Tag: Bad

Houston Finance – Personal Loans, Cash Loans, Signature Loans, Cash Advances, Houston Tx #houston

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Welcome to Houston Finance Online. We are one of the first loan companies from Houston Texas that is regulated by the Consumer Credit Commission to publish an online finance program for Houston Cash loans and Houston personal loans. Whether you’re a consumer with good credit looking for a personal loan in Houston. or a person with bad credit having problems obtaining a loan, you have come to the right place. At Houston Finance we have a program for everybody. so it is easy to get approved. For example, if your credit is not the greatest then you might want to consider our two options, an automatic bank debit loan or signature loan. If your credit is in good standing then you can qualify for our Houston Cash Loans or a Houston Signature loan. The great thing about Houston Finance is your interest does not vary on your credit score. In fact we are 10 times cheaper than Payday Advance Companies. Don’t let a payday loan company turn your loan into a bad credit loan. So what are you waiting for? Apply now online or call us at 713-228-2626 .We are located in downtown Houston on the corner of Main and Preston, basement level Suite B-101.

Personal Loan Information and Security

We know that entrusting your personal information to others can be stressful, especially online! We want to ensure you that we take our obligations to protect your personal information seriously. We use the latest web security best practices to protect your data including providing 256 bit encryption on the application page on which you provide your personal loans application data.





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Bad Credit Business Loans #own #business

#bad credit business loans

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Bad Credit Business Loans

Grow Your Business Even with Poor Credit

A poor credit history severely limits your chances of securing a conventional bank business loan. Banks usually deem a business with bad credit history too much of a risk. Even if you somehow manage to convince them of the viability and growth potential of your business, it is highly unlikely that you will be able to acquire funds through traditional means. But, there are still non-traditional lenders who might be willing to offer their assistance. The truth is that bad credit business loans can be found, but the question you must ask yourself is if it is right for your business.

Business Funding Solutions for Businesses with Bad Credit

It is true that bad credit can discourage a traditional lender, but there is still hope for securing financing for your business. Boost Capital offers small business loans that do not carry the burden of a perfect credit history requirement. Your total monthly gross sales and ability to generate revenue plays a more significant role in your approval for funding than your credit score.

A small business loan from Boost Capital could be the answer you have been looking for. This business financing solution has huge advantages for small business owners.

  • Funds are available to you even with poor/bad credit history
  • No need for business plans or extensive financial records
  • Repayment is dependent on your total monthly gross sales
  • Use these funds however you see fit for your business

An important feature of a small business loan is that it does not show up on your credit report as a loan from the bank would. This means that you are free to pursue other financing opportunities.

Put aside your worries about bad credit. Business loans from the bank are not your only option. The flexibility of a small business loan from Boost Capital could be exactly the business financing solution you have been searching for.

For more information on bad credit business loans, click here or call 0800 138 9080 today!

Need a Business Loan?





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Business loans with bad credit #business #loans #with #bad #credit

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Loans.net For All Your Financing Needs

Loans come in a variety of shapes (types), sizes (loan amounts), and prices (interest rates and other costs). From short term payday loan and cash advances to hedge against unexpected emergencies to long term auto and home mortgage designed to finance your prized asset purchases, lenders offer highly customizable financial aid for almost any financial situation you might have.

While personal loans are used to consolidate bills, handle emergencies, finance purchases, or facilitate renovations, for business it is used either to serve as working capital or to facilitate business expansion efforts.

Easy, Three-Steps Application Process

  • Provide some basic information
  • Compare loan offers from multiple lenders
  • Get money as soon as next business day

Find The Right Loan

Personal Loans

If you need money to fulfill a short term or emergency financial need, personal loans may be the right solution for you. Generally, personal loans offer flexible payment terms and come with a fixed payment schedule, interest rate, and periodic payment amount. Once you are approved, most lenders will not restrict your usage for that money and you are free to use it for any legally-acceptable personal need.

Once approved, most lenders will offer the convenience of having your money deposited electronically to your bank account in as little as next business day.

