How Do You Get a Business Loan with Bad Credit?
If your credit history is holding you back from getting financed by traditional lenders, we’re here to be the bearers of good news—it doesn’t have to. As the financial sector has spilled into the online world, the playing field has opened up for loans to become more readily available to those who were previously not eligible for them. At AdvancePoint Capital, starting a business loan no matter what level your personal fico credit score, is possible. By working with AdvancePoint Capital, you can enjoy the benefits of alternative lenders, including:
• Easy application process
• Fast approval
• Flexible repayment terms
Perhaps most importantly, your credit score history will not preclude you from acceptance—or even from easier repayment terms.
We understand that running businesses takes initiative, courage, and support. You may need money for working capital, renovations, expansions — the list goes on. If one of those key elements is missing, the structure can quickly fall apart. Having the opportunity to access while struggling with good credit may be the very thing you need to catapult your company into the next income bracket.
What Defines a Bad Credit Business Loan? What You Need to Know
When your credit is calculated by a credit bureau, a FICO score is created based on a preset algorithm. These credit scores range from 300 to 850, and your approval ratings for loans and the interest rates you are given are based on your own individual score. The personal relationship credit plays in the loan approval process is not removed from the equation of the bad credit loan decision.
Personal Credit is about more than just a FICO Score. In 2020, Lenders not only look at FICO credit scores but have developed their own risk models, which look at what type of tradelines you have(revolving credit like credit cards, installment loans like mortgages and car loans, as well as other forms of credit, how many trade lines of credit you have, how long of a payment history you have with those trade lines, as well as credit availability all play a role in the credit decision.
How Personal Credit Impacts the Terms of a Bad Credit Business Loan
Both traditional and alternative lenders look at the personal credit score of business owners because it is a key indicator of willingness to repay behavior. Whether it’s a personal loan or loans made to businesses under the control of that owner, the data shows that this metric is a key indicator of repayment — especially with business loans for bad credit. The interest rate of the loan may also be affected.
Here’s a breakdown chart of range of personal credit score options available by Experian, Trans Union or Equifax
Alternative lenders provide alternative funding options for owners with a spotty credit history. From loan options and advances to line of credit options as well. Most of these lenders/funders will offer terms at all credit levels from Prime to Sub Prime/Poor Credit. A few lenders have no minimum credit score requirement at all!
If you’re a credit score junky like we are at AdvancePoint Capital, here’s a source of information related to what’s evaluated in your personal credit FICO score https://www.myfico.com/credit-education/whats-in-your-credit-score
Top 6 Best Options for Bad Credit Business Loans in 2020
1. Short Term Business Loans
Short term business loans reduce the credit score risk by shortening the length of time to repay and also limiting the amount of loan that businesses can acquire creating payments that are affordable but protected against the credit risk of poor credit through a time of repayment and frequency of payments. This type of loan comes with a fixed amount “lump sum” provided upfront, with a fixed payback amount over a fixed term of time typically 6 to 18 months. This cost is called a “Factor Cost” and is not principal and interest. Short term loans, unlike traditional loans, require less documentation with just bank statements and a one-page application. The good news is these products require very little paperwork and credit score requirements are much more forgiving than traditional loan options.
Rates: Factor Rates from 1.09% up to 1.45%
Terms: 6 to 18 months
Fees: Origination Fees that range from 0%-5%
Payments: Monthly, Bi-Weekly, Weekly, and in some cases daily Monday-Friday to reduce risk
Credit Score Standards: All credit accepted from Poor or Excellent
Special Features: Fast Process. Approval to funding can be same day to 24 hours
Documentation: Reduced or low Documentation. 1- Page application and 3 months bank statements
Benefits and Best Uses of Short Term Business Loans
Short term business financing options can rescue businesses that are in need of money now, has poor credit, and can’t get approved for more traditional business loan products due to bad personal credit. There are no restrictions on the use of money.
2. Merchant Cash Advance
Merchant Cash Advances, also known as a Purchase of Future Sales Agreements, advance a “lump sum” of money upfront to a business owner with a discounted purchase price (also known as specified amount) to payback. The advance is repaid by taking a fixed percentage of future credit card sales batches until the payback amount is paid back in full, there is no term limit with advances as the fixed back percentage never changes. The time frame to pay back depends on the volumes of future credit card sales. There is no term limit with this product as payments are connected to credit cards and their sales, but business underwriters try to predict repayment between 6 to 18 months.
