how much can i borrow with a 680 credit score

How much can I borrow with a 680 credit score?

Crystal Business Funding provides funding for businesses that have a 680 credit score. Apply Now for quick and easy working capital for your business.

With most lenders a 680 credit score is good enough to get you an approval. So, if everything else looks good to the lender, you should have no problem securing a business loan. Though keep in mind, banks might still require collateral and a whole bunch of paperwork, you will have a much easier time working with an online lender. 

Loan Amounts: The loan amount depends on how much your business is generating in monthly revenue, and the type of loan you go with. At a bank you can get upto 20% of what your business is generating annually. So if you're doing $500k annually you can get approved for upto $100k. At an online lender you can be approved for upto 1 months revenue, so you'll be approved for about $65k.

Business Loan Approvals: With banks, they may ask for collateral or business plans, meaning it is a lengthy and more difficult process.

This is where online lenders like Crystal Business Funding step in to make it easier to access working capital.

At Crystal Business Funding, we are entirely aware that your credit score is but a small portion of the whole picture; we go for the big picture: what kind of health is your business in? How much money are you making in revenue? How is the cash flow? What about growth? All this and more enables us to give larger quantities and be more flexible.

The loan solution available

Merchant Cash Advance: Some popular options given to businesses include MCAs. These deals feature instantaneous funding, set against a certain percentage of daily sales. This is most likely to prove valuable in the context of a business that enjoys a steady income.

Revenue-Based Loans: These facilities are tailored to the revenue of your business. This can enable one to borrow up to the level of affordability and, at the same time, tailor the repayments according to one's earning level.

Why Crystal Business Funding is Your Best Option

When it comes to funding a business, Crystal Business Funding offers a whole bunch of benefits that banks can't match:

Speed: We value your time just as you do, and that is why we have speedy approval times, usually within 24-48 hours, to make sure that you get the funds in time.

No Collateral: Unlike most traditional banks, which require you to post personal or business assets as collateral, with us, you are not going to experience such risks. This alone will make the whole process pretty easier and less distressing for you.

Statistics

Approval Rates: With a credit score of 680, the approval rates online lenders are as high as 85% of applications being approved.

Conclusion:

A 680 credit score can open the door to real significant borrowing potential for your business. At Crystal Business Funding, you are a lot more than just a credit score: you are a business with a name, a face, with unique needs and opportunities. Our flexible loan options-fast and person-focused-get you the money you need to grow.