Asheesh Advani recently published an article in Entrepreneur
magazine about funding options for business that are considered bad credit. The
article touches on a number of great concepts for business owners that are
looking for funding (grants, friends & family etc.). One quote stood out to
us:
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| Comparison shopping for loans is vital |
“There are several non-bank lenders on the
internet that now offer microloans to entrepreneurs. These loans are typically
in the $5,000 to $25,000 range. Some of these sites are excellent sources of
capital for those with poor credit and will also report your payments to credit
bureaus which can help raise your credit score if you make timely payments. Be
sure to shop around and compare rates since each site offers a twist on how
they price loans and spread risk to their lenders/investors.”
As Advani points out, it’s important to shop
around because each site offers a twist on how loans are priced. What Advani
might have not known was how Silver Rock Funding operates: we do the searching
for you as our network of lenders competes for your business. You don’t need to
spend your time hunting around: we do it all for you! Check out the site. It
doesn’t take much time online to realize that there are hundreds of folks
looking at this space. Just Google “small business loan for bad credit” and you will see the results.
Silver Rock Funding has looked to distinguish itself from this space by
leveraging its network and its acumen of the financial space.
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