The only documentation required for funding is a one-page application, three months bank statements, and three months of merchant processing statements. No other financial statements required.
Rates: 1.15% up to 1.45% Factor Rates
Terms: No term limits estimated payback periods are 6 to 18 months
Fees: Typically 1% to 3% Origination Fees
Payments: Fixed percentage Splits from future credit card batches
Credit Score Standards: All credit types considered from Poor to Excellent
Documentation: Reduced, low Doc. 1-page application, 3 months bank statements, and 3 months of merchant processing statements.
Mitigating Risk: Fixed percentage Splits from future credit card batches at point of sale reduces risk of missed payments.
Benefits and Best Uses of Merchant Cash Advance (MCAs)
Merchant Cash Advances do cost more than traditional bank financing with higher costs and fees, but the flexibility of repayment, which is attached to the fixed percentage of future credit card sales, is very popular with owners who don’t have the personal credit to get approved by traditional financing. There are no limitations to the use of money.
3. Business Cash Advance
Business Cash Advances, also known as a Purchase of Future Sales Agreements, advance a fixed “lump sum” of money with a discounted purchase price, also known as a specified amount, to payback. The advance is repaid by taking a fixed percentage of future overall sales, which is different than a merchant cash advance, which takes a percentage of future credit card sales. Payments are collected by a fixed daily or weekly payment deducted from a business bank account, which is based on the fixed percentage of future sales.
Reconciliation of payments can occur after every month if the fixed payments taken are more than the set fixed future percentage of sales in the agreement. A refund back to the merchant can occur if an overpayment is made month to month while a payback balance exists. This repayment continues until the payback amount is paid back in full. Therefore, there is no term limit with advances as the fixed payback percentage is attached to future sales. This process mitigates credit risk by allowing the monthly collection of payments to be adjusted, unlike short term loans.
Business underwriters estimated repayment period associated credit scores with expectations of being repaid in 6 to 18 months, but again, it may be longer or shorter depending on future credit card sales as the time period is not set in stone like a short term loan.
Rates: 1.10% up to 1.45% Factor Rates
Terms: No term limits estimated payback periods are 6 to 18 months
Fees: Typically 1% to 3% Origination Fees
Payments: Fixed ACH payments are weekly or daily Monday-Friday
Credit Score Standards: All credit score types from Poor to Excellent are considered
Documentation: Reduced or Low Documentation. 1-page Application, 3 months bank statements.
Benefits and Best Uses of Business Cash Advance
Business Cash Advances costs are higher than that of traditional financing, but when the personal credit score is an issue, a business cash advance can be a real lifesaver. There are no limitations to the use of money and can be used for a variety of different purposes.
4. Invoice Financing (Accounts Receivable Financing)
Invoice financing, also known as “Invoice Factoring” or “Accounts Receivable Financing,” is a type of financing that allows small businesses to get cash quickly from invoices that they would otherwise be waiting up to 90 days or more, depending on invoice terms, to receive payment from the customer.
This type of financing allows you to get an advance of up to 95% percent of purchase orders or outstanding invoices from your customers. An invoice factoring company will advance a set amount of the unpaid invoice to the business owner and then collect directly from the client or customer for the unpaid portion.
The business owner’s credit score is NOT evaluated. Therefore credit is not an issue. The credit score approval is directed to the customer/client, so there is little documentation required other than an application, Accounts receivable report, and contact information of the companies you invoice on a regular basis.
Invoice financing mitigates credit risk by collecting unpaid invoices directly from the client/customers instead of allowing the owner to pay it back. Invoice factors also look at the client/customer credit risk factors in making approval for invoice advances and will not extend an invoice advance beyond typical invoice terms of 30, 60, or 90 days, limiting exposure to clients not paying invoices and causing a financial loss for the invoice financing company. Invoice financing companies are monitoring daily invoice payments and work closely with customers and clients to detect any potential credit risk problems.
Rates: Factor Rates 1.50% to 2.75% of invoice amount advanced
Fees: Typically a monthly service fees of based on the amount of invoices
Credit Score Standards: Companies that are invoiced will be credit vetted.
Documentation: Reduced or Low Documentation. 1-page application accounts receivable aging report, and client contact information.
