Is it possible to qualify for business financing, even a small business loan, with a 550 credit score?
Yes! At ExpressBusinessLoans.com your FICO score is only one of the factors considered during the underwriting process. Even with a 550 credit score you can still qualify for a small business loan. The economic conditions of the past several business cycles have affected a large number of business owners credit score. ExpressBusinessLoans.com believes that the needs of your business shouldn’t be bound to your personal credit score. Our specialty is creating unsecured business financing solutions that do not require any personal assets or collateral.
[row][two_third][banner]Apply Free Today! Same Day Approval[button color=”btn-primary” size=”btn-large” position=”pull-right” link=”http://expressbusinessloans.com/online-business-loan-application/” target=”_blank” ]Apply Now[/button][/banner][/two_third][one_third][/one_third][/row] The most important part of our underwriting process is determining the strength of your business. This entails looking at your bank statements and credit card processing statements to gauge sales and ledger balances.The loan underwriting team determines the health of your bank statements by looking at your ending balance and average daily balance.
Every business is different and exceptions can be made. If you are afraid of being declined for a small business loan due to your personal credit score you should still apply with ExpressBusinessLoans.com . We will do our best to find a working capital solution that fits the needs of your business. We use a soft credit check so that inquires don’t stay on your credit report. Fill out the quick application on the right side of the page and one of our Account Executives will reach out to learn about your business needs and goals or call (855)400-3863.