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Bad and poor credit C store, convenience and grocery business financing programs for small business loans are available with easy qualify and working capital financing up to $50,000. This gives established small businesses a notable likelihood to take a business loan and/or financing for their business without a personal credit check. This bad and/or poor credit C store, grocery and convenience business loan program with a no credit check isn’t a merchant cash advance or merchant loan. Additionally, it isn’t related to the payday loan program. This bad and/or poor credit no credit check small business loan and financing program is put together in the following way. The poor and/or bad credit C store, grocery and convenience small business applicant should follow the below guidelines: 1) Maintain at least a $4,000 ending bank balance business account 2) Deposit at least 10-15 times per month in their grocery and convenience store business account 3) Be in business at one year and establish the ability to repay back the C store loan 4) Have no outstanding large tax liens, delinquent child support issues, not currently in bankruptcy or foreclosure Documentation Requirements 1) Signed and dated application 2) Supply a copy of the detailed grocery store business bank statements for the last four months 3) Copy of the Owners Drivers Licenses 4) A photocopy of the Articles of Incorporation if Applicable 5) Photocopy of a business license, tax id number or any other relevant license The bank will lend up to 2.5 x the average ending balance on the C store, grocery and convenience store business bank account for the last four months up to $50,000. These are business loans and the length of the loan is four months which can be renewed. The loan can replace a merchant cash advance if it doesn’t go over 40% of the qualified borrowing base. At funding, the lender will pay off the merchant cash advance or loan and pay you the difference. Example, your monthly average ending balance in your grocery store business bank account is $20,000 for four months. Your borrowing base would be $20,000 x 2.5 or $50,000. If your current cash merchant advance is $18,000, the bank at funding would payoff the merchant first and remit to you the difference for $32,000. Obviously if you didn’t have an outstanding merchant cash advance, this area wouldn’t apply. The kinds of businesses that would be grand for this type of bad and/or poor credit business loan would be the following: Gas stations, restaurants, C stores, grocery and convenience stores, bars, discos, tanning salons, pizza shops, dry cleaners, doctors, dentists, physicians, lawyers, accountants, Cpas, limousine owners, automobile service centers and body repair shops, dog groomers, florists, beauty and nail shops, distributors, all different types of service providers. In close, this is a great possibility to obtain a short term bad and/poor credit small business financing in this hard economy. This isn’t a merchant cash advance or loan program which can be quite tedious in its paperwork and processor work standards . This fantastic grocery and convenience store business loan program isn’t credit driven, for that reason your Fico Score isn’t an issue. These small business loans can be renewed every four months if wanted by the applicant and gives the business a working capital injection. Happy hunting for your short term bad and/or poor small business C store, grocery and convenience store loan and its related working capital financing.
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J.M Luna has over thirty years in the financial field. Thsi includes finanicng, leasing, business loans, and hard asset money loans. U.S Corporate Capital Leasing assists the start up and seasoned businesses for all its C Store, grocery and convenience store financing needs. www.cclgequipmentleasing.com www.cclgequipmentleasing.com/cashadvances.htm
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