Credit News

Unsecured Loan Bad Credit- Small Unsecured Loan

#bad credit unsecured loans

Unsecured Loan Bad Credit

Caught in a financial emergency? And you do not own any valuable property to pledge as security? Or is it your bad credit score that is denying you instant monetary aid? If yes, do not worry anymore. You just have to apply for unsecured loan bad credit through Small Unsecured Loan and you are sure to get instant aid to fix your monetary emergency, whatever it may be.

When you seek our help, you are not required to participate in any credit appraisal process that is usually carried out to check the credit condition of the potential borrower. You do not have to fax any documents nor do you have to pledge any collateral. Devoid of any extensive legwork or paperwork, the whole borrowing process is so hassle free and smooth that you will get the required amount in your hands within the next few hours of submitting your request for loan. Getting your loan application approved has never been so fast ever before that you can hardly believe it. You are free to utilize the amount that you get through unsecured loan bad credit for any purpose.

To qualify for this unique loan service you just have to be a US citizen who holds a valid bank account. Moreover, you must be a salaried individual with a steady source of monthly income. Your age must be eighteen or above. Provided you satisfy these simple conditions, you simply can keep your calm, however severe your financial crisis may be. Prompt monetary aid is sure to come searching for you, no matter what. All that you need to do is just fill up the simple online loan application form and get it submitted.

Equipment Express® Loan – Wells Fargo Small Business

#express loans

Equipment Express ® Loan

Flexible loan terms and competitive interest rates for business vehicle and equipment purchases

With an Equipment Express loan access $10,000 to $100,000 to finance equipment such as:

Loan snapshot


  • No application, annual, or pre-payment fees
  • Documentation fee: $150 for the first loan; no fees for additional loans on the original credit amount


Choose your term and lock your rate for the duration of the term. You’ll always make the same low monthly payment and your loan will be completely paid off at the end of the term. The terms for eligible equipment and vehicles are:

  • Up to 6 years on new vehicles
  • Up to 5 years on new equipment and used vehicles
  • Up to 4 years for used equipment
  • Up to 3 years on new information and communication equipment

Amounts financed

It’s fast and easy to apply for an equipment or vehicle loan. Simply collect the business information listed below and apply now .

Business information 

  • Business name
  • Business address (no P.O. Box)
  • Business phone number
  • Business fax number
  • Tax Identification Number or Social Security Number
  • Date your business was established
  • Ownership type
  • Number of owners
  • Annual revenue
  • Business banking account number(s) and balance(s)

How to find an small auto loan? myFICO® Forums

#best auto loans

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I am looking for an small auto loan for 1 – Improving my credit score and having different types of accounts in my history. 2 – to cover my small shortage of money. The problem is I dont like to get a big loan and purchase an almost expensive car. I am student and prefer to keep my life simple and manageable.

My credit scores are between 665 – 690. no late payment or no negative problem is in my account. I have stable job in university and earn 2000$ each month.

I am trying to purchase a used car. some thing about 4k – 5k. I can put up to 2500 $ in cash as down payment. so looking to an small 2500 $ or even 2k loan. I can afford 200 $ monthly payments too. But the problem is most of banks and lenders do not offer such small loans. How can I find such a loan for myself. As I know some auto dealers themselves are offering such small loans to the buyers. and then they report it to the credit unions. But as I know dealers are charging a lot of doc fees for such loans. and also they increase the auto price too. so I prefer to find a small loan myself. Can I find lenders offering such an small loans. or auto dealers are my only chance ?

How to Find Small Home Loans of Under $50K: Try These Websites

#small personal loans

Why It s So Hard to Get Small Mortgage Loans of Less Than $50k

Finding a lender to provide a mortgage  loan for less than $50,000: It s a challenge faced by a surprising number of people, and one that s often tough to solve.

Sandy Smith of Yes, I Am Cheap  brought this issue to our attention when she presented us with a challenge via Twitter:

Underserved, indeed. After some research on a few lenders and a call to a Coldwell Banker s mortgage representative (who promised an agent would follow up with me within 24 hours, but never did), I was left without any clear answers, but more determined than ever to find them.

Who Needs Such Small Home Loans Anyway?

This was my first thought. Spending most of my life within the expansive, densely populated and inflated housing market that is Los Angeles County namely, the South Bay s Beach Cities I often forget that half-million dollar homes are not the norm throughout most of the country. According to, the median sales price for a single-family home in Los Angeles today is $551,000.

A few hours away in the more isolated community of Barstow, however, the median sales price is just $77,500.

Homeowners living in small towns or depressed local economies, where property values are quite low, don t need to borrow hundreds of thousands of dollars to buy property they only need as much as someone looking to buy a higher-end new car.

Then there are those homeowners who might have secured their loans 15 or 25 years ago, have paid down most of the principal balance on their mortgages, yet want to take advantage of today s amazing mortgage rates by refinancing .

Unfortunately, whether you want to borrow or refinance a mortgage of just $50,000 or less, few lenders are willing to approve it.

Why Lenders Don t Like Providing Small Mortgage Loans

So why is it so difficult to find a lender offering small mortgage loans under $50,000 in the first place? Generally, it s just not worth it to the bank (or  the borrower, in most cases).

That s because whether your mortgage is for $50k or $500k, loan origination and servicing costs are about the same. A loan of several hundred thousand dollars over a couple of decades provides the lender a nice profit from interest, while a much smaller loan requiring the same amount of money and effort to fund it yields significantly less. Often, it s not cost-effective for a bank to provide such a small home loan.

