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Business Loans for Bad Credit Status Companies

Getting a loan always seems easy for the other guy – the company that’s already doing well, with a solid credit history, and comfortable customer base.

But what about the business that has been struggling and is now suffering with a poor credit score? Is it possible to get a business loan if you are a company with bad credit?

Thankfully, the answer is “yes”.

Here at Cashflow Solutions, we have the expertise to help.

Why Bad Credit Affects Your Loan Application

Lenders are always looking at the risk of any loan. What is important to them is that repayments are made on time and the money is returned to them plus any interest accrued.

What a lender doesn’t want, is to loan money to a business that subsequently folds, potentially never repaying back the debt.

Your credit score (also referred to as your credit rating, or credit history), is a measure of your past financial activity. It shows how you have acted previously with other financial obligations.

A good score means you are trustworthy, while a bad score unfortunately means the opposite.

However, your credit score is not the only information a potential lender has to go on. Thankfully, there are many other things that you can do to help improve that trust and show that you are a company worth taking a risk on.

Other Factors That Make Up a Lending Decision

In addition to your credit report, lenders will look at many of the following:

With all these other aspects making up your loan application, it’s important not to be put off simply because of a poor credit score.

Improving Your Business Credit History

In the desire to get a loan, it’s easy to inadvertently do damage to your business credit score. Repeated application for loans will make you look desperate, lowering your score and showing your company to be a potential risk for lenders. It’s important to take a step back and properly work on a plan to improve your businesses credit rating.

Some ways this can be done include:

Loan Options for Businesses with Poor Credit

There are many financial solutions available that are specifically designed for businesses suffering poor credit. At Cashflow Solutions, we are able to help you find the best product to suit your business.
These include:

Getting Help to Obtain a Bad Credit Business Loan

Cashflow Solutions is here for you to help you get the business loan you need. Our team of impartial specialists have a comprehensive understanding of the options available and will be able to assist you in getting funding for your company.

Contact us today to discuss your specific circumstances and get expert advice.

British Business Bank

Working in partnership with our lending partners backed by the British Business Bank to deploy funds to support business growth and working capital

Why use us

Helping you avoid common pitfalls

  • Quality of Applications

    Too many SMES get rejected by lenders because they don’t invest time in their loan proposals – we can do that for you.

  • Credit scoring

    Too many SMES make multiple unsuccessful applications and then damage their credit score – We will only approach the lender where you have maximum chances of acceptance on the best terms available.

  • Loans which your business does not qualify for

    Through our connections we have over 100+ lenders who specialise in different areas of business finance. We will help match you with the right lender or equity partner.

Excellent service, They went the extra mile to obtain additional funding for our company.

We're here to help you

0204 532 1044 Any questions, give us a call.