If you think any of the teams that have ever made it to the Super Bowl got there by complaining, Deflate Gate & Tom Brady aside, you aren’t thinking straight. No! The recipe for any great football team and player is a lot of hard work, action, and a little bit of luck. But that does not mean that things have always been perfect for these stars, after all, they are human too.

Just like the business world, the world of professional sports is tough. Many people spend a lot of time complaining and little time putting into action their dreams. But if you are reading this post then you know that you are not one of those people. You know you are a business owner that has put their dreams into action. But just like professional athletes, business owners can make mistakes too. These mistakes often affect business owner’s credit scores. However, there are people out there to help you and teach you how to get a business loan with bad credit when you need funding.

We hope that you never feel that you are alone in this world. You will always be a business founder, just like any player who has ever won the Super Bowl will always be a Super Bowl champion. Even if you make a mistake with your business. You can recover, just like these Super Bowl Champions have in their careers. Never forget that one mistake does not define you.

4 Super Bowl Mistakes During the Big Game with Superstar Recoveries

Russell Wilson’s Air Pass to the Patriots

Who could forget as the clock was running down for the Seahawks during the 2015 Super Bowl, when Russell Wilson made a pass attempt to Marshawn Lynch that was intercepted and essentially sealed the win for Tom Brady’s club. Many were left to wonder in that last minute where was Marshawn Lynch? He may have been thinking like most of the rest of country, why was Wilson throwing the ball?

Despite the pass, Wilson was signed to a 4-year deal with the Seahawks valued at $87.6 million. At the time of the contract signing, Wilson was the 2^nd highest paid player in the league. In 2016, he was selected first to play in the Pro Bowl, ultimately winning the Offensive MVP title for the game.

Christina Aguilera’s National Anthem

In 2011, the powerful voice of Christina Aguilera was expected to be a high note to kick off the big game. Unfortunately for Christina and any American watching, we know that she botched the lyrics to the countries national anthem.
Fortunately, Christina did not let this near-career altering blunder stop her from continuing her path to superstardom. In fact, she went on to a successful career on NBC’s hit TV show The Voice and is currently dating country superstar, Blake Shelton.

Justin Timberlake and Janet Jackson’s Wardrobe Malfunction

It was the slip that was seen around the world. Back in 2004, JT & Janet Jackson were performing live during the Super Bowl halftime show and at the end of their set, Justin accidently ripped off a piece of Janet’s clothing creating a situation like no other Super Bowl had seen before. Thankfully, both of their careers rebounded. Justin released SexyBack, appeared in several movies; as well as, married Jessica Biel and become a new parent. Janet went on a world tour and became a new mother in the same time frame.

Baskett Bobbles the Onside Kick

With everything on the line in the 2010 Super Bowl, the New Orleans Saints went for a risky onside kick play. It looked like Hank Baskett and the Colts would be able to receive the ball. However, it bounced off Baskett’s face mask and the Saints recovered it. Ultimately the Saints won the game and Baskett was released the following day from his club. He was then caught in a scandal that revealed he was assisting the Saints during the game.

After bouncing around to several teams, Baskett had a successful career in reality television with wife Kendra Wilkinson. The couple has welcomed two children into their family and enjoys the simple life. Baskett is comfortably retired from the game.

Now is the Time to Start Acting and Stop Complaining

Even though these superstars experienced blunders at the Super Bowl, potentially the world’s biggest stage, they all continued to work hard to achieve their dreams. Everyone is going to make mistakes. It is all up to you if you choose to just complain about what you don’t have or start taking chances to change it. If your business needs a little help, just because your credit score is low, that is no reason to think you can’t get a loan. Don’t let your business go under because you are complaining about the system. In fact, the system has created business loans for bad credit to help companies just like yours get back on your feet.

Even mistakes made during the Super Bowl can be overcome. We gave you plenty of examples of people that turned a bad situation into a great career. Now let us help you continue building the business you have worked so hard to create.

Finding Business Loans With A Bad Credit Score

The Bad Credit Issue

Finding a lender who is willing to loan you money when you have bad credit can be a challenge. Credit is something that most traditional lenders take into consideration when considering you for a loan. Getting business loans with bad credit score is completely different. This is due to the fact that most traditional lenders do not offer their loan products to those without good credit. If they do offer you a loan product, they will do so at a much higher interest rate than a borrower with good credit.

