"Unlock Your Business Dreams: 5 Effortless Startup Loans for New Ventures, No Matter What"

Here is a summary about finding funding for your business, even with bad credit, written from the perspective of Houston Mcmiller, a Credit Specialist:

5 Lenders That Can Fund Your Business, Even with Bad Credit

As a Credit Specialist, I'm often asked how entrepreneurs with poor credit can secure funding to start or grow their businesses. Today, I'm going to share 5 lenders that can help, regardless of your credit score.

1. Lendesa

- **Merchant Cash Advance**: Lendesa offers up to $20,000 in funding, with interest rates as low as 20% and terms up to 18 months. - **Qualifications**: $25,000+ in annual revenue (around $1,200-$1,500 per month), 550+ credit score. - **Credit Check**: Lendesa uses third-party credit bureaus like Clarity, DataX, and Lexis Nexus to assess your business, not your personal credit.

Yendo

- **Car Title Loan**: Yendo provides lines of credit from $450 to $10,000, using your vehicle's equity as collateral. - **Qualifications**: Own a car with equity, regardless of your personal credit. - **Benefits**: Reports to major credit bureaus to help build your credit.

Fundo

- **Merchant Cash Advance**: Fundo offers up to $110,000 in funding for freelancers, contractors, sellers, and franchises. - **Qualifications**: 90+ days in business, $1,500+ monthly revenue, active business bank account. - **Note**: Fundo is not available in all states (e.g., California, New York).

Giggle Finance

- **Small Business Loan**: Giggle Finance provides up to $5,000 in funding for app-based freelancers, ride-share drivers, handymen, and more. - **Qualifications**: 3+ months in business, $1,200-$1,500 monthly revenue.

Fair Credit

- **Business Credit Building**: Fair Credit offers a monthly subscription that provides access to your business and personal credit reports, as well as a business credit card with a $500-$250,000 limit. - **Qualifications**: $2,500-$250,000 in monthly revenue. - **Benefits**: Trade lines reported to business credit bureaus, which can help you qualify for future financing. Remember, while the interest rates on these loans may be higher, they can be a valuable resource for startups and businesses with poor credit. By utilizing these lenders, you can secure the funding you need to get your business off the ground or take it to the next level.

YouTube Source: "Unlock Your Business Dreams: 5 Effortless Startup Loans for New Ventures, No Matter What"
YouTube Channel: https://www.youtube.com/channel/UCwTiSgSSNPiNANoB2cREAAg
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