Low Credit Small Business Funding
A LOW PERSONAL OR BUSINESS CREDIT SCORE SHOULDN’T DISQUALIFY YOU FROM GETTING THE FUNDING YOUR SMALL BUSINESS NEEDS TO SUCCEED AND CONTINUE TO GROW. WITH A STREAMLINED ONLINE APPLICATION, BUSINESSES WITH LOW OR BAD CREDIT CAN ACCESS UP TO $500,000 IN WORKING CAPITAL FROM OPALESCENT SOLUTIONS IN AS LITTLE AS 24 HOURS
Fast Small Business
Funding for Low Credit Scores
Getting small business funding is hard under the best circumstances, and it’s even tougher when you have a low personal or business credit score. Whether your credit is low because of your personal financial history or your business hasn’t had a chance to accrue a strong business credit history, bad credit can overshadow even the strongest business finances, especially if you are applying for funding from a traditional lender.
With a simpler application, faster turnaround, and flexible approval requirements, Opalescent Solutions can fund more businesses with low credit in as little as one business day. We offer a variety of small business funding options for low credit scores, from as little as $3,000 up to $500,000. We fund all industries, including healthcare businesses, medical practices, law firms, retail stores, business services, restaurants, and more.
How To Use
Business Funding for Low Credit Scores
There are no restrictions on how businesses with low credit scores can use their funding. Alternative funding for businesses with loan credit scores is most ideal for supporting growth initiatives that will increase your business’s revenue, such as:
Hiring staff so you can expand services and take on more business
Purchasing new equipment or technology
Renovating or remodeling your space to offer a more comfortable environment
Expanding your business or acquiring another business
Building a new website or expanding your existing online presence
Purchasing raw materials or inventory in bulk at lower prices
Investing in continuing education and training
Energizing your marketing and advertising to bring in more business
Sometimes, businesses may also need a quick infusion of working capital to help meet the unique challenges of their field, such as:
Keeping up with industry trends
Meeting changing client and customer needs
Standing out from competition in your niche
High cost of equipment, supplies, or raw materials
Skilled labor shortages and employee turnover
High cost of repairing appliances or equipment
How Alternative Funding
for Low Credit Scores Works
Low Credit Funding Q&A
How can I get a business loan with bad credit?
Direct online lenders are the best place to get a business funding with bad credit. These lenders have more flexible approval requirements that consider the overall health and potential of your business—not just your credit score—and offer revenue-based financing options that are more ideal for businesses with lower credit scores, such as merchant cash advances for low credit. Contact one of our Funding Advisors to learn more.
Can I get a business loan with a 500 credit score?
Yes, you may be able to get a business loan from an alternative lender with a 500 credit score, depending on your business’s revenue and cash flow. Some direct online lenders will approve funding for a 500 credit score, but take the time to thoroughly research your lender to ensure they are reputable, and never work with a lender that engages in “loan stacking”.