"Unlock Your Entrepreneurial Dreams: 5 Effortless Startup Loans for New Businesses"

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5 Lenders for Startups with Bad Credit

As a Credit Specialist, I want to share five lenders that can provide funding options for startups with poor credit:

1. Lendesa

- Lendesa offers **free, freelance cash advances** up to $20,000 - They require at least **$25,000 in annual revenue** (around $1,200-$1,500 monthly) - Minimum credit score of **550** - They check third-party credit bureaus like Clarity, DataX, and Equifax

2. Yendo

- Yendo provides **lines of credit** using your car as collateral - Lines range from **$450 to $10,000** - No credit score requirements, just proof of vehicle equity - They report payments to Experian, Transunion, and Equifax to help build your credit

3. Fundo

- Fundo offers **merchant cash advances up to $110,000** - Targets freelancers, small businesses, contractors, sellers, and franchises - Requires an **active business bank account** and at least **$1,500 in monthly revenue** - Does not consider credit scores

4. Giggle Finance

- Provides **$5,000 funding** with no credit requirements - Accepts app-based freelancers, rideshare drivers, handymen, and more - Requires at least **3 months in business**

5. Fair Credit

- Offers a business credit file, Vantage score access, and a **$500-$250,000 line of credit** - Requires **$2,500-$250,000 in annual revenue** - Reports to business credit bureaus like Experian, Equifax, and Small Business Financial Exchange The key is finding lenders that focus on your business revenue and assets, rather than just your personal credit score. Leveraging the right business banking relationships can also improve your funding options.

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