by admin | Mar 23, 2022 | Bad credit score loans
Do you want to know how much loan can I get with bad credit? If so, then this blog post is for you. In the following article, we will discuss different types of loans that are available for people with bad credit and how much each type of loan costs. We will also provide information on average interest rates and what percentage of applicants are approved for these loans.
We will also provide a few tips on how to get approved for these loans in case you are having trouble.
Types of Loans You Can Get With Bad Credit
If you have bad credit, then there is nothing more important than getting your finances under control by finding an affordable way to pay off debt and manage the interest rates that lenders charge. This article will list several types of loans available with bad credit and provide information on the average amount of loan that each type costs.
This article will also include a few tips to help you get approved for these loans if this is something that interests you.
We will start by discussing payday loans, which are small cash advances typically given up to $500 or less with an interest rate of about 15% per month (which comes out to be around 180% annually). For most borrowers, rates can run even higher than this depending on their specific situation such as whether they qualify for additional fees like late payment penalties.
These types of loans typically cost more in annual percentage terms than other options because they require repayment within two weeks and there aren’t any extended monthly payments allowed before the due date.
We provide information on average interest rates and what percentage of applicants are approved for these loans. This article also provides a few tips to help you get approved if this is something that interests you. One option discussed in this paper includes payday loans which charge about 15% per month (which comes out to be around 180% annually). Most borrowers’ rates run even higher than this depending on their specific situation such as whether they qualify for additional fees like late payment penalties. These types cost more in annual percentage terms than other options because they require repayment within two weeks and there aren’t any extended monthly payments allowed before the due date.
We will then discuss installment loans, which are larger cash advances that typically provide up to $20,000 or less with interest rates around 20% per year (which comes out to be about 240-300% annually). These types of loans have a longer repayment period compared to payday loans but usually still require payment in full by an upcoming due date.
Interest Rates for Loans
Interest rates for these types of loans tend to run higher than those offered through credit cards or even bank overdraft programs so it is important for you to carefully review all your options if you need help managing expensive debt. How much loan can I get with bad credit? If so, then this blog post is for you. In the following article, we will discuss different types of loans that are available for people with bad credit and how much each type costs. We provide information on average interest rates and what percentage of applicants are approved for these loans. This article also provides a few tips to help you get approved if this is something that interests you. One option discussed in this paper includes installment loans which charge about 20% per year (which comes out to be about 240-300% annually). Interest rates tend to run higher than those offered through credit cards or even bank overdraft programs so it is important for you to carefully review all your options if you need help managing expensive debt.
We will then move onto long-term installment loans which are meant to be repaid over periods of three years or more with interest rates that can run as high as 20% per year (which comes out to about 240-300% annually). This type is usually used by borrowers who need larger amounts of cash and don’t want to pay it off in one lump sum.
These types of loans may require monthly payments but the lender will often allow extended due dates so you won’t have to make payment every single month if you don’t want to deal with this hassle. We also discuss peer-to-peer lending, where two private individuals work together outside a traditional bank for financing needs like paying medical bills or consolidating debt. Since these individual lenders decide whether they approve your loan, the amount you can borrow is usually based on your income and credit rating (which means higher interest rates than traditional loans).
As you can see, there are many types of loans that will be available to you with bad credit. The key is to find the one that best fits your needs and circumstances. If you have any additional questions about what type of loan would work for you, let us know! We’re here to help!
by admin | Jul 7, 2018 | Bad credit score loans, Business Funding, Equipment Financing, Line of Credit
Equipment financing at Empire Merchant Group
Looking to upgrade or buy equipment or technology for your business?
It can be a challenge to replace your equipment or purchases brand new ones. Equipment financing helps to obtain all you need to make your business successful. Sometimes upgrading or buying new equipment can put a squeeze on your cash flow but with low interest rates for equipment financing, fast approvals and low fees you will be able to achieve your business needs. Click here for more information https://empiremerchantgroup.com/equiment-financing/.
Since applying for an equipment loan naturally is fast and easy. You can obtain all the goodies to grow your business, such as machinery, trucks, vehicles, computers or any other need.
All most all industries and business qualify for equipment financing which is also a good thing if you don’t have the best credit score. In some cases the equipment acts as collateral. At Empire Merchant Group we have different options,
- With collateral
- Without collateral
- Monthly payment
If you don’t have the extra cash on hand, taking out a loan is a way of helping you get the equipment you need without having to put money upfront.
Benefits of applying for a loan:
-Stay up to date with new Technology
-Increase your range of distance by obtaining more car/truck fleet
-Expand your restaurant/bar by buying new supplies to help you compete in the market
-It helps build your business credit
The variety of new or used equipment you buy with the equipment loan is limited to your imagination.
Therefore after pointing out your benefits let’s talk about something important low rates. Normally when we talk about rates we get a bit skeptical since you as a business owner you look for the best rate. Find below a chart of different types of financing and rates.
||Up to 100% of equipment value
||8 – 30%
||$5K – $5M
||Starting at 6.75%
||$25K to $500K
||7 – 30%
|Business Line of Credit
||$10K to over $1M
||7% – 25%
When it comes down to request am Equipment Loan at Empire Merchant Group we offer you
- 1 minute Pre-Qualification
- Fast Approval
- Same day funding
- Easy paperwork
- Last 6 months business bank statements
- Copy of quote for the equipment or Make, Model, year of item
At Empire Merchant Group we consider your business needs as our priority with no hassle requirements with slightly paperwork and fast approval.
