Best small business loans for bad credit: Get Started Now
Today I would like to take care of how to apply for the best small business loans for bad credit, so just go to acfa-cashflow.com and try for free.
Of course, so that everything is clear I will consider loans offered by the so-called parabanks or private investors because they are in the scope of my interests.
I will talk about loans that are granted by statutory organizations for the implementation of programs financed from the state and EU budget supporting the development of Polish enterprises.
However, despite all nationwide advertising and the activity of companies charging for the costs of purchasing various materials, they are available to a small group of recipients.
However, few entrepreneurs know that in addition to EU subsidies, there are organizations belonging to the so-called The National Services Sector, whose task is to grant low-interest loans from domestic funds and funds, e.g. Good Finance.
It is these loans that are more available to a wider range of entrepreneurs and even people who are just starting to set up a business. They have lower interest rates, do not contain additional cost in the form of insurance, they can be granted on the basis of forecasts.
The only difficulty is that they must be secured
But something for something. I recently had a client who wanted to take a USD 100,000 loan at Loan and Credit Bank. The company has been operating only recently, the loan was to be secured by a guarantee from the Good Finance Fund. From what I knew, such a loan bears an interest rate above 15%. I analyzed a bank loan and a loan from the Foundation.
The monthly difference in installments came out, with a five-year loan of about USD 300, over a 5-year gap, the difference was over USD 20,000. zł. So even if you have to secure a mortgage / and the customer has had the opportunity / a large amount of money remains in your pocket. So I strongly encourage you to look for good solutions.