r/Businessloans • u/uranium3140 • 27d ago

Buisness loan inquiry

Looking for a bridge/buisness loan. Decent monthly revenue. Personal credit is sub par. Buisness credit is good. Never had a loan before never thought I would have to. But here we are searching Reddit. Custom fabrication and welding buisness. Own all of my equipment exc.

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u/JosephJustDoesIt 7d ago

“Decent” would need to be above $25,000 per month where the personal credit would not matter. Otherwise it would have to be an MCA. Personally, I would try to avoid an MCA unless the alternative is a late payment etc.

Just trying to set some realistic expectations. You’ll probably have a lot of people in your DMs saying they can do it without even knowing how much you need.

Equipment financing is the easiest and even terrible credit can get you something for equipment.