In addition to this broad umbrella of funds and financial aid, there are various subcategories that you may wish to learn about. Personal loans with varying repayment terms are designed for both individuals with good credit and bad credit.

Though not exhaustive, here are some additional varieties of personal loans:

Secured Personal Loan

As the term suggests, a secured personal loan is made in lieu of some collateral that is used as security against the loan amount. This is for the lender s safety.

Unsecured Personal Loan

Unsecured on the other hand, are not made against an asset and are mostly provided for at the lender s terms.

Payday Loan

Payday loans are the short term type that is offered until your next pay check . They carry higher interest rates and are to be returned within the period of a payroll cycle.

Cash Advance

Very similar to a payday loan, cash advance offer short term liquidity until your next pay check arrives.

Auto Finance

Auto or car payment plan will enable you to purchase your next vehicle car, RV, boat, motor cycle, any vehicle purchase that can be financed under the applicable regulations.

Student Aid

Student aid is designed to enable students to complete their education and are either offered through private lenders or the federal government. Interest rates may be low and repayment terms are very convenient.

Debt Consolidation

Debt consolidation is a financial assistance that generally offered by the lenders to enable you to consolidate and repay a variety of debt obligations through one easy loan. No more multiple payments, just one single payment.

Credit Cards

We bet you know this. Yes, your credit cards are also a form of loan.

Home Finance

Whether you want to purchase a new home, refinance an existing one, or make those much needed improvements to your home (home equity), home loans are further categorized as mortgage. refinance, home equity loan, and various other vanilla varieties.

In addition to these broad categories, there are many other loan options that you can choose from and if you browse through our website you can learn more about them.

Business Financing

Thus far we have spoken about personal finance aid, but there is also another subclass that serves small and large businesses and these arrangements are made either as small business loans, line of credit, SBA-backed loans, or other financing arrangements designed to ensure liquidity and business capital for business needs.

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You Can Apply for These Small Business Loans with Bad Credit #turnkey #business

#business loans for bad credit

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You Can Apply for These Small Business Loans with Bad Credit

Small business owners are often turned away by lenders when they have poor credit. That’s because a bad credit score implies you have not managed your finances properly in the past.

Luckily, it’s possible to secure small business loans with poor credit.

A number of alternative lenders are offering loan solutions for bad credit today. These lenders place more importance on the operating history and strength of your business. In other words, they do not focus solely on your credit score when they consider your loan application.

Here are some loans for bad credit options worth exploring.

Small Business Loans with Bad Credit

Kabbage

The best thing about Kabbage is that it does not require a minimum credit score to qualify. It does, however, check your credit history. If you are looking for some short-term working capital, Kabbage is worth trying. You can borrow from its line of credit and repay on an as-needed basis.

To qualify, you should have minimum annual revenue of $50,000 and have been in business for at least a year. You must also have a business checking account, bookkeeping software or an online payment platform.

It takes only a few minutes to complete the online application process and if approved you can get funds in just a couple of days.

Fundbox

Fundbox does not have a minimum credit score or minimum annual revenue requirement. Instead, it takes the value of your invoices and ability to repay the loan into consideration.

Funding is prompt and takes up to just three business days.

To qualify, you must use bookkeeping software or online accounting that can link to Fundbox and have a minimum of six months’ activity in one of these software applications.

OnDeck

OnDeck offers both term loans and lines of credit. You can go for the term loan if you are looking for some quick cash to expand. If you want to manage your cash flow and working capital, a line of credit is your best option.

To qualify for OnDeck’s term loan, you must have a personal credit score of 500 or higher. For a line of credit, your personal credit score should be at least 600.

Once you complete the online application process, you’ll get a decision within a few minutes and funding as soon as the following day.

Interestingly, OnDeck reports your payment activity to the three credit bureaus, which means paying off your loan on time can boost your credit score.

BlueVine

If you lack collateral, have poor credit and unpaid invoices, you may consider BlueVine. The lender offers an advance based on the value of your invoices. Approval is based on the strength of your cash flow and the financial strength of your debtors.