Benefits and Best Uses of Invoice Financing
When traditional financing is not an option, invoice factoring can provide money in a pinch and allow a company to continue to operate smoothly at an affordable cost. The costs are low and require no credit check of the business owner and limited documentation. There are no limitations as to the use of money.
5. Purchase Order Financing
Purchase Order (PO) financing does not require any money out of the pocket. It is a short-term finance option that provides the ability to raise capital to pay suppliers upfront for verified purchase orders. The advance frees up cash flow. This process can finance an entire order or a portion of it, depending on the purchase order and scenario. At the time when a supplier is ready to ship the order, the supplier will request payment. The purchase order financing company advances the money to the supplier and then collects payment directly from the customer. The purchase order funder then will subtract their fees and sends the balance of the invoice, so they act both as an advancing company and collection company.
Terms: No term limits
Fees: Each Purchase Order will cost between 1% to 5%
Credit Score Standards: All credit considered
Processing Time: Once relationships are set up for Purchase order financing, advances and collections can occur daily. It takes a few days to set up a purchase order financing relationship
Benefits and Best Uses of Purchase Order Financing
Purchase order financing is popular because it requires no money down and helps acquire capital for big jobs, orders, and/or projects.
6. Business Line of Credit for Bad Credit
A Business line of credit is an open revolving line of credit that allows company owners to draw funds when needed on-demand or make purchases up to a certain credit limit. Business lines of credit are not open-ended forever and require renewal either semi-annually or annually to be extended. Of all the funding products we’re discussing, a line of credit will be the most difficult to get approved for as it does entertain fair to subprime credit, but does not go as deep into lower credit as other options mentioned. So, if you’re considering a line of credit, it’s important to know if you’re eligible because lenders are far harsher in their requirements. Lines of credit offer incredible opportunities, but the requirements can be stringent. A line of credit is extremely flexible, which can be a huge benefit to your company. Lines of credit from AdvancePoint Capital are a sound option.
Rates: Factor Costs 1.09% up to 1.28%
Terms: Open revolving line of credit, renewed annually semi-annually to annually
Fees: Origination Fees range from 0% to 3%
Payments: Monthly, Bi-Weekly or Weekly payments
Credit Score Standards: All credit considered.
Documentation: Standard Documentation. 1-page application and 3 months bank statements, sometime financial will be required depending on credit limit.
Processing Time: Same day to up to a week depending on lenders
Benefits and Best Uses of Business Line of Credit
The main reason why anyone would a line of credit is for flexibility. The ability to draw funds on demand up to the credit limit is a very popular feature. A line of credit can keep cash on hand for future endeavors or urgent needs.
The fast, convenient and straightforward way to get the money you need for your business – now! Get Your Quote Today by filling out our simple form.
What Are Considerations for a Business Loan With Bad Credit?
How Do Lenders Offset the Risk of Offering Bad Credit Business Loans?
There are a variety of factors that contribute to your eligibility for business loans for bad credit.
Personal & Business Credit- Personal credit scores play a vital role in the credit decision process. The track record of managing personal credit obligations has a direct correlation to how they will manage credit, especially with their small businesses. Along with personal credit score, the business credit score is also evaluated for payment histories with vendors, liens, judgments, and State or Federal tax obligations that may interfere with the lenders’ ability to collect.
Annual revenue – Annual revenue activities play a role in the decision, including but not limited to; the amount of annual revenue, the frequency of deposits, the average daily balance, and cash reserves in the business bank account. This information helps loan underwriters determine risk. If you are a company that deposits only four times per month, this may pose a greater risk than another that deposits every day like a retailer. The minimum amount of annual revenue required to keep a company open also can present a risk if the deposits are a low amount overall on a monthly basis, depending on the industry, which may be viewed as higher risk. How much cash reserves in a business bank account also may mitigate the concerns of lending to someone with poor credit.
Profitability–Just because a company has revenue coming in as discussed, annual revenue does not tell the full story. If the expenses are greater than the deposits, it’s going to be hard for a small business to survive, no matter if it’s a million dollars or $15,000 in deposits, the expenses out the way that there’s going to be problems, that’s just common sense. The good news is that although profit and annual revenue are evaluated, there are funding products that can still fund small businesses that temporarily aren’t showing a profit in their annual revenue breakdown. Lenders mitigate this risk by shortening the term and increasing the costs of a funding product. So, while annual revenue does play a huge role, it doesn’t completely dictate what business owners can do.
