Struggling to secure funding because of your credit score? You’re not alone—but you’re not out of options.
Traditional lenders, like banks, often prioritize credit scores as the primary factor in determining loan eligibility. For small business owners with less-than-perfect credit or limited credit history, this creates an unfair barrier to essential funding. At Simmons Capital, we believe your business’s potential matters more than a number on a report. That’s why our non-bank lending solutions focus on flexibility, speed, and accessibility.
Why Banks May Turn You Down
When applying for a loan from a traditional bank, you’re often required to meet rigid criteria, including:
- A credit score above a certain threshold.
- Lengthy business history with substantial revenue documentation.
- Collateral to secure the loan.
These requirements can exclude many hardworking business owners who simply need a helping hand to grow.
How Non-Bank Lending Solutions Work
Non-bank lenders, like Simmons Capital, use a broader set of criteria to evaluate your loan application. Instead of focusing solely on your credit score, we consider:
- Cash Flow: Your current and projected revenue streams.
- Business Potential: Growth opportunities and industry trends.
- Custom Needs: Your specific funding goals and timeline.
Why Choose Non-Bank Lending?
- Fast Approvals: Unlike banks, which can take weeks to review applications, non-bank lenders prioritize quick turnarounds.
- Flexible Requirements: No need for perfect credit or extensive documentation.
- Tailored Solutions: Loans designed to fit your unique needs, whether it’s equipment financing, working capital, or payroll funding.
Your Partner in Growth
At Simmons Capital, we specialize in empowering small business owners with practical funding options. Don’t let your credit score define your business’s future. Apply today and experience how non-bank lending can unlock your potential.
