In Florida, business loan bad credit options may seem very limited. Lenders are not as receptive as they once were to business owners who needed to add working capital or to purchase inventory. The current economic climate does not make it easy for business owners to obtain bad credit loans from traditional lenders because those lenders have tightened up lending requirements. The good news is that you still have options. Advance Funds Network offers affordable solutions to the bad credit loan.
Why Use a Florida Business Loan Bad Credit Option?
You have applied for a loan at your local Florida bank. You are waiting to hear back. Your business needs funds to keep it open or to keep employees happy. There is no doubt that many businesses are struggling to get the financing they need because traditional financial institutions are just not lending as they used to. What can you do if you are in Florida? Business loan bad credit options include those from Advance Funds Network. The following are some key advantages to using this type of loan over other types.
- Borrow what you need to. With flexible loan amounts, you can borrow as much as you need (within the company’s limits) and not have to worry about a fixed monthly payment. Rather, you pay back the funds as your credit card transactions come in. You only pay back the borrowed money when you are making money.
- There is no credit check involved. In fact, you will not be turned down for this loan just based on credit qualifications. Rather, the company wants to ensure you have at least $5000 in credit card transactions each month (depending on the type of business you have.) There are other qualifications, but they are minimal compared to other lenders.
- Here’s a good benefit – you don’t have to wait weeks or months to get the loan. You will receive an offer within 24 hours of submitting your application to Advance Funds Network. From there, you will see your loan funded within three to seven days. That’s it – you get money in hand faster than you thought was possible.
How could you use these funds? As long as you use the money for your business, there are no restrictions. You can use it to:
- Purchase inventory for your business.
- Buy updated equipment.
- Pay off your taxes.
- Use it to keep your payroll current.
- Use it to make repairs on your business to appeal to customers.
- Make renovations on your property.
- Pay for advertising
If you are in Florida, business loan bad credit solutions are available from Advance Funds Network. There has never been a better time for you to get ahead on your business’s financial needs. This company makes it easy for you to apply, and even easier for you to qualify for a loan. How will your business benefit from this type of loan? The options are limitless for most business owners.