Generally speaking, bad credit refers to borrowers who have a credit score under 600, often due to missed payments, financial delinquencies (consumer proposal, bankruptcy, etc.), or other problems related to unpaid debt. For many banks and other traditional lenders, this is a sign that you won’t keep up with your payments, so the result can be a rejected application, access to less credit, or higher interest rates.
SharpShooter Funding offers plenty of financing options for business owners with bad credit. In fact, many of their services don’t require you to have a minimum credit score at all. You can even increase your approval odds and earn better product conditions when you:
Offer one or more assets to be used as loan security (collateral)
Find a qualified guarantor to co-sign your application
Request a smaller amount of financing or shorter repayment period