After the economic downturn in the late 2000’s many small businesses were unable to qualify for business working capital loans. Traditional banks and credit unions weren’t even lending to those who had sparkling credit and sources of collateral. To make matters worse, the struggling economy forced many small businesses to close and even file for bankruptcy. In fact, in 2010 alone, over 1.5 million businesses filed (bankruptcyaction.com, 2013).
If you and your small business were forced to file for bankruptcy, then you know the years following can be quite a financial struggle. In accordance with Experian, one of the three major credit reporting bureaus, “Rather than deleting the accounts immediately after filing bankruptcy, they are updated to show that they are included in credit history. It will remain for seven to ten years, depending on the type.” Most people who plan to keep their small businesses alive, struggle to find sources who will provide small business working capital loans after bankruptcy.
What You Can Do
All lenders have their own criteria by which they determine eligibility for small business loans, so your best bet is to find lenders that specialize in these types of loans. At Liberty Capital Group, Inc., we understand the difficulty that comes with being a business owner in the tough economy. Liberty Capital is a leading provider of small business working capital loans after bankruptcy. Our goal is to assist businesses that may have had rough past but still need funding to continue their success. We offer loans to meet the needs of any troubled situation.
What We Do
Because our small business working capital loan is not based on your credit history and only considers the monthly revenues of your business we are able to provide your business with capital without the need for a good credit score or collateral. Don’t let your business suffer just because you can’t get the funding you need.
If you are interested in our business working capital loan, you can apply online. It won’t cost you anything to apply, and there’s no obligation to move forward. If qualified, one of our experienced underwriters will be there to assist and let you know exactly how much money you qualify for.
Get back on your feet today, see what additional working capital can do for you!