This client was trying to apply for a business loan to buyout his partner’s interest in the business. However, due to having a low credit score with few credit defaults in the past, the client was struggling to obtain a loan.
The client felt very helpless and decided to reach out to us at the last moment without having any expectations in mind.
As the client only approached late, he was in urgent need of funds, and we knew that we have to act quickly in the limited time. Even though we received the details of the client late, our lending specialists managed to analyse the details in a short time and present the client’s case professionally.
Finally, we successfully secured a bad credit business loan from one of our lending partners.
More importantly, we listened to the client’s requirements and made sure the loan term fit the client’s needs.
The client was surprised by how we presented his case and helped secure ideal funding for him. Moreover, these are all done in a short time that the client was not expecting. He was very grateful and satisfied at the end.
At Broc finance, we believe that every business has different strengths apart from weaknesses and we highlight that to make it qualify for a loan.
If you have a scenario to discuss, contact us or get an indicative quote.
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With the advent of technology, the loan application has become simple and paperless without any hassle to take any printouts. All you need is to submit some basic details related to your business by completing the online application form and last 6 months bank statement of your business through a secured link provided by us. Additional documents may be requested depending on the type of business loan you are applying for.
To get an unsecured bad credit business loan, you need to meet some basic qualification criteria such as:
Lenders would run a credit check only after obtaining a consent from you which is present in the terms and conditions of most of the lenders and you’ll need to agree before submitting the application. At Broc Finance, we can get an indicative quote from the lender prior to starting a formal application with the lender which would save upfront credit check on your file in case you do not meet the lending criteria of the lender.
At Broc Finance, we endeavour to get the most adequate facility suitable to the business requirements of our clients. In most of the cases logged in through us, we try to get an indicative offer from the lender for our client’s consideration before proceeding with formal application and consent to credit check. This approach helps our clients to avoid unwanted rejections and credit checks which can significantly impact their credit score.
We would be happy to answer, if you have any other questions. Please contact us.
Contact us today and discover how our expertise can help your small business thrive.
CALL US
1300 253 041
EMAIL US
enquiries@brocfinance.com.au
Broc Financial Services Pvt Ltd.
ACN 648 088 304
Credit Representative number 540795 is Authorised under Australian Credit Licence Number 389328