Cash flow is crucial when running a business. Even if the business is doing well otherwise, an emergency can prevent you from having enough money to operate the company. Plus, when your credit score is low, finding a rapid loan or credit line can be nearly impossible and very expensive. Luckily, not every fast lending option requires a high personal or business credit score. Consider these funding options that can give you a quick insurgence of cash, even with bad credit.


Invoice financing, or factoring, allows users to obtain cash for unpaid invoices. This option does not depend on your credit score and gets money quickly that you otherwise would have had to wait for. Be sure to look over the terms offered by different invoice factoring companies in Macon, GA, since they can vary greatly.

Credit Line

One of the most common ways to get working capital quickly is by obtaining a line of credit. Businesses can get credit lines from banks, alternative lenders, or in the form of a business credit card. These options can help companies to handle day to day operations. Keep in mind, though, that with a low credit score, you will likely end up paying high interest rates.

Online Business Loan

Online financial institutions can be more flexible than brick and mortar institutions. They may offer business loans based on performance as opposed to credit history. This makes it an excellent option if your company recently encountered a hardship but has usually been successful. Online loans usually come with higher interest rates, which is a factor to keep in mind when weighing your options. However, the lax credit standards and easy application process mean businesses will get the money it needs rapidly.

Loan from a Family Member or Friend

This sort of nontraditional lending route may be the best for your company, if you are able to take advantage of it. It’s unlikely that a friend or family member will charge you interest, making this one of the most affordable methods. On the other hand, it might be difficult finding a close relative who is willing to lend your company large amounts of money.

With a low personal and business credit score, there is no need to panic; you can still locate rapid lending methods to keep your company operational. Struggling businesses can work with lenders, invoice factoring companies in Macon, GA, or friends and family to create a new, short-term funding plan.

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