You may think that someone with a credit score of 450 would not be eligible for anything, let alone a $50,000.00 business cash advance or more. But I assure you they are. I have firsthand experience with several business owners whose credit score was just as bad, if not worse.
These people came to us with no other options and were completely surprised to discover that we were able to fund them. These people may have had bad credit, but they had a few things going for them;
- They owned their own business
- They had a consistent record of business transactions (i.e. credit card sales)
- They were current with their lease or mortgage payments
- They had no current tax liens
We were able to fund these businesses because we don’t approve businesses based on their credit score; we fund these businesses based on their transaction records, particularly their credit card transactions. continue reading…
