When you own a small business in Nashville, it isn’t uncommon to have challenges as you get the company established and growing. For many small company owners and entrepreneurs, one of the most significant challenges to face is experiencing fast growth, with limited access to free cash flow.
Delancey Street offers a solution for undercapitalized, but growing companies. To help meet the needs of small business owners in Nashville, we provide a broad range of financial services including merchant cash advances, small business loans and lines of credit. We understand the needs of the borrower and go the extra mile to help our clients attain their goals and objectives.
Advantages Of Working With A Nashville Bad Credit Small Business Loans
Speedy Approval Process – Depending on your situation, you may not have weeks or months to find out if your small business loan was approved. When you work with a Nashville Bad Credit Small Business Loan provider, you can expect to get a definitive answer on the status of your application within hours. Our application process is simple. Apply online, supply the documents we request and answer a few questions about your business. If your company qualifies and you agree to the terms, the next step is funding!
Fast Funding – As the old Tom Petty song says, ‘the waiting is the hardest part.’ If you needed funds for your projects yesterday, every day that goes past without resolution is stressful. If approved for a Nashville Small Business Bad Credit Loan, our loan officers work diligently to assure that you get access to these funds in two days or less. Try doing that with a conventional bank or institutional lender!
Flexibility – We understand the needs of our borrowers. That is why we are flexible. Not all small business owners and entrepreneurs qualify for conventional bank loans. However, we understand there is more to a growing company than just a credit score. When you work with a Nashville Small Business Bad Credit lender, you don’t have to let a bad month, or an unexpected expense put you under more undue financial stress.
Bad Credit Is No Problem – According to recent statistics, nearly 30% of Americans have poor or bad credit scores. If you are also a small business owner or entrepreneur who has bad credit, this can severely limit your ability to secure traditional loans and lines of credit. Nashville Small Business Bad Credit Loan providers specialize in lending to people who have verified business and history of credit card transactions in their billing systems. A high business or personal credit score not required.
Use The Funds However Needed – Whatever your dream is, a small business bad credit loan can help you make it happen. Business owners can use the money to invest in equipment, inventory, or to hire new staff members to satisfy customer demand. From our perspective, the business owner knows what the company needs to succeed, so they get to decide.
Review The Terms Of Your Loan
Regardless of whether you get a small business loan from your local bank or you work with a bad credit small business lender to secure the money you need to grow your business, it’s important for borrowers to review and understand the terms of their loan before signing the contract.
These conditions outline all of the terms of the agreement, including the loans interest rate, repayment schedule, as well as any additional fees – such as account or management fees – that must get repaid to satisfy the conditions of the loan. To avoid confusion and problems later, it is always a smart idea to calculate the ‘total cost’ of the credit. By doing so, you’ll know exactly how much money you have to repay to the lender over the course of the loan.