With a minimum credit score of 550, a maximum repayment term of 84 months, and a strong showing in nearly every criteria we measur🌠ed, Upwise Capital is a good option for businesses with bad credit but healthy operations and steady revenue. The lender also works with newer businesses; its minimum business age requirement is just six months. 

Upwise provides a wide variety of loan types: business term loans, lines of credit, working capital loans, and even 澳洲幸运5官方开奖结果体彩网:invoice factoring. That means you can c♔hoose the type of loan that best fits your business and your cash flow.

Upwise earns strong reviews from its customers on online review site𒁃s. The company’s website is cluttered but hosts enough information for potential borrowers to make an inf💦ormed decision. Pre-qualification is also an option so that you can compare offers with other lenders.

Upwise was founded in 2020 and is headquartered in New Yo🌠rk City.

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To qualify for a loan from Fundbox, you’ll need a personal credit score of at least 600, have been in business for at least three months, and have annual business revenue of $30,000. Altogether, these are the most 澳洲幸运5官方开奖结果体彩网:startup-friendly borrower r🌜equirements you’re likely to find. They’re also friendly to borrowers with bad credit.

Fundbox loans come in just two repayment terms: three months and six months. Payments are made weekly and⭕ are automatically withdrawn from your bank account. You may need to look elsewhere if you are looking for longer repayment terms. Once you’re approved, funding arrives as soon as the next day.

In terms of customer experience and reputation, Fundbox has earned high customer approval rati𝐆ngs from online reviewers. You can reach customer service via email or phone and there’s a helpful collection of FAQs on the website. It offers a highly rated smartphone app if you prefer to do your accounting via smartphone.

Fundbox was founded in 2013 b☂y a small business owner who couldn’t get funding for her business. It is headquartered in San Francisco, Cꦦalifornia.

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To be eligible for a small business loan from PayPal’s LoanBuilder service, you’ll need just $33,333 in annual revenue and to have been in business for nine months. LoanBuilder no longer discloses a minimum credit score requirement (it used to be 580), but based 🔯on the above criteria, borrowers with f🐲air or bad credit scores may get approved, too.

You can borrow from as little as $5,000 to as much as $100,000. Payment terms range fromꦅ 17 weeks to 52 weeks, so you won’t have to commit to a long-term loan. You must fill out an application online to find out how much you are approved for and on what repayment terms. Fortunately, this pre-qualification process requires only a soft credit pull service. If you decide to go ahead with one of the loan offers you receive, LoanBuilder w🌜ill perform a hard check.

LoanBuilder has received OK ratings from online reviewers. Our researchers gavꦓe the website low scores for overall experience and educational resources. Aside from basic information on loan eligibility and terms, plus a handful of FAQs, LoanBuilder does not provide website visitors with many details about its loans. Interested borrowers should take advantage of the application pre-qualificati🔯on process to learn more.

LoanBuilder is a service of PayPal, the online digital payments facilitator. PayPal was found𓆏ed in 1998 (as “Confinity” and soon renamed). Since that time, it has processed more than 25 billion digital ꧃transactions. Today, it is headquartered in San Jose, California.

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Credibly’s minimum credit score of 500 is among the lowest we recorded in our database. So, too, is the business age r💦equirement of just six months. Both contrast the high bus🐷iness income requirement ($15,000 monthly or $180,000 annually), which is among the highest in our database. 

Credibly offers a variety of business loan types directly or through its partners (term loans, lines of credit, factor loans, 澳洲幸运5官方开奖结果体彩网:merchant cash advances). You must⛄ complete a pre-qualification application to find out what types of loans you qualify for and their terms. This requires a “soft” credit pull. Credibly says it can approve a loan in four hours and fund꧒ it the same day.

You can borrow from $5,000 to $600𓆉,000 through Credibly. Few other loan terms are shared online. If you’re shopping for a loan, consider completing a pre-qualification application to compare offers with other lenders that provide pre-qualification offers.

Credibly earns high marks from reviewers online. Borrowers can contact the lender via phone, email, and online chat. There’s also a mobile app. I𓆏nvestopedia’s researchers gave it a 3 (out of 5) for online experience. It earned a 4 (out of 5) for its library of educational resources, which includes reports, calculators, explanatory articles, and more. 

Credibly was founded in 2010 and is headquarteredღ 🌺in Southfield, Michigan.

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Lendio says that its partners will lend to borrowers with credit scores as low as 600 and with annual business income of at least $96,000. Your business must have been in operation for at least six months. Borrowers fill out a loan appliꦇcation and receive offers from Lendio’s partners. This prequalification results in a soft credit score inquiry.

Lines of credit are available in amounts from $1,000 to $250,000, so you can set a credit limit that fits your business. You can further control costs by limiting what you borrow; 澳洲幸运5官方开奖结果体彩网:with a line of credit, you only pay interest on funds you’ve withdrawn. Lendio does not disclose the 🌠rates you might pay beforꦗe applying, so taking advantage of the pre-qualification process makes sense.

Lendio has earned generally high ratings from online reviewers. Borrowers can reach customer service via phone or 💫email. Tಌhe website hosts a decent collection of educational resources and a lengthy FAQ. Investopedia researchers rated the overall online experience 3 (out of 5) and the site’s educational resources also 3 (out of 5). 

Lendio is a small business lending marketplace launched in 2011ꦐ. It is headquartered in Lehi, Utah.

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