If this is something you are considering, to grow your business you came to the right place!
Empire Merchant Group https://empiremerchantgroup.com/equiment-financing/ start by filling our online form to get you funded as soon as possible.
by Esteban Cascante | Jul 3, 2018 | Bad credit score loans, Business Funding, Equipment Financing, Line of Credit, Linea de crédito empresarial
Empire Merchant Group es la mejor fuente de financiamiento rápido y con pocos requisitos.
Empire Merchant Group ofrece todo tipo de financiamiento para la pequeña empresa: líneas de crédito, capital para compra de equipo, préstamos a largo plazo sin fiador ni garantía, entre otros.
Dirigir su propia pequeña empresa no es tarea fácil. Cuando eres el jefe y tienes el control de tu propio plan de negocios, puede ser estresante saber que tu bienestar y el de tus empleados están ligados al logro de tu idea.
La mayoría de las nuevas empresas se ven obligados a cerrar dentro de los primeros años de funcionamiento, las probabilidades están en contra de las pequeñas empresas. Los restantes permanecen abiertos porque se vuelven creativos, innovadores y no temen mirar fuera de la caja para aumentar su flujo de efectivo y optimizar sus resultados
Usted puede ayudar a aumentar su flujo de caja y hacer que su negocio sobreviva. Aquí señalamos algunas formas de aumentar su flujo de efectivo
- Revisa tu estrategia de precios
- Agregue todo tipo de métodos de pago
- Trate de contratar un buen Contador para que le lleves sus finanzas
- Configure su facturación de forma automatizada
Poner estos puntos en práctica lo ayudará a tener un crecimiento en su negocio y a aumentar el flujo de sus clientes.
Sin embargo, muchos propietarios de negocios quedan atrapados en la fase de proyección, centrándose en la perspectiva de ganancias a futuro, sin el capital operativo para llegar allí. Si desea que su negocio crezca, es fundamental que explore formas no solo de alimentar su futuro, sino también de encontrar maneras de desarrollar su flujo de efectivo operativo para el presente.
Ahora que le dimos algunos consejos que le ayudarán a hacer crecer sus finanzas y su pequeña empresa, recuerde que esto no es una solución única, las empresas exitosas implementan constantemente sus métodos y procesos.
Aquí en Empire Merchant Group, LLC queremos que triunfe como emprendedor y le damos las herramientas necesarias para que lo consiga por medio de varios de nuestros programas de capital de trabajo:
by Esteban Cascante | Oct 14, 2016 | Bad credit score loans, Business Funding, Equipment Financing, Line of Credit
Are you struggling with bad credit? Are you tired of lenders saying “NO” due to bad credit history and need cash for your business in hurry? There is hope! Getting the money you need to support your venture can be easy by applying for a loan through Empire Merchant Group.
We offer bad credit business loans that don’t require a perfect credit score. We count mainly on your business performance – not on your credit score. A majority of our business loans for bad credit don’t show up on your credit report as an outstanding loan. And, this means that your business can take advantage of other financing programs outside of what we provide.
No Collateral Required
No Personal Guarantee
Quick Online Application
Flexible – Automated Payback
No Business Plan Necessary
Bad Credit OK
Get guaranteed bad credit business loans for your small business in just 1 hour. Additionally you can get your credit repaired when funded with us. Contact us today at 646-868-8423 for a cost free initial evaluation.
by Esteban Cascante | Oct 12, 2016 | Bad credit score loans, Business Funding, Equipment Financing, Line of Credit
Acquiring a business loan is not easy for businesses with bad credit. Getting approved for a business loan from a bank can be extremely difficult. Many entrepreneurs quickly learn that their initial business loan was helpful in establishing and starting up – but expansion, maintenance or even growth requires additional funding which may not always be available.
Business cash advances are the best option for merchants with poor credit in need of small business financing. Cash advances offer the following benefits not available through bank bad credit business loans:
- Flexible repayment options!
- Unsecured, no collateral necessary!
- Bad credit not an issue!
Stop turning to banks for unsecured business loans with bad or poor credit, get the financing you need quickly. Bad credit small business loans from Empire Merchant Group.
Call us today at 646-868-8423 to learn more about acquiring a business loan with bad credit or poor credit history.
by Esteban Cascante | Oct 12, 2016 | Bad credit score loans, Business Funding, Equipment Financing, Line of Credit
Empire Merchant Group, LLC. offers Small Business Loans to owners with poor credit score.
Empire Merchant Group provides small business cash advances to business owners who have a poor credit history. If you’ve been turned down by the bank, get in touch with us! We provide bad credit small business loan solutions for people with bad or poor credit history. Get guaranteed bad credit business loans for your small business in just 1 hour. Get your credit repaired with fast business financing options.
Bad credit business loans from Empire Merchant Group help small business owners secure funding that they need to keep their business expanding. Get started today!
We offer the fast, flexible alternatives to bad credit business loans for your business needs. Regardless of your credit, we want to work with you! We will provide you with the Best Rates on Business Loans for Bad Credit.