Bad Credit Loans
Do Not Take Bad Credit Personal Loans Out for Your Business
We have a better solution. Bad credit small business loans from Sunwise Capital means being offered business loans for bad credit with highly competitive rates and terms.
If you have low credit or average credit we can help.
Our unique and proprietary underwriting enables us to look at the health of your business. That means we focus more on your cash flow and not just your FICO score.
Sunwise Capital’s unsecured business loan offers a tremendous opportunity to secure financing when you have bad credit.
Compare loans – we guarantee the lowest rate on our bad credit loans.
- Have FICO credit ratings of 550, 650 or even 700
- Looking for $10K to $2M
- Need quick funding
- No traditional personal guarantee
- We Require No collateral or assets
How Bad Credit Loans Work
- Sunwise Capital offers business loans from 5 months to 21 month terms with fixed daily, weekly and monthly payments.
- We specialize in bad credit business loans loan amounts from $10,000 to $250K – even if you have less than perfect credit.
- Rates as low as $1.18
- Early payoffs
- No penalties for prepayments
- No cost or obligation.
- No extra finance charge.
- Business loans – not a loan for people.
- No reporting to Trans Union, Equifax or Experian
- Positive payments reported to business credit bureaus
- Good for debt consolidation loans
- Quick funding in 24 to 48 hours
- Must have business bank account
- Renew your loan after 50% paid back
- Get more money, better rates better terms
You run a great business. The company has great margins. Your revenue is growing month over month. The growth of the company is looking very promising. In fact, it’s exploding!
There is only one thing. Your personal credit score sucks. Nothing personal. It’s not your fault. You are unable to get a personal loan. Your loan application is declined. Even if you can repay.
Business owners – did you check your credit only to find it’s 450, 500 or maybe it’s 650 plus or even above 700? No matter what we have special programs just for you.
If you’ve been in business for one year and have a minimum of $150,000 in annual income, we can help!
Do you have other loans outstanding? We can pay off your first or second position loans, perhaps even going behind them in the third position.
Please make sure you are current on your business mortgage or rent. If you are credit borrowers with a late payment or two, no problem.
Unlike banks and credit unions, we will also consider a loan if you have liens up to $200K (if you have a payment plan). Smaller lien amounts may not require a written payment plan.
Unsecured Business Loans Bad Credit
Business owners, have you ever applied for a bank loan? Then you already know how frustrating it can be. Your company not only needs to be strong financially but as the owner, you typically need to have great credit too.
If bad credit is keeping you from getting the cash that you need to expand your business, to buy new equipment or for any other purpose, it’s time to turn to the experts at Sunwise Capital.
Did you know that more than 30 percent of small businesses in the U.S. are owned by women? If you are a woman who owns a small business, you are well aware of how much work goes into keeping read more…
How to Get a Business Loan with Bad Credit
Most banks will only offer a business loan if you have a personal credit score of 720 or better.
Plus, they require secured loans with personal guarantees and you posting collateral or assets.
Borrowing money and getting the best business online loans, especially a business loan with bad credit, just means finding a top small business lender like Sunwise Capital.
As a premier online lender, we pride ourselves on being straight forward and transparent.
How to Apply for Bad Credit Loans at Sunwise Capital
We have a simple application processing.
- You can apply online
- Submit one page application
- Submit last 3 months of business bank statements
- 24 hour approvals
- 24 – 48 hours funding
- Re-borrow after 50% paid off
- Get more money, better rates and better terms
- Several types of loans for businesses including installment loans.
Can I get a Business Loan with a Bad Credit or no Credit History?
In a perfect world, we’d all have excellent credit. In real life, though, things happen. Unfortunately, banks and traditional lenders don’t tend to be very understanding about that.
Don’t let your company go out of business because you’re short on cash. Even if you have bad credit, Sunwise Capital can help.
At Sunwise Capital we are willing to view you as more than your credit score. So, if you have poor credit score and feel intimidated about applying for bad credit business loans don’t worry.
We will talk to you respectfully and tell you the ins and outs if you don’t know how to get a business loan with bad credit. We can even talk to you about improving your credit score.
You will be pleasantly surprised how easy we make it.
Pros and Cons of a Bad Credit Loan
One of the advantages of developing a long-term relationship with Sunwise Capital is that we do not report to the personal credit bureaus, but we do report to the business credit bureaus.
