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Скачать или смотреть Small Business Loans NO Credit Check

  • First Union Lending
  • 2022-08-03
  • 34756
Small Business Loans NO Credit Check
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Описание к видео Small Business Loans NO Credit Check

When a lender checks your credit score, it can cause a slight hit to your personal or business credit. An increasing amount of credit checks will have a negative impact on your score. The inquiry is also usually listed on your credit report. When a lender sees that multiple lenders have checked your credit, it could scare them off if they see you are shopping around.

Wanting a business loan without a credit check is different from getting a loan with bad credit.

So what are your options if you don’t want your credit score checked?

Equity Financing involves selling shares of your business to investors. Common types of equity financing include angel investors, venture capital, friends and family and crowdfunding. Your credit score is less of an issue compared to loans. Although an investor may want a credit check, they're more focused on the value and potential of your company. The disadvantage of this type of financing is that you give up control of your business. Investors usually want a say in business decisions and you must share your profits.

Microloans are relatively small loans offered by nonprofit organizations. They are designed to help new, small or disadvantaged businesses. These loans often don’t require a credit check, and may even charge low-interest rates or no interest at all. In some cases, however, collateral may be required.

Unsecured short-term loans are another great option for business owners with bad credit. When you need money but don’t have collateral, it’s no problem for this type of loan. This is because lenders of unsecured short-term loans are often more concerned with business performance rather than credit score.

Based on your revenue, you can get up to 2 million dollars with this type of loan. As far as repayment goes, these loans are typically meant to be repaid within 1-3 years or shorter and usually have higher interest rates than secured term loans.

If you’re interested in unsecured short term loans or other business loans, First Union’s got you covered.

First Union Lending offers numerous financing programs designed with small businesses in mind. Our business loans are fast and flexible, with financing options ranging from $5,000 to 2 million dollars.
Call today to learn more about our various financing solutions to help your business grow and become successful.

Visit our website at:
https://firstunionlending.com/

#smallbusiness #smallbusinessloans #businessloans #nocreditcheck

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