You do need to have a personal credit score of 530 or more to qualify. Also you should have at least $120,000 in annual revenue and have been in business for at least three months.

StreetShares

If you have a new business, StreetShares is a good option to explore. The lender requires a minimum of one year in business and $25,000 in annual revenue. But even if you have been in business for only six months and you can qualify with $100,000 in revenue.

You need to have a minimum personal credit score of 600 or more and a strong cash flow to be eligible.

Dealstruck

Dealstruck is a good option if you are looking for different loan products. The lender offers a term loan for expansion, an asset-based line of credit for businesses with unpaid invoices and an inventory line of credit for businesses that have recurring inventory purchase requirements.

To qualify, you need to have a minimum credit score of 600, although company CEO Ethan Senturia has said that the company accepts scores in the 500 range. You also need at least $150,000 in annual revenue and need to have been in business for at least a year.

A bad credit score may create problems for you when you try securing funds for your business, but it shouldn t stop you from exploring options. You need to understand your needs and look for options that meet your requirements.

Shubhomita Bose is a Staff Writer for Small Business Trends. She covers key studies and surveys about the small business market, along with general small business news. She draws on 8 years of experience in copywriting, marketing and communications, having worked extensively on creating content for small and medium sized enterprises.

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Funding Options for Bad Credit Risks #catering #business

#bad credit business loans

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Funding Options for Bad Credit Risks

For better or worse, your credit score has become your SAT score when it comes to financing. If you have a high score, you ll have a pretty easy time getting credit offers from a wide variety of funding sources. If your score is low or nonexistent, however, you won t.

But a low score isn t something you can run away from, and even if you avoid it, it won t go away. The trick is to fund your business in ways that actually get your score back on track so when you re ready to move your business to the next stage, your score will start opening doors rather than getting them slammed in your face.

Here are some ideas for entrepreneurs with low scores who are faced with funding challenges:

1. Look beyond credit cards and bank loans for financing. Studies show that credit card and bank financing account for just 25 percent of the total funding needs of early-stage entrepreneurs. This statistic should provide you some comfort, because it implies that 75 percent of the money you need can come from other sources that rely less on your credit rating.

While there are credit cards and lending programs designed for individuals with poor credit, these options will typically charge a higher interest rate to compensate for the credit risk posed by a sub-prime borrower. One bank option for those with poor credit scores is a home equity line of credit, though I d be wary of putting your home on the line to finance a risky early-stage venture.

2. Seek loans from your relatives and friends. Everyone likes the idea of entrepreneurship, which may be why, at some point, more than 50 percent of all business owners get financing help from friends and relatives. Chances are, your relatives and friends want to see you succeed and may be able to help make your business dream a reality. They also may not dwell on your poor credit score because they trust you, or they believe your business concept to be sound. (Banks used to evaluate your character and business conditions the way family and friends still do, but credit scoring models have made lending decisions more automated, resulting in the critical power your credit score holds over you.)

If you follow the advice I have shared in previous columns on identifying private lenders and understanding their risk profile. you should be able to get access to cheap, quick and patient business capital. Also, you can now use private loans from relatives, friends and business associates to rebuild your credit score if you use a loan management company to service the loan and report payments to credit bureaus.

3. Investigate microlenders and web-based lenders. There are several nonbank lenders on the internet that now offer microloans to entrepreneurs. These loans are typically in the $5,000 to $25,000 range. Some of these sites are excellent sources of capital for those with poor credit and will also report your payments to credit bureaus which can help raise your credit score if you make timely payments. Be sure to shop around and compare rates since each site offers a twist on how they price loans and spread risk to their lenders/investors. These sites include:

For borrowers who don t have strong credit scores, the interest rates on loans from these sources will tend to be high. For a comparison, the average rate on business loans from relatives and friends is currently at 7.6 percent, according to CircleLending s Business Private Loan Index, whereas the rate was more than 12 percent at Accion and more than 20 percent at Prosper for individuals with poor credit.

If you re accustomed to credit-card-level interest rates, these rates may seem affordable, but remember this: You can make partial payments on credit card debt whereas installment loan agreements may restrict you from making partial payments.

