Across the country, business owners who attempt to get a small business loan with bad credit are discovering that, rather than extending a warm and hearty handshake, their bank is giving them the cold shoulder.
Why is this? It’s because banks don’t want to take any risk, and they view business owners with bad credit as personified “Red Flags”. As such, they won’t even consider offering a small business loan. They’re much more interested in focusing on their large and enterprise customers, and earning transaction and serve fees.
On the other hand, here at Shield Advisory Group, we understand that business owners are often forced into making regrettable financial decisions. For example:
These are just some of the many reasons why small business owners end up with bad credit. However, banks don’t want to hear the back story. They look at the numbers -- not the people.
Our view, however, is categorically different. We care much more about what a business owner is doing now – i.e. what their attitude and practices are today – than what may have transpired several months or even years ago. Provided that a business owner is on the right financial track, we’re both pleased and privileged to be part of their success story. It’s what we’ve been proudly doing since 2008.
To learn more about our transparent small business loan options and programs – regardless of whether you have good credit, dinged credit, or bad credit – give our experts a call today. As always, your consultation is free.
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