Another consideration from the banks will be how stable your business model is. Have you been in business for a number of years? Banks are typically looking to lend to businesses who have been in business for at least two years. If you are looking for business loans with bad credit score they will often look for a much stronger business history.

What You Need For Business Loans With Bad Credit Score

Banks are going to ask to review your financial statements over the last few years in order to consider you for a loan. If your books are not up to date or accurate, the bank will easily find a way to deny you for the funding.

Another expectation of a bank is going to be collateral to put up against the loan. For a business, this can often be personal collateral meaning your personal property such as a home or boat. Or it can often mean something that is in the business’ name like a building or a piece of machinery.

If you are looking to use a bank for business loans with bad credit score, it will be extremely difficult to get approved. Meeting bank requirements can seem impossible and frustrating.  In addition, even if you secure a loan via this route, there are still several potential issues, but the biggest one, by far, is interest rates. The business loans available for those with bad credit all carry, on average, a far higher interest rate. This means that in your attempts to deal with your bad credit issues, you may end up digging yourself into a bigger financial hole. This conundrum has led to a rise in alternative funding opportunities, like merchant cash advances.

Getting Funding With Bad Credit

eBusiness Funding helps businesses that may struggle with traditional lenders. To do this, we provide merchant cash advances. These are accessible to a wider spread of businesses than bank loans or private lenders. 95% of businesses that meet our simple requirements qualify for funding. All you need is to be in business for at least six months, with over $10,000 in monthly revenue. With us, it’s not about past credit history or collateral, but about your business’s potential.

It’s important to us that you use the funds we offer in the most helpful way possible. As a result, so we place no limit on how you spend our advances. Payroll, expansion, repairs, spend on what you need! We also get you your funds fast, sometimes as soon as 72 hours after you first apply. Repayment is also very simple. Rather than large monthly payments, we take a set part of your future sales. This is set up by our skilled consultants. This percentage stays the same, so if business slows down, you pay less.

Interested? All it takes to begin is filling out a simple contact form. We’ll be waiting, and are looking forward to helping your business get the funding support it needs.

Where can I Find Business Loans with a Bad Credit Score?

Not everyone grew up in a household that understood financing. Having a bad credit score is unfortunately not uncommon. But sadly, it can really hurt you in the long-run. This is especially true when it comes to running your own business or applying for any type of financing. But you don’t need to panic yet because you can still receive business loans with a bad credit score, you just need to know where to find them.

Many business owners often wonder where to find financing for my business? This is because the majority of small businesses on the market are going to need financing at some point in their business’ lifetime. But many funding sources may be out of reach if you haven’t had the best financial times and managed your credit score effectively over the years. Some financing options that are probably not an option for a person with bad credit include:

• Bank Loans
  • Although this a great option, banks have extremely high lending standards. This is due to regulations mandated by the federal government. That means having a poor credit score is a big red flag against you.
• Some Business Credit Cards
  • Even though this is not a typical business loan it is an option to finance a business through. But credit card companies are going to take into account your credit score. They are looking to see if you have been responsible with credit in the past. If you have been irresponsible with your, they may deny you moving forward.

But you should not allow your credit score to hold you back from achieving your dream of financing your business. There are many alternative lenders that are popping up to get people approved for business loans with a bad credit score.

What should I look for from a provider when it comes to business loans with a bad credit score?

• First, you are going to want to look for an option that doesn’t look at your credit score. For the companies that take credit score into account, you will be put into a high-risk category and even if you do qualify, you will be charged a higher interest rate.
• Next, you are most likely going to want to find an alternative funding provider. This is because many alternative funding options are not regulated in the way the traditional credit card and financial industries are. That is how they can elect to not look at your credit score.
• Consider finding a provider that will be able to help you build back up your credit score. Many providers can also educate you on financial management.

