Bad Credit Business FinancingSmall Business owners who have had their credit damaged can have great difficulty finding a loan, and banks offering bad credit business loans will often require large amounts of collateral in the form of property or receivables that could be seized in the event of a default. Bad credit business loan rates are generally unfavorable, but worse than that, bad credit business loans can also take over a month to be approved while the bank takes stock of your assets, which could wind up being too late for you to use the funds as you had originally intended. Horizon’s bad credit business funding program loans you the twofold advantage of lightning fast approval and access to your money in as little as one business day. We are different because we do not offer traditional bad credit business loans. We offer loan alternatives such as merchant cash advances, which our knowledgeable underwriters tailor to the needs of each client.
What is the advantage of a merchant cash advance? Unlike a bad credit business loan, there are no requirements for collateral and your advance does not appear on your credit report. Regardless of existing loans, bankruptcy or foreclosure, you can still apply for and receive our bad credit business funding and have access to the full funded amount in 24 hours. We aim to create a relationship with our clients and be a resource they can rely on whenever they need additional funding. While other banks would only see a bad credit business and refuse to fund a loan, we recognize the importance of our small business clients to their communities and trust them to run their businesses effectively with the funds we give them. We place no restrictions on the use of the money we give you once it appears in your bank account.
How Bad Credit Business Financing WorksApplication is fast, simple and 100% paperless; we need no personal payback guarantee as would appear on a bad credit business loan application. All we require is 3 months of financial information and the completion of a few easy steps to assess business cash flow and from there we can determine how much funding we can give you. Just because you have been denied a business loan due to bad credit, that does not mean you cannot get quick and reliable access to the capital your small business needs. Once your initial advance is 50% repaid, you are free to apply for refinancing up to 200% of the original funded amount. We look forward to creating a funding relationship with your business based on mutual trust.
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