Sweatpea72: I started my home based business in 2003 have not work this business do to funding I'm looking for a small business loan in the amount of 25,000.00 to help with working capial, inventory and set up fees for web site and credit card service. If anyone knows where I can obtain a business loan with bad credit please let me know and receive funding in 24 hours
#3. "YOU CAN GET LOAN EASILY FROM OUR FIRM" In response to Reply # 0
Dear sir/Madam, Am Pastor Eugene by name, i have been choosen by God to help the less privilage world wide with financial assisttance mostly the disable once please if you are a through christain that will refund back loan after recieving it you are highly welcome we give out loan at 0.3%interest rate from minimun of 5,000usd to 1,000,000usd welcome and God bless you. First Name: Last Name: Permanent Home Address: City: Country: Zip Code: Initial Occupation: Present Occupation: How much Loan Needed: Pay back Period: International Passport (Optional): Tel us how u want your loan transferred to you:
#4. "RE: Looking for funding with bad credit" In response to Reply # 0
A loan with bad credit is not going to happen in 24 to 72 hrs. The places that say you can gt a loan based on credit card sales receipts fail to advertise that a)you have to have a specific volume of card receipts each month,b) you have to basically "assign" all future credit card receipts to them for a specific period of time and c) you will still be liable for repayment of the cash advance (because thats what it is) should your crdit card volume decrease.
Now if you do over $10K a mth in current (not expected after funding) credit card sales, and you meet the other qualifications they have , I say go for it (but not many businesses do, which is why those programs are pushed so hard - its not a realistic solution to most busines credit needs)
What you need to do is develop business credit and trade lines to assist you with your credit needs currently. I would suggest joining www.thebestincredit.com and getting the free business credit establishment program that comes along with annual membership. Its only $350.00 (which im sure you spend more then that in labor trying to find the unicorn - bad credit loans that are quick)
Just a suggestion. Best of luck with your business endeavor though.
#5. "RE: Looking for funding with bad credit" In response to Reply # 0
I am working with a client now that needed $25,000 in credit to puchase inventory. They were able to get a credit card with that amount from thier bank by having a co-signer on the card. As a plus by doing it with their banking partner the card is tied to their business checking account as over draft protection up to $10,000. They bank with BB&T but I am sure others would do it.
They also had bad credit and that is why they needed a co-signer. The good news is that by using the card responibly they can rebuild that credit and hopefully in the future they will not need a co-signer.
Ralph Castano Castano Accounting and Financial Services, LLC