As you face your funding challenges and are looking for business loans with a bad credit score consider these options as a way to get started:

• Local and National Grants for New or Small Businesses
  • There are many grants available for women and minority-owned businesses; as well as, small businesses. This is a great option to get started with financing because they are typically offered as “free” money with some simple requirements.
• Talk to your Friends and Family
  • If you can’t qualify for a bank loan or credit cards to kick start your business, the people who know you best are a great option. Most family members will not charge you interest when it comes to the loan. Something that is comforting for your friends and family to know is that 50% of all business owners have financed at least a portion of their business through friends and family.
• Microlenders
  • Consider looking into microlenders as a potential option if the amount you need is under $25,000.
  • What is great about this loan option is that it is a nice way to start building back up your credit score. But make sure you do your research to find the best interest rate you can qualify for.
• Merchant Cash Advance
  • If you need cash fast, a merchant cash advance is an option to consider. This alternative funding provider will not dig into your credit score. Their requirements are much simpler than a bank’s and many other financing options.
    • At eBusiness, there are only 2 requirements. The first is that you generate at least $10,000 a month in revenue. The second is you have been fully operational as a business for at least six months. If you can meet those 2 requirements, you have a 90% chance of being approved.

At eBusiness, we understand that mistakes happen. Not everyone can have that perfect credit score. That is why we make it simple for businesses to start growing their brands fast! We want to see all of our customers thrive and if we can be a part of that, we want to be.

Ready To Get Started?

Contact eBusiness Funding now at 305-985-6593 or complete the contact form on this page now.

Do Business Loans with No Credit Check Exist?

Credit is a funny thing when it comes down to it. Many people who are beginning to open their own businesses were not brought up in households that understood credit. The concept of a credit card was an offer given to you in your college dorm mailbox or maybe on the table in the cafeteria. This is where many people ran into problems with credit from the very beginning. I can remember when it seemed that every company was offering a free t-shirt to get students to sign-up for a card. The problem with this method was it led to an increased access to funding. This allowed students to pay for trips and non-essentials. And then the students with the cards had no means to pay them off. This issue is sadly leading to several business owners searching the internet for business loans with no credit check.

If you are one of the thousands of people that is still recovering from the effects of these promotions, don’t worry. We know that you have worked hard to rebuild your credit reputation. We know that rebuilding your credit can’t happen overnight. Even though these practices by credit card companies have been limited, they still exist. Thankfully the internet has led to a higher level of awareness of what credit is. But for many, they are still feeling the effects of poor credit decisions early in their adult lives and it is affecting their businesses.

So how does having poor credit affect your business’ ability to get a loan?

• Almost every single traditional bank is going to pull your credit score when you apply for funding. If they see you are below a certain score they may refuse you the loan. Even companies with good credit are being turned down by financial institutions.
• Even if you have good enough credit that a company is willing to give you a loan, you will often face a much higher interest rate than someone with perfect credit.
• Each lender is going to give you a risk score. If you risk score is below a certain threshold, you will be denied. If your score falls into a certain range, your rate will be affected but you can still qualify. Then it will be up to your business to decide how bad you need the funding and if you are willing to pay the higher fees.

So as you can see, if you are now at the point where you are starting your business, credit becomes a much bigger deal. Even if you are applying for personal loans like a home or auto, you could have problems if your credit is poor. Thankfully for individuals who are struggling with their credit there are options for business loans with no credit check. But they are often going to come with much higher interest rates and/or fees associated with them, due to your risk score. But not always, so don’t worry.

Alternative to Traditional Business Loans

One option for non-traditional business loans with no credit check is a merchant cash advance. This is a great way to get access to business funding quickly. This funding source is not considered a loan but an advance. Unlike a loan, you will be paying a fixed daily percentage of your credit card transactions. Compare this to a traditional loan where you will pay a fixed amount each month.

Many businesses like this option because they do not have to worry about coming up with a set amount each month. They can focus on growing their business. This choice also has an automatic withdrawal so you don’t have to be concerned about forgetting or missing a payment.

Ready To Get Started?

Contact eBusiness Funding now at 305-985-6593 or complete the contact form on this page now.

Does Bad Credit Business Lending Exist?

Finding a lender who is willing to loan you money when you have bad credit can be a challenge. Credit is something that most traditional lenders take into consideration when considering you for a loan. Bad credit business lending is completely different. This is due to the fact that most traditional lenders do not offer their loan products to those without good credit. If they do offer you a loan product, they will do so at a much higher interest rate than a borrower with good credit.

Another consideration from the banks will be how stable your business model is. Have you been in business for a number of years? Banks are typically looking to lend to businesses who have been in business for at least two years. If you are looking for bad credit business lending they will often look for a much stronger business history.

