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I’m going to share with you how you can get up to $50,000 in capital for your business with no hard credit check. Yes, it is possible. We’re going to talk about it today.
Did you know that one of the data points used to approve your for an SBA loan is your transaction history? Again, not your credit score, but your transaction history…
If you’re selling something through PayPal or some other similar platform for your business. These third party websites actually keep track of this history. This data can unlock some incredible funding opportunities for you.
I’m going to talk to you about a little program called Veem Capital. It’s a fast an easy approval process and they don’t require credit inquiries to conduct business with you.
The approval process won’t involve your personal bank account, just the business transactions. They don’t require personal guarantees and they only consider commercial credit.
You can make payments with your credit card. Basically, Veem was created for people who need short term funds and need them FAST! And EASY!
If you’re a customer, you can get up to $50,000. If you meet the basic criteria, you will qualify for the basic capital program. It is only available to U.S. customers. Some of you guys aren’t from the U.S., but there are other options for you I will go over sometime later…
You also have to have an active account and have to have been in business for at least one year. The working capital cost sits at a 2% a month fee, which is completely affordable and any repayment is auto paid from your bank account.
Since this is a “short term” capital solution, the maximum you can have to use the capital is for 3 months.
The best part is, you can get access to funds in just one business day. Veem basically gives you the option to send and receive money, geared specifically to businesses. It also supports multiple payment methods like a bank account, which means instant deposits.
Usually there’s a 1% fee but if you decide to use a credit card for transactions, it’s a 2.9% fee.
Again, there’s not going to be a hard credit check, but they will be looking into your business credit and transaction history. The reason I’m talking about Veem is because this is just an easier way to get your ducks in a row.
This transaction history that Veem keeps track of is going to look great for you when you try to get your hands on that $50,000 business loan.
Obviously, the lack of a hard credit check is a great selling point and the terms are pretty competitive. Also, theres that $50,000 for three months.
Let me know what you guys think and if there’s anything I can help you with…
Also, let’s talk about this crazy credit union that will give you a loan, even if you have bad credit! This applies to personal loans and auto loans and it’s available for anyone thorughout the country… there is no geographical restrictions on this…
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