Getting a traditional business loan with bad credit can be extremely difficult. Traditional lenders base their decision to approve your application based almost entirely on your credit score, even though your creditworthiness is impacted by countless other variables and circumstances. Alternative lenders, on the other hand, tend to value your time in business and monthly revenues more than your FICO score. Lendrev provides access to a large network of alternative lenders who can secure your business’s financing, even with bad credit.
LendRev can provide access to capital fast because we offer a direct path to the lending marketplace, empowering businesses like never before. Just complete one free application and LendRev gets to work, searching our network of lending partners where they compete for your business.
* In order to secure funding, LendRev requires at least three months in business with a minimum of $10,000 in monthly revenue.
† With the appropriate information and documentation available, it’s possible to have your application approved in as little as one hour.
‡ Many of our term loan and merchant cash advance providers can be very fast, providing funds in as little as 24 hours. SBA-backed lenders may take two weeks or more because Small Business Administration loans require significantly more documentation.