Minimal credit history for a startup loan. Startup loans were created for business owners who wish to begin or develop a home based business.
getting the hands on a startup loan, you donвЂ™t need to be a small business owner (yet), but since this types of loan is very dangerous for the lender вЂ“ they generally have pretty strict qualification criteria as you have no business experience or financial history.
Minimal credit history needs for a startup loan: quite high credit rating (680+)
Minimal credit score for invoice factoring
With invoice factoring, you offer your invoices to a lender at a price reduction in return for immediate funds.
ItвЂ™s the funding that is ideal for companies with low income that fight with belated consumer re re payments or unpaid invoices. (more…)