Do you know about Blursoft? and how you can get a business loan with bad credit using Blursoft?
Due to their poor or bad credit ratings, many small businesses find it difficult to obtain loans from traditional lenders. As a result, most of these, businesses fail, and the economic downturn brought on by the COVID 19 pandemic has forced even traditional lenders or banks to exercise caution when lending money.
The good news is you can get business loan with bad credit using Blursoft. In this article, we are going to talk about how Blursoft has made it possible for people with bad credit rating to get loans.
What Determines A Bad or Good Credit Rating
Credit Rating are being based on five different things. Before being able to get a loan, your credit rating must be good enough for you to be able to obtain a loan from a Bank institution or traditional lenders. However, loans can be denied you if you have a bad credit rating which are based on
These above factors determine how fast or easier it is to get a loan from traditional lenders or Banks. In order to acquire a loan from the bank, a collateral is needed so that if you can’t pay, whatever you provided as a collateral can be taken away in place of the debt you owe.
Blursoft is a lending enterprise located at 11806th Ave floor 8 unit 50, New York NY 10036, United States. Tel (888)412-4412
Blursoft was created to make it easier for many small business owners with bad credit to obtain loans to start up and run their enterprises.
With Blursoft, business owners can obtain finance for their operations regardless of their credit standing, making it easy to try to obtain a loan despite having bad credit.
According to Blursoft, their goal is to help get business owners, the money they need at the time, when they need it most. Even though your credit score matters in the loan application process, it shouldn’t be the only factor that matters. They believe that your bad credit rating, doesn’t define you.
In Blursoft, you can apply for a merchant cash advance or loan.
What Is A Merchant Cash Advance?
This is a type of funding that gives your business quick access to money based on your credit card sales. You can use the funds to purchase goods, services or machineries for your business. It is easier for businesses with bad credit to qualify for a merchant cash advance than other forms of financing. MCA are easily accessible for businesses with bad credits, start-ups or businesses without collaterals. A MCA is unsecured, no collateral is needed unlike the bank institutions.
Advantages Of Blursoft
- Quick access to funds
- Easy to set up and use
- No collateral
Steps On How To Get A Business Loan Using Blursoft
- Go to their web page and apply online by filing out some basic information of yourself on a form
- After you have submitted the form, a financial advisor will reach out to you to guide you to choose which line of loan credit will go well for your business type.
- You get approved within 24 hours and you get your funds with ease.
Blursoft has made it quite possible to get business financing funds to skyrocket your business, without stress.