“I have bad credit. Can I apply for quick business funding?”
Life happens. At Solar Capital Group, we know there are two sides to credit; it can either help you secure great rates and terms — or squash your financing ambitions. You may have missed credit payments in the past, or a past bankruptcy continues to haunt your credit years after the fact. We’re here to help.
Business owners with credit scores in the area of 450 may still qualify for quick business funding so long as the business has documentation showing $15,000 in monthly revenue, and solid revenue growth.
Seeking a loan when you have bad credit may delay the process a few days, and you may not qualify for the same rates and terms enjoyed by those with good credit. But, taking out a business loan and keeping up with the payments can be a great way to restore your credit and finance your business.
If you have a problematic credit history and would like to learn more about which loan product is best for you, call Solar Capital Group at 888-401-5199. We have lending specialists on hand to answer your questions and make recommendations.