Can You Get Funding Without Good Credit?
This is a question we get asked by business owners a lot.
“Can I get a business loan without credit?”
The answer to that, is it depends.
While credit often plays an important role in being able to obtain a business loan, it’s not the only thing that determines whether or not you can get one.
Fortunately, when you work with alternative lenders like us at Velocity Lending Solutions, you have access to multiple different types of lending options, instead of just a traditional loan like you would get at the bank.
These different options have different lending requirements, outside of just credit scores.
They look at the performance of your business, the revenue being generated, your monthly deposits, collateral, etc.
So maybe you have the credit but your business is generating a decent amount of revenue every month.
There are lending options available to you in that type of situation via alternative lenders that traditional banks and lenders just wouldn’t be able to provide.
This allows you to seize opportunities for growth in your business by having access to capital that you otherwise wouldn’t have had.
Get qualified for business funding today by visiting our funding platform ROK Financial here.