Time in business –The longer a company is open, the more of a track record can be evaluated. It doesn’t matter if you owned a prior endeavor when it comes to business lending. What matters is how long you have been operating your current business under current conditions. Underwriters, to mitigate the risk of unworthy borrowers, look to this key metric in compensating for a shortfall in credit.
Industry Type- The type of industry definitely plays a role in the credit decision. No two industries are created equal, and they have their unique ways of operating. Some industries are inherently more risky than others. Through data collection and analysis of delinquency and defaults, credit underwriters can determine high-risk industries and set programs and terms that mitigate that risk against the less than stellar credit score. For example, retailers will not be viewed differently than manufacturers and be viewed differently than wholesale distributors. These small businesses clearly operate completely differently and have different risk mitigations that can be evaluated against poor credit of the business owner.
Business Bank Statement Health (Cash Flow) – As the old saying goes, cash flow is king in lending (well, it’s close). Business Bank statements are the first place lenders look to gauge cash flow and any stresses in annual revenue versus expenses in the company. Underwriters look at the consistency of deposits from sales, the number of deposits, average daily balances, available cash reserves compared to monthly expenses (debits). These recent bank statement ques tell a lot about the current health of the company and the risk associated with lending.
Financial Statements– Many lending products that consider a low credit score DO NOT look at financial statements to render a decision, but if the financial statements are positive, it may be worth providing as it can be a great compensating factor to overcome bad credit concerns. Financial trends are used to evaluate creditworthiness. Tax returns, recent profit & loss, and balance sheet accounts receivable and payable reports can tell a full picture that allows lending underwriters to evaluate risk against poor credit score borrowers.
Current Debt Obligations-Existing debts are evaluated as part of the loan underwriting decision. If a debt consolidation can be made, this fact could be a great mitigating factor to approve a potential borrower with a poor credit score for funding because the approval puts the company in better financial standing for a monthly payment (debt) perspective.
Things to Consider When Applying for a Small Business Loan with
What Are the Pros and Cons of a Bad Credit Business Loan?
- Access to Working Capital – Instead of being declined by traditional loan options, business funding can be achieved with alternative lenders for working capital or other needs.
- Fast Processing Times-These fundings are processed and funded in as little as the same day.
- Reduced Documentation -Compared to traditional loans, these loan options require less documentation than traditional loans, which eliminates potential declines.
- Interest rates will be higher than that of traditional loans
- Fees may cost more than traditional loans (but not always the case)
- Terms will be shorter in the duration of time to repay
- May not offer the same flexibility traditional loans can
- Loan Amounts and the access to the amount of capital may be reduced
What Are the Most Common Reasons to Acquire a Business Loan When You Have Bad Credit?
- Emergency loans
- Working Capital Loans
- Cash Flow shortages
- Expansion Loans
- Advertising/Marketing/Customer acquisition
- Equipment Loans
What Types of Providers Offer Business Loans With Bad Credit?
- Market Place Business Loan providers – These providers are the largest network of business funding options of any entity.
- Business Loan Brokers – Many brokers specialize in helping those with a bad credit score and have unique funding products to offer with an array of options.
- Online Business Lenders (Fintech) – Online business lenders may be able to help provide funding for those with bad credit, but the limited product lines may not offer the best choice. Always compare offers with other online lenders if choosing this route.
- Invoice factoring Companies -Invoice financing is a unique option for those who invoice their clients as a part of their operation. The business owner’s credit score is NOT evaluated. The clients who are invoiced is credit evaluated because that is where the collection of funds is coming from in invoice factoring. Fees are low for invoice factoring well, providing for an attractive alternative for those with a bad credit score.
- Hard Money/Private Business Lenders –This type of lender can provide unique opportunities because it is common for lenders of this type to use personal and business collateral as a compensating factor to lend.
What to Consider in Terms of Costs and Fees
Beyond the principal amount, small business financing terms often include additional costs you must consider whether it’s a line of credit or loan. Interest rates and costs are always a consideration in any decision to fund a company regardless of credit score. Business loans for bad credit are no different, which means it’s important to take a close look at the terms.
Interest Rate – and interest rate expressed as an annual percentage rate (APR)
Factor Rate-Flat fixed cost of funds, which is not principal and interest, and does not have an APR.
The following fees do not always apply and are not always required to secure fundings with a poor credit score. Always review the disclosures of all proposals and discuss fee options.