There may be subsidized microlenders in your state that offer more flexible terms; since they re small, they may not have a website or web-based loan application form, however, and may be hard to find. Check www.microenterpriseworks.org to search for nonprofit organizations in your community that have programs for business owners with poor credit. Most states now have at least one microlender. For some business owners, flexibility of repayment is more important than getting a slightly lower rate.

4. Don t overlook gifts and grants. If you need to avoid making debt payments, focus on getting free money in the form of gifts and grants. Your search will be long and hard–despite what you read on the internet, there is no silver bullet here. Be wary of services that promise to locate government grant programs for you. You ll need to do your homework to locate programs that are available for your type of business. Health-care businesses, technology companies, and retail businesses in low-income areas tend to qualify for grant money. Other forms of free money include gifts from relatives, free office space from former employers, and free services from friends or business associates. If you re creative, you can reduce your startup costs by brainstorming a list of people who would be willing to provide you with gifts and subsidized loans.

Copyright 2016 Entrepreneur Media, Inc. All rights reserved.





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Bad Credit Business Loans #small #businesses

#bad credit business loans

#

Bad Credit Business Loans

Grow Your Business Even with Poor Credit

A poor credit history severely limits your chances of securing a conventional bank business loan. Banks usually deem a business with bad credit history too much of a risk. Even if you somehow manage to convince them of the viability and growth potential of your business, it is highly unlikely that you will be able to acquire funds through traditional means. But, there are still non-traditional lenders who might be willing to offer their assistance. The truth is that bad credit business loans can be found, but the question you must ask yourself is if it is right for your business.

Business Funding Solutions for Businesses with Bad Credit

It is true that bad credit can discourage a traditional lender, but there is still hope for securing financing for your business. Boost Capital offers small business loans that do not carry the burden of a perfect credit history requirement. Your total monthly gross sales and ability to generate revenue plays a more significant role in your approval for funding than your credit score.

A small business loan from Boost Capital could be the answer you have been looking for. This business financing solution has huge advantages for small business owners.

  • Funds are available to you even with poor/bad credit history
  • No need for business plans or extensive financial records
  • Repayment is dependent on your total monthly gross sales
  • Use these funds however you see fit for your business

An important feature of a small business loan is that it does not show up on your credit report as a loan from the bank would. This means that you are free to pursue other financing opportunities.

Put aside your worries about bad credit. Business loans from the bank are not your only option. The flexibility of a small business loan from Boost Capital could be exactly the business financing solution you have been searching for.

For more information on bad credit business loans, click here or call 0800 138 9080 today!

Need a Business Loan?





Tags : , , ,

Bad Credit Business Loans #financing #a #business

#bad credit business loans

#

Bad Credit Business Loans

Grow Your Business Even with Poor Credit

A poor credit history severely limits your chances of securing a conventional bank business loan. Banks usually deem a business with bad credit history too much of a risk. Even if you somehow manage to convince them of the viability and growth potential of your business, it is highly unlikely that you will be able to acquire funds through traditional means. But, there are still non-traditional lenders who might be willing to offer their assistance. The truth is that bad credit business loans can be found, but the question you must ask yourself is if it is right for your business.

Business Funding Solutions for Businesses with Bad Credit

It is true that bad credit can discourage a traditional lender, but there is still hope for securing financing for your business. Boost Capital offers small business loans that do not carry the burden of a perfect credit history requirement. Your total monthly gross sales and ability to generate revenue plays a more significant role in your approval for funding than your credit score.

A small business loan from Boost Capital could be the answer you have been looking for. This business financing solution has huge advantages for small business owners.

  • Funds are available to you even with poor/bad credit history
  • No need for business plans or extensive financial records
  • Repayment is dependent on your total monthly gross sales
  • Use these funds however you see fit for your business

An important feature of a small business loan is that it does not show up on your credit report as a loan from the bank would. This means that you are free to pursue other financing opportunities.

Put aside your worries about bad credit. Business loans from the bank are not your only option. The flexibility of a small business loan from Boost Capital could be exactly the business financing solution you have been searching for.

