Unsecured Loans for Bad Credit
Unsecured loans for bad credit are available to those who need them to build their franchise. As a franchise owner, it is critical that you have access to the funding you need to achieve your financial goals and maintain a good standing with the franchise. You may need equipment, supplies, and the ability to keep up with payroll. However, a traditional lender is unlikely to loan to you if you have bad credit. They are more concerned with your ability to pay them back than your future earning potential. Advance Funds Network is the ideal solution when you need unsecured loans for bad credit, and you want real results and fast.
Franchise Expenses Can Be High
Running a franchise organization can be expensive. There are often times when you need to contact companies for loans to help you install new equipment, invest in marketing, or pay bills or your franchise fees.
Areas Where a Line of Credit is Essential
Here is an overview of some of the areas of running a franchise that increase costs and where there is the most need for a line of credit to help:
- Fast Access to Working Capital: Unexpected costs or opportunities can arise at any time. You won’t always have time to shop around to banks and try to improve your creditworthiness.
- Purchasing Inventory: One of the biggest costs for a small business. In a franchise, you may be limited to specific suppliers. If the franchise headquarters offers a deal on an inventory order, you may need capital quickly to take advantage.
- Equipment Needs: Whether for efficiency or replacing malfunctioning equipment, cash flow is necessary to cover repair, replacement, or service costs.
- Covering Payroll: A growing business often faces higher payroll expenses, especially with overtime. If customers delay payments, a line of credit can ensure you meet payroll obligations—often within 48 hours.
- Construction or Remodeling Costs: Renovations and improvements can be expensive, but the right loan can provide the necessary funds to make essential changes.
Why Choose Advance Funds Network?
The problem is that unsecured loans for bad credit are hard to find through traditional methods. If you have bad credit for any reason, tap into the financing options available to you through Advance Funds Network. This organization works with you to determine how much you need and then requires repayment only as your credit card transactions come in or through a fixed-payment bank loan option.
As long as you meet the organization’s minimum credit card transactions and/or gross deposits (and you have been in business long enough), you do not have to worry about your franchise being turned down for this loan. Unsecured loans for bad credit can help to transform the financial needs of a growing business, but it is critical for you to take action. Make your future sales work for you now.
