Bad Credit Business Loans FAQ

Get answers to frequently asked questions about business loans for bad credit.

Questions about business loans for bad credit? We have answers.

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This type of loan is designed to help business owners who are dealing with credit challenges.

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You may qualify for a loan if you meet Balboa Capital’s borrowing requirements. We will look at your credit score, cash flow, annual revenue, and time in business. If you have poor credit, you might find it difficult to have your loan application approved, but do not let that deter you. We have provided loans to countless business owners who have less-than-stellar credit scores.

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Yes. Balboa Capital takes on more financial risk with bad credit loans due to their easier qualification requirements, and this translates into higher interest rates. That said, getting a loan with a higher interest rate might be your best option if you need funding right away. It is worth noting that there are other factors that affect business loan rates, too, such as time in business, cash flow, and annual revenue.

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Balboa Capital makes it easy to apply for a small business loan. Once we receive your loan application, it will be reviewed right away during our normal business hours. One of our business loan experts will then contact you to discuss your options.

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Balboa Capital offers business loans for bad credit from $5,000 to $250,000. 

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Bad credit business loans from Balboa Capital are available with set repayment schedules ranging from 3 to 18 months. You can repay your loan daily or weekly through an automated clearing house transfer from your business bank account. If you have any questions about our repayment options, just let us know. We are always ready to help.

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You can use your poor credit business loan for any business-related need. This includes payroll, taxes, marketing, inventory, and expansion efforts. There are no restrictions on how you can use your poor credit business loan from Balboa Capital.

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Once your loan application is approved and our checklist is complete, the funding process will begin. Balboa Capital will provide you with your loan fast; certain loan amounts can be funded on the same day during our normal business hours.

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Balboa Capital is a top-rated business lender that has provided loans to many thousands of small businesses. If you need more convincing, read some of our customer reviews online. We have hundreds of five-star reviews on Birdeye, Trustpilot, and Google combined.