For more information on bad credit business loans, click here or call 0800 138 9080 today!

Need a Business Loan?





Tags : , , ,

Bad Credit Small Business Loans #business #travel

#bad credit business loans

#

Bad Credit Small Business Loans

Credit scores act as a calling card for small businesses, and the wrong score can make obtaining the proper financing that much more difficult. As all too many small business owners have discovered the hard way, borrowing small business loans with bad credit can be an uphill battle.

Obstacles for Small Business Loans with Poor Credit

Banks and other traditional lenders are constantly looking to reduce risk. The last thing they want is to give money to an individual or business that may not be able to pay it back.

This is why the focus on credit scores has become an integral part of analyzing the risk associated with a borrower, especially in today s more strict economic atmosphere. While obtaining a small business loan has always come with its own unique challenges, financial crises in recent years have put traditional lenders even more on guard.

Still, a bad credit score doesn t stop businesses from requiring an injection of funds from time to time, creating a Catch-22 for many business owners. On the one hand, they need more funds to ensure their business is performing at its best, yet they can t obtain them because their business is dealing with obstacles in the here and now.

National Funding understands how frustrating this can be, and has dedicated itself to making financing options available to business owners of all stripes, even those with less than perfect credit.





Tags : , , , ,

Funding Options for Bad Credit Risks #owning #your #own #business

#bad credit business loans

#

Funding Options for Bad Credit Risks

For better or worse, your credit score has become your SAT score when it comes to financing. If you have a high score, you ll have a pretty easy time getting credit offers from a wide variety of funding sources. If your score is low or nonexistent, however, you won t.

But a low score isn t something you can run away from, and even if you avoid it, it won t go away. The trick is to fund your business in ways that actually get your score back on track so when you re ready to move your business to the next stage, your score will start opening doors rather than getting them slammed in your face.

Here are some ideas for entrepreneurs with low scores who are faced with funding challenges:

1. Look beyond credit cards and bank loans for financing. Studies show that credit card and bank financing account for just 25 percent of the total funding needs of early-stage entrepreneurs. This statistic should provide you some comfort, because it implies that 75 percent of the money you need can come from other sources that rely less on your credit rating.

While there are credit cards and lending programs designed for individuals with poor credit, these options will typically charge a higher interest rate to compensate for the credit risk posed by a sub-prime borrower. One bank option for those with poor credit scores is a home equity line of credit, though I d be wary of putting your home on the line to finance a risky early-stage venture.

2. Seek loans from your relatives and friends. Everyone likes the idea of entrepreneurship, which may be why, at some point, more than 50 percent of all business owners get financing help from friends and relatives. Chances are, your relatives and friends want to see you succeed and may be able to help make your business dream a reality. They also may not dwell on your poor credit score because they trust you, or they believe your business concept to be sound. (Banks used to evaluate your character and business conditions the way family and friends still do, but credit scoring models have made lending decisions more automated, resulting in the critical power your credit score holds over you.)

If you follow the advice I have shared in previous columns on identifying private lenders and understanding their risk profile. you should be able to get access to cheap, quick and patient business capital. Also, you can now use private loans from relatives, friends and business associates to rebuild your credit score if you use a loan management company to service the loan and report payments to credit bureaus.

3. Investigate microlenders and web-based lenders. There are several nonbank lenders on the internet that now offer microloans to entrepreneurs. These loans are typically in the $5,000 to $25,000 range. Some of these sites are excellent sources of capital for those with poor credit and will also report your payments to credit bureaus which can help raise your credit score if you make timely payments. Be sure to shop around and compare rates since each site offers a twist on how they price loans and spread risk to their lenders/investors. These sites include:

For borrowers who don t have strong credit scores, the interest rates on loans from these sources will tend to be high. For a comparison, the average rate on business loans from relatives and friends is currently at 7.6 percent, according to CircleLending s Business Private Loan Index, whereas the rate was more than 12 percent at Accion and more than 20 percent at Prosper for individuals with poor credit.