- Bankruptcy discharged at least one year
- At least two years in business and $200K annual revenue
- No traditional personal guarantees
- Must have business checking account or business savings account
- No open bankruptcies
- Unsecured Loans with no assets or collateral needed
- Quick funding for loans up to $250,000
How Bad Credit Loans Improves Your Credit
This loan option is ideal for people with bad credit. In fact, you can even raise your credit score with our loans. If building credit is important to you we can help build business credit.
We report to the business credit reports. By not reporting to the personal credit bureaus you may get a lower interest rate on a personal installment loan with our funding solutions.
Our objective is to work with you so that over time you can become bankable and get banks to give you a bank business loan. We consider our approach to be responsible lending.
We will never lend you more than you can afford to repay.
Convenient Bad Credit Business Loans
Sunwise Capital provides business loans of $10,000 to $250,000 to small businesses in all 50 states. We’ve designed a streamlined process that lets you get the cash that you need quickly–regardless of your credit standing.
Considering that 77 % of our clients borrow again from us two to three times per year, it’s safe to say that we’re doing a lot right!
Bad Credit Business Loans for Any Purpose
Banks and big lenders make you jump through all kinds of hoops to get a loan. Often, you must have what they deem to be an excellent reason to need the cash to qualify for a business loan.
You don’t have to worry about that stumbling block with us because with our business loans; you can use the cash for anything.
Competitive Rates and Fast Funding
When you have bad credit, it’s easy to feel like a second-class citizen. At Sunwise Capital, our focus is helping small business owners achieve unparalleled success.
We provide customized loans with competitive terms and rates to businesses regardless of credit. After all, just because your credit isn’t picture perfect doesn’t mean that you don’t deserve exceptional service.
No Cost and No Obligation
Our process is so fast and easy; you can find out which business loans you qualify for in no time.
There is no application fee, and you are not obligated to take any loan. Best of all, our bad credit business loans and other loans are backed up by a $500 guarantee.
We’ll either beat another lender’s rate or give you $500 – you truly have nothing to lose (See here for details).
Apply for a Bad Credit Business Loan Now
Unlike when applying for traditional business loans, you need minimal advance preparation when applying for a business loan from Sunwise Capital.
Everything is handled right through our secure website and online. If you apply today, you could be approved by tomorrow and funded by the following business day.
Don’t wait for a loan request. APPLY NOW
Request a “un” secured bad credit loan from Sunwise Capital today! Use it for:
- Consolidate Debt
- Payroll and Hiring Staff
- Growth and Expansion
- Inventory and Supplies
In the meantime, we will make sure we provide you with excellent rates and terms.
The vast majority of our clients borrow from us several times a year and sometimes for several years in a row. Why? Because it works and we know it will work for you too.
Why business owners have lower credit scores?
The demands on your finances are different. On average, you have:
- More cars and car insurance.
- More homes and home loans.
- You’re paying for your own health insurance and life insurance.
- You have more credit cards.
You max out your personal credit cards to pay for your business expenses. You simply have more credit card debt. As a result, it is hard saving money.
This results in low credit scores.
You take out home equity loans (when they existed) to buy business equipment. You remortgage your home to squeeze out more cash for payroll.
This use of available credit results in an increased credit utilization. 30% of your FICO score is your utilization. Plus every time you apply for auto loans, credit cards, etc., they do credit checks.
The net effect is it lowers your FICO score. Your high utilization percentage decreases your chances of receiving additional credit.
The bottom line is you’re stuck with a less than perfect credit score.
It’s a classic “Catch-22.”
At Sunwise Capital, Business Owners with Bad Credit Are Welcomed
How Not Using Your Credit Cards Will Hurt Your Credit Score
According to credit expert, John Ulzheimer, as the owner, you are responsible for the business credit card.
What I almost guarantee you didn’t know is that if you default on the business credit card, BINGO, you guessed it. They report it to your personal credit history.
Don’t use a credit card for six months and the credit card issuer just might close the account, which hurts your credit score.
A whopping one if five, that’s 20% of consumers, had at least one error in one of the three credit bureau reports. These errors are enough to get your loan application declined. Be sure to check your credit regularly for errors.
Getting small business loans with bad credit is now possible from Sunwise Capital.
When speaking to our underwriters know the answer to these three questions.
Find out why it is easier to get business loans from Sunwise Capital than traditional banks.