New businesses may find it difficult to
qualify for traditional bank loans.
But these loans may work well for smaller companies or startups that can't
qualify for traditional bank loans, due to a limited operating history, poor personal credit or a lack of collateral.
Those with stronger credit scores who are unable to
qualify for traditional bank loans may benefit from APRs as low as 7.99 % with Fundation.
It's very unlikely this borrower would be able to
qualify for a traditional bank loan or a loan from the SBA.
Merchant cash advances are a good option for small business owners that collect payments through cash, checks or credit cards (as opposed to invoices), have a high volume of sales, need funding quickly or may not
qualify for a traditional bank loan.
Big banks have set strict requirements that can make it as challenging as climbing Mt. Everest for small businesses to
qualify for traditional bank loans.
Merchant cash advances are a good option for small business owners that collect payments through cash, checks or credit cards (as opposed to invoices), have a high volume of sales, need funding quickly or may not
qualify for a traditional bank loan.
FHA loans are intended for low - income families that wouldn't
qualify for a traditional bank loan.
Those with stronger credit scores who are unable to
qualify for traditional bank loans may benefit from APRs as low as 7.99 % with Fundation.
It's very unlikely this borrower would be able to
qualify for a traditional bank loan or a loan from the SBA.
But these loans may work well for smaller companies or startups that can't
qualify for traditional bank loans, due to a limited operating history, poor personal credit or a lack of collateral.
With peer to peer lending you can loan money to borrowers who don't
qualify for traditional bank loans.
Collateral If someone is looking to borrow money from an individual they likely do not
qualify for a traditional bank loan, so collateral is used to secure the loan.