WE ARE OPEN AND LENDING

Are You Eligible

for our Bad Credit Loans?

1
Time in Business
1 Year Minimum
2
Yearly Business Revenue
$200,000 +
3
Loans Amounts
$10,000 to $2M
4
Credit Score
500+

How do I get a business loan with bad credit?

 

How Bad Credit Business Loans Work with a Low Credit Score

Sunwise Capital, as an alternative lender, offers business loan financing and small business loan options from 5 months to 21-month terms and receive fixed daily weekly or monthly repayment. All you need is at least 6-months’ time in business to qualify for a small business loan, cash advance or term loan.

We have multiple business loan options. It is helpful to have a good business credit score. To see your business credit score we recommend going here. Building strong business credit puts you on a path to receive more financing options.

You qualify for a business loan even if you have a poor credit history. As long as the borrower has a minimum credit score above 500 you can receive an unsecured business loan. The bad credit business loan includes some types of equipment financing and invoice financing.

Rates start as low as $1.18 for Bad Credit Business Loan.

This financing option means for every dollar you borrow you repay $1.18. You even have the option for early payoffs with no penalties for prepayments on the bad credit business loan.

There is no cost or obligation to apply. We do a soft credit pull. There are no extra finance charges when getting a cash loan. Business loans for start up – you must have a minimum of six months in business for startup business loans.

We do not report to Transunion, Equifax or Experian on the personal score. All positive payments reported to business credit bureaus.

The small business loan option is good for debt consolidation loans, improve cash flow and sales. You can also pay outstanding bills or unpaid invoices even with a damaged credit score.

Our approvals are within 24-hours and you can get quick funding the same day.

You must have a business bank account to receive this financing. You can get additional money or renew your business loan after 50% is paid back.

Our promise to you is to give you more money, better rates better terms.

What is the minimum credit score for a business loan?

We guarantee the lowest rate on our business funding. You’ll receive loan options with customized funding options and affordable loan payments.

Our FICO credit score requirements are a minimum credit score of 500 with an annual revenue minimum of $200,000.

If you are looking for $10K to $2M we offer short-term options along with quick financing options. Our loans have no traditional personal guarantee and a competitive APR.

We do not require any collateral or assets.

How can I get a business loan with bad credit and no collateral?

  • 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 to Apply for Bad Credit Loans at Sunwise Capital

We have a simple application processing.

  • You can apply online and submit a one-page application. Submit last 3 months of business bank account statements
  • 24-hour approvals and same day funding is available. You can re-borrow after 50% paid off. You will get more money, better rates, and better terms.
  • We offer several types of loans for businesses including installment loans.
  • 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 bad credit business loans, it just means finding a top small business lender like Sunwise Capital.
  • As a premier online lender, we pride ourselves on being straightforward and transparent.

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.

As one of the best alternative lenders. we will never ask for a business plan. We assume you know your business. We look to offer funding to companies looking for a long-term relationship.

If you have low credit or average credit we can help. We provide business funding for bad credit.

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 funding offers a tremendous opportunity to secure financing when you have business owners with a bad credit score or damaged credit report.

If you’ve been in business for one year and have a minimum of $200,000 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.

A Bankruptcy is OK as long as it is discharged at least one year’s time. At least two years in business and $200K annual revenue makes the process easier and the chances of approval are greater.

Remember, our unsecured business loans have no traditional personal guarantees with this financing option. You must have a business checking account or business savings account with no open bankruptcies.

Unsecured Loans means no assets or collateral needed. We do offer quick funding with loan options up to $250,000

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.

When applying for traditional business funding you need massive advance preparation when applying for business lines of credit, invoice factoring or a merchant cash advance.

Especially if you have bad personal credit 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 loan from Sunwise Capital today!

  • 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 with no fees or additional costs.

The vast majority of our clients financing 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.

BUSINESS OWNERS HOW DO YOU KNOW WHICH LOAN COMPANY IS BEST FOR DAMAGED CREDIT?