- Origination Fees (Points)-Costs deducted from the closing of funding of a loan due to risk factors
- Underwriting Fees-Costs deducted at closing or funding for the processing of loan applications.
- Processing Fees- Costs deducted at closing or funding for the processing of loan applications.
- Application Fees-Costs paid upfront to make an application for a loan with low credit regardless of approval and funding (NOT RECOMMENDED!)
- Closing or Funding Costs- Costs deducted at closing or funding for the processing of loan applications.
- Wire Transfer Fee- Costs deducted at closing or funding for the transfer of funds
- Servicing Fees (Additional Fees post-funding) Fees charged to cover costs of servicing the funding such as monthly fees, late payment fees, penalties, and legal costs for violating the agreement, collection fees, or prepayment penalties. These fees may or may not apply to your specific funding product. Check your terms and conditions of any funding agreement and disclosures before you sign.
How to Avoid Being Taken Advantage of by Business Lenders Because You Have Bad Credit
- Evaluate the expertise of loan originators for product knowledge and experience.
- Determine a variety of product offerings-Ask yourself if the loan originator as a diverse amount of business finance product offerings.
- The process-Ask how do the application, underwriting, and funding process work. How quick and/or efficient is the process?
- Check Reviews- Search review sources with independent third-party companies that don’t work directly with companies -like Better Business Bureau and Google. Trust Pilot is not reliable because they work directly with businesses and are compensated for their review services.
- Review Agreements, Fee Disclosures, and Term Sheets-Always require loan originators to provide with any business funding quotes an agreement, fee disclosure, and/or term sheet with any and all terms and conditions.
- Cost or fees-Review and consider all costs associated with the funding transaction.
- Time to consider offers and Quotes and Comparison Shop-Any reputable loan originator will give you a reasonable amount of time (a week is typical) to consider any funding offer.
Road Blocks and Obstacles for Loans with Bad Credit in 2020: Why Businesses with Bad Credit Are Rejected by Lenders
Credit -The credit score quality of those involved in the application for funding. Remember, a personal credit score is more than just a score.
Economic atmosphere-With recent events, the credit marketplace has been stricter than ever with recent financial crises in recent years, which have put traditional lenders even more on guard.
The Coronavirus Pandemic 2020 Slowdown (COVID-19): The pandemic has put additional stresses on many businesses throughout the United States.
Are you looking for CORONAVIRUS (COVID-19) Benefits Information? To see if you may qualify, apply at a Paycheck Protection Program authorized lender.
The only way to apply for these loans is through SBA authorized lenders or a loan originator working with an approved SBA Business Applications opened on Friday, April 3, and close on June 30. The application consists of a two-page form in addition to the required documentation. To see if you qualify, apply at a Paycheck Protection Program authorized lender.
Frequently Asked Questions (FAQ) About Business Loans With Bad Credit
Are Bad Credit Loans difficult to obtain?
It is not difficult to find a funding option if the owner has a less than stellar personal credit score. Keep in mind that banks don’t offer these types of funding products, so you have to go online to find business funding originators who offer these products. Certainly, some choices such as a line of credit may be more difficult to obtain, and your business plan could affect your choices. Don’t worry, though; there is plenty of opportunities for help accessing capital with low credit at AdvancePoint Capital.
Can I get a business loan from my business bank if I have less than stellar credit?
You cannot get funding at a traditional bank or credit union if your credit score isn’t up to par. You will have to find alternative business originators who are alternative lenders. The good news is AdvancePoint Capital has loan options with their Business Funding Marketplace regardless of your credit report.
Should I pay any fees Up-front or separate outside of funding fees to a Business Loan Provider?
We NEVER recommend you pay up-front fees. You DO NOT need to pay for upfront fees to get most loan products, regardless of your credit history. Keep in mind, business finance originators and/or lenders will charge fees that are deducted from proceeds at the time of funding. Always check the terms and conditions of all funding you are considering.
Can I Trust these Loans with my Personal and Business Information? Is my Data Safe and Secure?
If you do a proper check using the “How to Choose the Best Business Loan Broker” [Internal Link] and “Business Loan Brokers or Business Lender: The 11 Warning signs to look out for when dealing with a business loan originator” [Internal Link] then you have taken the necessary precautions to consider your data safe and secure. Remember, there are no guarantees, so always use a credit score monitoring service and take the security steps to always protect your personal data and information.
