Bad Credit Business Loans
Bad Credit Business Loans for Companies with Low Credit Scores
Many lenders determine a business’s eligibility for a loan based on factors like their credit score. They typically only approve loans when a borrower has a score of 650 or higher. This leaves many businesses unable to secure the funds they need to purchase the properties, equipment, and other essential items necessary to continue their operations. A low credit score does not have to prevent you from getting a loan when you have collateral to act as security. J. L. Lane Lending, LLC is a provider of bad credit business loans for investors in Selma, Auburn, Greenville, and beyond. We’ve spent decades helping businesses with less-than-perfect credit secure funds to launch a new business or advance their current one. Bad credit business loans allow you to borrow capital in a variety of small business industries, including transportation, construction, and house flipping. Let our team of local lending specialists evaluate your investment needs and collateral. Pending adequate security for the money, we can approve a fast loan for your purchase.
Secure a Loan with Your Assets as Collateral
We understand that having bad credit does not always mean you can’t pay your bills. Our bad credit business loans allow companies throughout Alabama to grow and maintain their activities with funds for the property and equipment they need. We require you to provide suitable collateral as security for any loan we consider for your investment. Acceptable personal assets you can use as collateral include vehicles, real estate, trailers, and equipment you or your company already owns. This collateral ensures that we have something of adequate value to cover the cost of a loan in case you fail to reimburse us. Your business investments may vary, and we provide loans to make sure your needs get covered. Many businesses need startup capital to get their operation off the ground, and other businesses with growth opportunities may require additional investment in equipment and resources.
Some Common Investments that Warrant a Loan Include:
- Purchasing or renovating properties to flip
- Purchasing or renovating rental properties
- Acquiring commercial vehicles or trailers
- Replacing outdated equipment
Let J. L. Lane Lending, LLC Finance Your Business
J. L. Lane Lending, LLC has a long history of lending to businesses throughout Alabama. Call us today to get information about our lending services and find a loan that suits your business investment needs.