Friday, 31 May 2024

5 Effortless Startup Loans for New Businesses: Get Funding Regardless of Circumstances


Here is a 150-word summary of the information provided, written in a professional tone and formatted with bullet points, bold text, and headings: # 5 Lenders for Startups with Bad Credit As a Credit Specialist, I want to share five places you can try for funding your startup, even with a poor credit score. **Lendesa** - Offers free freelance cash advances up to $20,000 - Requires at least $25,000 in annual revenue (around $1,200-$1,500 per month) - 550 credit score minimum - Checks third-party credit bureaus, not just your personal credit **Yendo** - Provides lines of credit using your car as collateral - Approves based on car equity, not credit score - Offers $450 to $10,000 in funding **Fundo** - Offers merchant cash advances up to $110,000 - Works with freelancers, contractors, sellers, and franchises - Minimum $1,500 average monthly revenue **Giggle Finance** - Provides $5,000 in funding - Accepts app-based freelancers, ride-share drivers, handymen, and more - Requires at least 3 months in business **Fair Credit** - Provides business credit file access and a credit card/line of credit - Reports to multiple credit bureaus, including Small Business Financial Exchange - Requires $2,500 to $250,000 in annual revenue

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