Banks are going to ask to review your financial statements over the last few years in order to consider you for a loan. If your books are not up to date or accurate, the bank will easily find a way to deny you for the funding.

A fourth expectation of a bank is going to be collateral to put up against the loan. For a business, this can often be personal collateral meaning your personal property such as a home or boat. Or it can often mean something that is in the business’ name like a building or a piece of machinery.

If you are looking for bad credit business lending from a bank, it will be extremely difficult to get approved. Meeting bank requirements can seem impossible and frustrating.

Another Way Forward

Businesses with owners who have bad credit still need funding, whether it is to help grow your businesses or sustain daily operations. These options are typically called alternative funding sources. This type of funding provider looks beyond bad credit and consider various other options for your business. Typically, looking at your operating model and to the future of your business. Focusing less on your past. Alternative providers understand starting a business is hard. They also understand that people make mistakes. One of these options is known as a Merchant Cash Advance.

At eBusiness, we provide merchant cash advances to clients in various situations. Some are looking for payroll funding while others are looking to help run their daily operations. We often work with business owners who are searching for the right bad credit business lending options.

Our Requirements Are Simple:

• You have been in business for a minimum of six months
• You make $10,000 in monthly sales revenue

Learn more here Do I qualify?

We Act Completely Different From A Bank As Well In Respects To:

• We have a very simple application process.
• We get back to you within 24 hours if you have been approved or denied.
  • Over 90% of those who meet our minimum requirements are approved.
• We are not going to ask you for a business plan.
• We are not going to ask you how you plan to use the funds to grow your business.
• We never hold personal or business collateral against the advance.

So if you are ready to learn more about our options for bad credit business funding, reach out to us today! Get the funding your business deserves fast. Call us now.

Is Bad Credit Business Funding Real?

Have you ever wondered if your credit will hurt you in the long run? Sadly, as a business owner, having bad credit can leave you with limited options for getting bank financing. Due to increased regulations, the lending market is tighter than ever. Banks are only loaning to the most qualified lenders. Having bad credit can be a huge red flag for financial institutions. It can also be a way to get turned down immediately. If you have bad credit you may be asking, “Is there an option for bad credit business funding or what can I do?” The answer is yes – there are options out there for business owners with less than ideal credit.

“What options do I have for bad credit business funding?”

Payday Loans

Depending on the payday lender you work with there are several options for you. This option allows you to write a check and give it to your borrower. The borrower will advance you funds and agree not to cash the check until the agreed upon date. This will give you business immediate access to funds.

It is important to keep in mind that when you borrow from a payday lender to only borrow what you need. Typically, the payback schedule is based on when your payroll cycle runs. Lenders will often offer you the option of renewing your loan which is similar to refinancing a bank loan. However, these come with high fees and can really cost you in the long run.

Factoring

Allows small businesses to take advantage of their unpaid invoices. This option gives companies the ability to use their invoices as collateral to get funding quickly. Small businesses take back the timing of when they get paid from their slow clients.

Start-Ups

There are a variety of start-ups that look at things other than your credit score when it comes to financing. Companies like Fundbox and OnDeck are out there. OnDeck offers loans and lines of credit similar to a bank without the emphasis on your credit score. Fundbox focuses on invoice financing. This is similar to factoring in a number of ways.

Merchant Cash Advance

A merchant cash advance is an option that looks at where your business has the potential to go. We would rather look towards the future of your business than focus on your past. We don’t feel that your credit history should dictate if you are approved or denied for funding because it is just that, history. We want to focus on helping you grow your business.

Receiving a merchant cash advance is simple. As long as you meet our minimum qualifications.

• Have been in business for six months or longer
• Generate at least $10,000 a month in revenue

The application process is just as simple as our qualifications. All you need to do is apply online through our simple form. After we review your application, we will let you know how much you are approved for. The approval amount can range from $5,000 and $500,000. Just three days after you apply, we will deposit the cash into your bank account. You can be spending the money that same day.

As you consider the options that are available to you if you have bad credit and are looking for bad credit business financing, consider your business model. All of the options we have discussed have many benefits but are not without their risks. Determining what is right for your business is important. Give us a call today and we can help you determine what option may be right for you.

Ready To Get Started?

Contact eBusiness Funding now at 305-985-6593 or complete the contact form on this page now.