Securing business loans for bad credit owners used to be impossible. Banks would quickly deny financing and many small businesses failed as a result.
Businesses specializing in retail, food service and more, which had little to no collateral, could forget about finding bad credit unsecured business financing. Today, Simply Quick Business Loans has the solution to these business owners’ problems.
We are NOT a Merchant Cash Advance company. We offer legitimate private lending to individuals whom, for whatever reason, were denied financing by the bank. While we now offer collateralized business loans, we specialize in unsecured business financing.
This means you don’t have to put up any collateral (i.e. your inventory or equipment) as security for your loan. The added risk to us as a private lender does mean that our loans will require a slightly higher interest rate and terms than a bank. However, because we offer legitimate loans, we are federally regulated in terms of the interest rates we can charge, unlike cash advance companies.
We do not regulate what you can use your loan money for. The majority or our business loans for bad credit owners are used for:
Rather than investing in property or long term pay-outs, our bad credit unsecured business financing allows you to make short term investments in your own business.
If we didn’t believe the old adage “You must spend money to make money,” we wouldn’t be in the business of providing fellow entrepreneurs business loans for bad credit. Apply online, by phone, or by mail, today.