Can I get a Business Loan if I am a start-up and have a subprime credit score?
Business loan startup choices are unlikely. Those with a poor credit score often pose too great of a risk for startup business loans because there are not many ways to mitigate the high risk of start-up lending. Private money or Hard Money lenders may be able to help because they heavily consider both personal and business collateral in making funding decisions. But starting business loan options are typically difficult to find, which can make funding working capital needs a challenge. However, there are options. While you may not be eligible for a line of credit, there are alternative solutions for business loans start up.
Can I get Business Loan with No-Docs?
The only funding product that is true no-documentation is a Business Credit Card. There are alternatives to full documentation such as reduced or limited documentation fundings are available that may work for you if you are trying to avoid providing a lot of paperwork or avoid showing some negative information about your company. As a general rule, terms will be less favorable the less documentation you provide for credit cards.
Can I qualify for a Business Loan if I have a Co-Signer?
Most business funding decisions will be made by looking at the majority of all business owners. Adding additional non-owner co-signers, in most cases, will not improve the chance of getting business funding.
Can I get a business loan if I have a below 500 personal credit score?
It is not commonplace to find business funding options for business owners with credit scores below 500, but they do exist, but AdvancePoint Capital has them! The terms, costs, and fees may be prohibitive, so you must make sure the cost verse benefit analysis is made.
What is the minimum credit score requirement for a business loan?
There are minimum credit score requirements for different business loan products, but they vary greatly depending on business finance products. All credit score types are considered at AdvancePoint Capital, with the exception of no credit at all.
How can I get a loan if I have a terrible credit score?
The short answer is yes, it is possible!
Does a Business Loan affect personal credit score?
As long as you pay as agreed, these loans will not negatively impact your personal credit score.
Do I Need a Business Credit to acquire a Small Business Loan?
Some products do not require past business credit history; some product does. Check with your business loan originator for business funding options with no business credit score.
What about if you are an LLC?
Your formation classification, in most classifications (Corporation, LLC, LP, or Sole Prop), will not matter in the business funding decision.
How to Get a Better Business Loan in the Future If I Have Bad Credit:
What to Do If You’re Denied a Small Business Loan Because of Personal Credit
Improve Personal Credit-Work with a reputable personal credit repair company to see what can be done to improve your credit score.
Establish & Improve Business Credit-Contact your business relationships like supplies and/or vendors and see if you can build up credit terms with them such as “net” 15 or “net 30” to establish some business credit. Recommendation letters by these lenders and/or suppliers can be used in the future credit references and enhance your chances of getting future business funding.
Making all payments on Time – You have to start sometime. Contact any collections or poor pays and make good on the debt by making payment arrangements to get caught up. Even if you’re struggling with working capital, paying off a loan or line of credit is a must.
Monitor Credit Reports – Credit score monitoring services offered by Experian, Equifax, and or Trans Union are available at a nominal fee to monitor credit use and prevent fraud.
AdvancePoint Capital Resource Center for Business Owners with Bad Credit
Advice, Tips, Warning’s About Bad Credit Business Loans
Business funding options for business owners struggling with their credit score offer some really interesting options to access capital for their businesses. These unique product structures provide small business owners to access the capital they may not otherwise get approved for by traditional lenders.
However, as a business owner, you must realize that if business lenders deem you high risk, it’s for a reason. Just because these products exist doesn’t mean you should take one. The business owner still must ask the key questions when getting business funding for your business. What is my cost vs benefit analysis look like? Can I make more than it’s going to cost me for this money? What are the long term benefits of accessing this capital for my business? Are the costs, fees, and terms worth it?
If you ask the tough questions of yourself as the business owner and you are comfortable with your answers, then these products can be an excellent source to help your business grow! Never forget that you must always compare business funding options to determine the best Loan for Your Needs. AdvancePoint Capital would love to help and earn your business.
How to Apply for Bad Credit Business Loans?
Loan Options From Advancepoint Capital: Compare, Choose, and Save!
AdvancePoint Capital offers an easy business loan experience. Our customers love the fast, streamlined process and high approval rates that come from working with us. All credit scores are considered.
Applying for a loan with AdvancePoint Capital is as simple as a 1, 2, 3, 4 process.
Start with this online form, then fill out the short application page, wait a few hours for your approval, and then get your money!
The fast, convenient, and straightforward way to get the money you need for your business – now! Get your Quote Today by filling out our simple form.