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.

We will not offer you more than you can pay at a competitive rate. In fact, we guarantee it.

 

Why business owners have lower credit scores?

The demands on your finances are different. On average, you have:

  • More cars and car insurance and 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 to save money.

 

This results in low credit scores.

You take out home equity loans (when they existed) for financing business equipment. You remortgage your home to squeeze out more cash for payroll.

This use of available credit results in 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.

The bottom line is you’re stuck with a less than perfect credit score.

At Sunwise Capital, Business Owners with Bad Credit Are Welcomed

 

How Not Using Your Credit Cards Will Hurt Your Credit Score
  • DO YOU HAVE A BUSINESS CREDIT CARD?

  • HAVE YOU EVER MISSED A PAYMENT?

  • DID YOU ASSUME THAT YOUR BUSINESS ACTIVITY DOESN’T IMPACT YOUR PERSONAL CREDIT?

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. This impacts both your personal credit and possibly your business credit score.

Don’t use a credit card for six months and the credit card issuer just might close the account, which hurts your credit score.

 

NOTE: In a recent Wall Street Journal article they cite a 2013 Federal Trade Commission Study mandated by Congress.

  • 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.

  • How much do you need?

  • What do you need it for?

  • What will the financing do for your business?

Find out why it is easier to get business loans from Sunwise Capital than traditional banks.

Personal vs. Business Funding

You run a great business. The company has great margins. Your annual 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. What you need is business funding.

In a perfect world

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. That’s why you need to work with alternative lenders or online lenders.

We have a better financing option for your business. Business financing with highly competitive rates and terms based on the health and cash flow of your business and not your personal credit score. Why pay more?

Don’t let your company go out of business because you’re short on cash. Even if you have business owners bad credit, Sunwise Capital can help. Don’t resort to a personal payday loan or microloan when you need cash. Consider the business cash advance. Believe it or not, you can qualify for a commercial loan with an attractive loan term.

At Sunwise Capital we are willing to view you as more than your low credit scores. So, if you have a poor minimum 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 so you can secure the working capital or financing you need to grow and expand.

You will be pleasantly surprised at how easy we make it.

Pros and Cons of Bad Credit Business Loans

Banks and the traditional lender make you jump through all kinds of hoops to get a term loan. Often, you must have what they deem to be an excellent reason to need the cash to qualify for a business loan, like the SBA loan. Forget about it if you are a startup business. The banks require excellent credit and a strong credit history. Truthfully, they have limited options for business, especially business loans for bad credit. Unless you qualify for the government-backed loans, you will not get a ten-year repayment term.

You typically need a business plan, 3 years tax returns, full financial disclosure on business and personal and up to 24 additional documents.

They require a minimum credit score of 700 or better and rarely will offer a business loan startup any cash.

When you have damaged credit, it’s easy to feel like a second-class citizen. At Sunwise Capital, our focus is on helping small business owners with bad credit achieve unparalleled success by getting the loan amount they need. We get you the cash you need.

We provide customized loans, lines of credit, a merchant cash advance with competitive rates, and a term you can that meets your budget.

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 cash business loans you qualify for in no time.

There is no application fee for the borrower, 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).

Another key advantage of developing a long-term relationship with alternative lenders like Sunwise Capital is that we do not report the loan payments to the personal credit bureaus, but we do report to the business credit bureaus.

 

How Business Loans Improves Your Credit

The merchant cash advance loan option is ideal for the borrower with damaged credit. In fact, getting a cash advance can even raise your minimum credit score with our term loan. 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 especially merchant cash advances.

Our objective

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.

Sunwise Capital provides business loans or even a cash advance from $10,000 to $250,000 to small businesses in all 50 states. We’ve designed a streamlined application process that lets you get the cash that you need quickly–regardless of your credit standing.

77 % of our clients borrow again

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 Loans

  • No Cost
  • No Obligation
  • 24 Hour Approvals