit score as just one small piece of the puzzle. As long as the big picture comes together, then you can get approved for your loan. At UCS, we offer bad credit business loans for borrowers who with poor or little credit history.Compared to other loan types Loan typesMax AmountsRatesSpeedMerchant Cash Advance$7.5k – $1mStarting at 1.091-2 business daysSBA Loan$50k-$10mStarting at 5%3-5 weeksBusiness Term Loan$10k to $5mStarting at 5%1-3 business daysBusiness Line of Credit$10k to $250kStarting at 8%1-3 business daysReceivables/Invoice Factoring$50k-$10mStarting at 5.8%1-2 weeksEquipment FinancingUp to $5m per pieceStarting at 5%3-10 business daysRevenue Based Business Loans$10K – $5mStarting at 9%1-3 business days. Who Qualifies for Bad Credit Business Loans?Do business owners with bad credit have a harder time getting funds than business owners with good credit? Not at United Capital Source. At UCS, we preliminarily look at your last three months of bank statements. As long as you can provide those documents and your business makes consistent revenue, then you have everything you need to apply for your bad credit business loan.

What Kind of Loan Options Are There For Bad Credit?If your credit score is less than impressive (think 629 or lower), there are certain loan options available. It is very important, however, to seriously consider what your options are, as many bad credit loans are harder to pay back with high interest rates, and demanding repayment schedules. Be sure to explore all of your options, and find the most affordable loan for your business model. Some examples of loans for poor credit include:. How to Apply for Business Loans with Bad CreditSo, how to you start your application?

With United Credit Source, it’s easy. We have a quick and straightforward business loan application process. Just complete the steps below, and you’re on your way.

Think About Your NeedsWhat kind of business loan do you need? How much funding do you need? When you consider these questions ahead of time, you have a great starting point. If you’re not quite sure, don’t worry.

We can work with you to figure out the best plan. You can chat with one of our experts at any time, and we’ll help you determine which path will work best for you. Gather Your DocumentationLike we said, we only look at your last three months of bank statements. However, if it helps you get you more favorable terms, we might as for a few more months’ worth of statements. Your application process will go a lot faster if you grab these documents ahead of time. Here’s what you’ll need to apply:.

Driver’s license. Voided business check. Bank statements. United Capital Source 1 Page ApplicationFill Out Your ApplicationNext, simply fill out your application with United Capital Source. You can submit your application online, or you can call us. We often approve applications within 24 hours, and depending on the type of business loan, you could have access to your funds within just a few business days.

How Do Bad Credit Business Loans Work?Like we said above, we look at the big picture, not just your credit score. After all, the smallest things can impact your credit score. For example, if you miss one payment, your credit score could drop by 100 points. At UCS, we know that a bad credit score isn’t always your fault. If you miss a payment because somebody else didn’t pay you on time, then your credit score will drop no matter the circumstances.If you have bad credit, you can apply for a small business loan just like anybody else can.

Unsecured Business Credit Card

You submit your application, hear back from us within 24 hours in most cases, and get access to your funds within a few business days of approval.Now, “bad credit business loans” don’t refer to a single type of business loan. In fact, you can get approved for all sorts of business funding programs with UCS. Your financing terms will just look a little different. For example, you may have a slightly higher interest rate, or you might have a more frequent repayment schedule. Many UCS business loans can help you dramatically improve your credit score within just a few regular payments.

Let’s work together to find the repayment schedule that will work best for you without interrupting your cash flow. People Also AskNaturally, if you need a bad credit business loan, you’ll have a few questions. This is especially true if you’ve been turned down by a bank in the past.

Here are the most common things that people ask us about our bad credit business loans. If you have any more questions after reading the ones below, feel free to contact us. We’d love to hear from you, and we’re always happy to answer questions. Do I Need Collateral?Generally, United Capital Source doesn’t need collateral for most programs.

Instead, we structure business loan terms differently for those who have poor credit scores. Why UCS for Bad Credit Business Loans?Why use UCS for your bad credit business loan? First, applying with UCS is much easier than applying with a bank or other credit source.

This is true for all applicants, but it’s especially true for those who have less than perfect credit. With UCS, you have a much better chance of approval than you have with the banks. We see more than just your credit, and we’ll work with you to create the best financing terms possible.Ultimately, it all boils down to this: At United Capital Source, we care about our clients. We see our borrowers as partners in the business world. Nothing makes us happier than seeing our clients thrive in their businesses.

Unsecured Business Credit Lines

If you want to work with a lender who will see you as a person, help you make the best choice, and help you get the funds that you need, then UCS is the choice for you.