Bad Credit Business Loans — Get Approved with Scores as Low as 500
Turned down by banks? We specialize in funding businesses that traditional lenders reject. Your credit score does not define your business.
Your Options
Business Loan Options for Bad Credit
Multiple funding options designed for business owners who have been turned down by traditional banks.
Merchant Cash Advance
$5K - $2M
Most popular for bad credit
Based on your daily sales, not your credit score. Get funded in 24 hours with minimal documentation. Flexible daily remittance adjusts with your revenue.
Apply NowRevenue-Based Financing
$10K - $2M
Revenue is what matters
Qualify based on monthly bank deposits, not credit history. If your business generates consistent revenue, you can get funded regardless of your personal score.
Apply NowEquipment Financing
$10K - $5M
Equipment is your collateral
The equipment serves as collateral, so lenders focus less on credit. Finance new or used equipment even with scores in the low 500s.
Apply NowSecured Business Loans
$25K - $5M
Lower rates with collateral
Use business assets, inventory, or real estate to secure favorable terms even with a low credit score. Lower rates than unsecured options.
Apply NowThe Difference
How We Compare to Traditional Banks
Traditional banks turn away many small businesses over credit scores. See why Slate Financial takes a different approach to funding.
Real Talk
What Actually Matters When You Apply
Your credit score is just one small piece of the puzzle. Here is what our lenders actually focus on when reviewing your application.
Monthly Revenue
Consistent monthly revenue of $10K+ is the primary factor. Lenders want to see your business generates reliable income.
Bank Deposits
Regular business bank deposits show lenders you have steady cash flow. 4-6 months of statements is typically all you need.
Time in Business
4+ months in business shows stability. The longer your track record, the better terms you can qualify for.
Industry Type
We fund most industries. Some lenders specialize in specific sectors and may offer better terms.
Outstanding Debt
Existing loans and MCAs are considered but do not automatically disqualify you. We can even help consolidate MCA debt.
Credit Score
While we do look at credit scores, they carry much less weight than revenue and deposits. Scores as low as 500 are accepted.
How It Works
Why Bad Credit Is Not a Dead End
Slate Financial evaluates your business, not just your credit score. Here is how we approach funding for borrowers banks turn away.
Revenue over credit score
Products like merchant cash advances and revenue-based financing weigh your monthly deposits far more heavily than your credit score — scores as low as 500 are accepted.
15+ products to match your situation
Bankruptcy on record, low score, or limited history? Our lineup spans MCA, equipment financing, secured loans, and more so there is a path for most profiles.
Soft-pull pre-qualification
See what you may qualify for without affecting your credit score. A hard pull only happens after you accept an offer and move forward.
FAQ
Bad Credit Business Loan Questions
Everything you need to know about getting a business loan with less-than-perfect credit.
Don't Let Your Credit Score Hold Back Your Business
Your business deserves funding regardless of your credit history. Apply now and see what you qualify for. No obligation.