Bad credit business loans are marketed as last resort lending because, quite simply, for a lot of businesses that’s exactly what they are: a last resort. Borrowers get denied all the time, professional or otherwise. When a denial occurs, borrowers often waste time spit- balling the motivation behind the denial. This is the equivalent of playing kick ball against the lending curb. If you waste too much time doing it, you’ll never become financially viable.
Since Advance Funds Network (AFN) has become an expert in bad credit business loans, we’ve decided to help you speed this denial and acceptance process up. That way, you can get back to what really matters: improving the financial profile of your business.
This article will take the mystery out of the typical lender denial. (more…)
You’ve heard a lot about business loans for bad credit, but what happens if your poor credit rating isn’t your fault? Apparently nothing; at least that’s currently the case according to a recent study conducted by the Federal Trade Commission (FTC). They reviewed 3,000 credit reports with a pool of affected consumers and found that nearly 21% of the participants had been victimized by their own credit report. Worse yet, over 5% of those reporting errors were enough to lower their credit score.
Nurturing Business, Cultivating Hope