If you have a low credit score and need a loan for your business, you are in the right place. We all know that building a successful business, especially if it is a small business, requires a number of investments. To do so, you need high capital to expand in size and earn higher revenues.
With this in mind, Reliant Funding is here to help you, delivering the best financing option at affordable rates, without taking your credit history into consideration and much less judging you for it. With it, you can do whatever you want, from paying expenses, buying supplies, or even financing equipment.
Everything is very simple, from the application process to the payment terms. You can get up to $400,000 in loans, which can be very useful for improving and expanding your business.
Are you ready to apply for Reliant Funding ? Read on to learn all about this provider, as well as its advantages, cons, and how to apply.
Reliant Funding
Minimum credit score of 525 Get cash in less than 24 hoursHow does Reliant Funding work
Reliant Funding is an online alternative lender based in San Diego, since 2008, that offers merchant cash advances (MCAs). Merchant cash advances are an expensive way to borrow money and are generally best for businesses that generate a high volume of daily sales and can pay off debt quickly.
Reliant Funding can be a good option for entrepreneurs who own small businesses and need quick funding. Reliant Funding’s MCAs offer loans up to $400,000, terms between three and 15 months, and factor rates starting at 1.10.
Who is Reliant Funding for?
This wonderful option is excellent for entrepreneurs who need quick cash for the company, usually this is done in less than 24 hours. Also, if you are looking for MCAs, you have found a great outlet – since the best MCAs are here.
Another point is that if you have a weak credit profile, you end up becoming eligible for Reliant Funding. You just need to have been in business for at least six months, earning more than $60,000 per year, and with a personal credit score of at least 525.
Main Advantages of using the Reliant Funding
Reliant Funding is available almost everywhere in the US and offers acceptable interest rates and good payment terms for most users. But there is a little more to this line of credit that may convince you to get a loan and fulfill your favorite business dreams.
Some advantages include:
- High loan amounts
- Same-day funding available
- Available in most US states
- No credit score requirements
- Various types of financing available
- Relatively competitive rates and fees
- Low minimum time in business and annual revenue requirements
Reliant Funding is an easy-to-use system that allows almost any small business owner to get a loan. Which can be a great way to get rid of the high interest on other debts or give your business projects a boost.
Cons from Reliant Funding
Reliant Funding has some negative points that should be explored and discussed here. The first of these is the fact that the site’s advertising is uninformative, lacking in transparency and even inconsistent customer service.
In addition, it should be noted that loan repayments are frequently charged, as sales drop, a percentage is refunded to Reliant Funding. Finally, it should also be made clear that the application process can be slow, especially for equipment financing.
How to Qualify for Reliant Funding
Business loan applications are approved or denied based on several factors. All lenders have their own unique underwriting requirements. See Reliant Funding’s criteria:
- Personal Credit Score – must be at least 525 points to qualify.
- Time in Business – must be at least six months to be eligible.
- Annual Business Revenue – annual revenue must be at least $60,000 – a monthly revenue of $5,000.
You can apply directly through the Reliant Funding website. There you will have to fill out a form with basic information before getting an approval.
How to Apply
To get this application, the best way to apply is online through the application form made available on Reliant Funding’s official website.
Before applying for a loan, make sure you have evaluated your credit report and read all the details in the fine print to avoid confusion when the monthly payment due arrives. Reliant Funding will likely perform an affordability assessment before providing access to funds.
Conclusion
In conclusion, Reliant Funding offers a viable option for small business owners seeking quick access to capital, especially those with weaker credit profiles. With loans up to $400,000 and same-day funding available, it provides flexibility and speed in financing. However, potential applicants should be aware of the repayment structure tied to daily sales, which can fluctuate, and consider the factor rates that determine the total borrowing cost. Despite some drawbacks like transparency issues in advertising and potential delays in the application process, Reliant Funding remains a practical choice for businesses needing timely financial support without stringent credit score requirements.
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