Here is a summary of the video, written in the tone of Bev O'Shea:
• If you're a startup with bad credit, there are options to get funding, no matter your credit score. Here are five lenders to consider:
1. Lendesa - They offer merchant cash advances up to $20,000, with interest rates as low as 20%. You'll need $25,000 in annual revenue (around $1,200-$1,500 per month) and a 550 credit score.
2. Yendo - They use your car's equity to provide a line of credit, from $450 up to $10,000. Your credit score doesn't matter.
3. Fundo - They offer up to $110,000 in merchant cash advances, and work with freelancers, small businesses, contractors, sellers, and franchises, including MLMs.
4. Giggle Finance - They provide $5,000 loans with no credit requirements, working with app-based freelancers, rideshare drivers, handymen, and more.
5. Fair Credit - They report to business credit bureaus and provide a business credit file and score, plus a credit card/line of credit if you make $2,500-$250,000 per year.
• The key is finding lenders that don't focus on your personal credit score. Look for ones that assess your business revenue and assets instead.
• Also, choose the right business bank account, as some don't report to credit bureaus, which can limit your funding options.
YouTube Url:
https://www.youtube.com/watch?v=ntzPospMeSIYouTube Channel:
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