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.

What is a bad credit business loan?

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

Can I get a business loan with bad personal credit?

If you meet Balboa Capital’s borrowing requirements, you may qualify for a loan. We will look at your credit score, cash flow, annual revenue, and time in business, as well as other criteria. 

Will I pay higher interest on a bad credit business loan?

Yes. Balboa Capital takes on more financial risk with bad credit loans due to their easier qualification requirements, which 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 other factors affect business loan rates, too, such as time in business, cash flow, and annual revenue.

How do I apply for a bad credit business loan?

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 regular business hours. One of our business loan experts will contact you to discuss your options.

How much can I borrow?

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

What loan repayment options are available?

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.

What can a bad credit business loan be used for?

You can use your poor credit business loan for many business-related needs. These include payroll, taxes, marketing, inventory, and expansion efforts. 

How long does it take to get a bad credit business loan?

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

Why should I get a bad credit business loan from Balboa Capital?

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.