Need A Business Loan But Have Bad Credit? Look to Horizon
In today’s economic climate, many entrepreneurs and business owners are having considerable difficulty securing funds to start a new business or financing an existing one. For individuals with bad credit, business loans can be nearly impossible to obtain, as traditional lenders such as banks and credit unions are extremely reluctant to release funds to “high risk” applicants. Additionally, even for those who are able to qualify for bank loans, the rigorous approval process, which can last for weeks or even months, might simply take too long if the capital is needed right away.
While financing programs offered by direct lenders are not technically bad credit business loans, they can provide effective, short-term financing solutions for businesses that require immediate working capital. Short-term lending is great for expenses such as equipment financing or repairs, remodeling facilities, and paying other costs required for operating a business.
Horizon provides fast approval and funding within 48 hours, so you can get the capital you need right away. Our business cash advances range from $3,000 up to $1,000,000. Additionally, there is no fixed repayment term, and our payment plans are designed to put minimal strain on your business' cash flow.
If you are looking for start-up funds, keep in mind that most direct lenders and merchant cash advance providers require applicants to have been in business for at least 3 months. But if you can provide bank statements proving that your business has grossed at least $25,000 per month for 3 months or more, you will likely qualify.
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