If you re accustomed to credit-card-level interest rates, these rates may seem affordable, but remember this: You can make partial payments on credit card debt whereas installment loan agreements may restrict you from making partial payments.

There may be subsidized microlenders in your state that offer more flexible terms; since they re small, they may not have a website or web-based loan application form, however, and may be hard to find. Check www.microenterpriseworks.org to search for nonprofit organizations in your community that have programs for business owners with poor credit. Most states now have at least one microlender. For some business owners, flexibility of repayment is more important than getting a slightly lower rate.

4. Don t overlook gifts and grants. If you need to avoid making debt payments, focus on getting free money in the form of gifts and grants. Your search will be long and hard–despite what you read on the internet, there is no silver bullet here. Be wary of services that promise to locate government grant programs for you. You ll need to do your homework to locate programs that are available for your type of business. Health-care businesses, technology companies, and retail businesses in low-income areas tend to qualify for grant money. Other forms of free money include gifts from relatives, free office space from former employers, and free services from friends or business associates. If you re creative, you can reduce your startup costs by brainstorming a list of people who would be willing to provide you with gifts and subsidized loans.

Copyright 2016 Entrepreneur Media, Inc. All rights reserved.





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Bad Credit? Where to Find Business Loans #business #loans #bad #credit

#bad credit business loans

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Bad Credit? Where to Find Business Loans

You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here’s how we make money .

Bad credit is a red flag for lenders. It indicates you’ve either mismanaged your personal finances or fallen on hard times. Either way, lenders see you as higher risk — more likely to miss payments or default on a loan than a borrower with good credit.

Bad credit (defined by FICO as a score of 300 to 629) is one reason loan applications are rejected; the approval rate of business loans from big banks was just 23.3% as of June 2016, according to Biz2Credit. But alternative lenders provide options. They emphasize the strength and operating history of your business rather than your credit. Be sure to carefully compare all of your choices, weighing terms and annual percentage rate.

Here are some options:

Note: If you’re a startup less than a year old, it’ll be tough to find a loan, no matter your credit. Here are financing ideas to help you launch your company.

If your personal credit score is under 500

With a score below 500, your best bet is likely a lender with no minimum credit score. Many lenders require a minimum score to qualify, but Fundbox and Kabbage don’t. Both are good, although pricey, choices for bad-credit borrowers who need short-term working capital up to $100,000. Fundbox, however, is only for businesses with unpaid customer invoices. There’s no minimum revenue with Fundbox and no credit check. For Kabbage’s line of credit, you need least $50,000 in annual revenue and one year in business.

If your personal credit score is 500 or higher

With a personal credit score of at least 500 or 530, you could qualify for OnDeck or BlueVine. OnDeck is for businesses that have at least $100,000 in annual revenue and is better if you need cash for an expansion (such as purchasing equipment or making renovations). The lender reports payment activity to the three credit bureaus, so paying off your loan on time will help build your credit score. If your score is at least 530 and your business has unpaid customer invoices, consider BlueVine invoice factoring.

Good option for:

• Fast cash
• Inventory
• Expansion

• Fast cash
• Working capital
• Businesses with unpaid invoices

500+ credit score
• $100,000+ revenue
• No personal bankruptcies in past 2 years

530+ credit score
• Must have unpaid customer invoices
• $120,000+ annual revenue
• 3+ months in business

If your personal credit score is 600 or higher

Because your score is at least 600, you can turn to Dealstruck or StreetShares for financing. For larger amounts of funding and lower borrowing costs, consider Dealstruck, as it has term loans and lines of credit up to $500,000 with APRs from 10% to 28%. However, you’ll also need strong minimum annual revenue of $150,000 to qualify. If you have $25,000 or more in revenue, StreetShares is an option. Its loans max out at $100,000 with 9% to 40% APR.

Good option for:

• Expansion, inventory purchases
• Businesses with unpaid invoices

• Young businesses
• Veterans

600+ credit score
• $150,000+ annual revenue
• 1+ year in business

600+ credit score
• $25,000+ annual revenue
• 1+ year in business, unless you already have $100,000 revenue (drops to six months)





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