If lenders lose money providing extremely small home loans, they are certainly not going to go out of their way to advertise their availability, much less the higher rates associated with these loans. That does not mean, however, that there are no lenders out there who will provide one.

How to Get a Small Home Loan and Alternatives for When You Can t

Just because these small home loans are uncommon doesn t necessarily mean they don t exist. If you need financing for a home that doesn t cost very much, you might be able to get it if you re willing to put in the work.

Reach Out to Local Banks and Credit Unions

Don t expect to walk into a Bank of America or Chase mortgage office and be approved for a $50k mortgage. To find small home loans, you have to go to small institutions.

Your first stop should be your local bank; an existing relationship with a community bank or membership with a credit union is a great in when negotiating a small home loan. Financial institutions are much more willing to work with customers who have proven their loyalty and responsibility with money.

If you don t bank with a community institution, however, or you do, but are rejected for a loan, you should continue to meet with representatives from local banks and credit unions near you and have them review your financial situation (just don t let them all run your credit!) to find out if a small mortgage loan is a possibility. Keep in mind, it could take some time before finding a lender who is willing to work with you.

What to Do When No One Will Give You a Small Mortgage Loan

If you ve tried contacting local lenders without any luck, it s time to find alternative ways of funding your home purchase.

Personal Loans

Rather than obtaining a mortgage loan, you can instead finance your home purchase using a personal loan. There are many types of personal loans, ranging from secured loans from major banks to dangerous, extremely high-interest payday loans. Obviously, if you decide on a personal loan, it s important that the terms are manageable and the interest rate is affordable.

Peer-to-Peer Lending

Another option is to borrow the money from an individual willing to lend it out of pocket in return for interest from you. There are a couple of peer-to-peer lending sites that facilitate these transactions and tend to have positive user reviews: and are two to look into.

P2P lending sites like these are helpful because users (both investors and borrowers) are prescreened. Plus, the interest rates charged tend to be more competitive than personal loan rates at traditional financial institutions. Both of these sites serve as the middlemen, matching investors with borrowers who meet qualifications, including a credit check. Like any other loan, the rate charged for a personal loan will depend on things like your credit score, amount borrowed and loan term. It s important to note that the maximum loan amount allowed by is $25,000 and funds loans up to $35,000.

Why You Should Think Twice About Small Home Loans

Note that if you do manage to finance a home with a mortgage loan of less than $50k, the interest rate will most likely be higher to compensate for the money the lender is losing on the deal. Additionally, while closing costs of, say, $5,000 would be considered perfectly reasonable on a standard mortgage, that represents 10 percent of a $50,000 loan not so reasonable anymore.

So in answer to Sandy s challenge, the banks and rates available for mortgages under $50k vary by applicant, and you won t find them advertised. Some lenders outright do not provide these small mortgage loans, while those who will do so on a case-by-case basis.

I would advise anyone seeking a mortgage this small to stop for a moment and really think about whether it s worth it it might turn out that securing a mortgage loan for that little doesn t make sense financially. If you need a loan for less than $50k, consider finding an alternate source of funding, maybe even borrowing from a family member or friend, or simply waiting on your purchase so you can save up the money you d be spending on mortgage payments and pay cash instead.

Keep Reading:

How to Get a Small Personal Loan With Bad Credit

#small personal loan

How to Get a Small Personal Loan With Bad Credit

People sometimes turn to personal loans as a way to make ends meet when cash flow falls short. Those who have bad credit records may face difficulty when approaching a bank for a loan as well as higher interest rates if a loan is secured. However, there are still ways to get a small personal loan regardless of your credit history.

Other People Are Reading

Talk to the manager of your personal bank or a local bank or credit union in your community. Even though most banks prefer their customers have excellent credit to get a loan, there may still be options available. If you need just a small loan and you have a good history with the bank, you may be able to get one regardless of your credit. You may get a loan with a higher finance rate because of your bad credit.

Ask your employer for an advance on your paycheck. Talk to your boss or finance department to see if you can get a small personal loan, and find out if you can pay it back in installments. You may be able to get a loan if you agree to pay it back by having the loan amount taken directly from your paycheck until the loan is paid in full. Your credit should not be an issue in this situation.

Talk to family, friends or co-workers who may be able to give you a small personal loan. If the amount is small enough, you may be able to come up with an agreement to borrow money. Be prepared with a business plan stating why you need the money, how much you need, how and when you will pay back the loan, and any other important factors. If the other person agrees to the loan, each party should have a copy of the agreement. Remember to get receipts for all installments that are paid back, to avoid confusion.

Apply for a payday loan. These loans are designed specifically for those who have bad credit and need to get money fast. The requirements are simple. You need to be 18 or older, have a job and have a checking account. In some cases you can borrow up to $1500 at a time. Remember, though, a payday loan carries high finance fees, so you should use it only as a last resort.

Apply for a car title loan. You can do so if you own the title to your vehicle free and clear. These loans are available online or locally, and you can get a title loan quickly. However, if you default on the loan, you may lose the vehicle to the loan company, so bear this in mind when applying for a car title loan.

Lending Club and PayPal Offer Small Business Lending Programs

#small loans online

Who Needs Banks? PayPal and Lending Club Want to Make Small Business Loans

Photograph by Jake Rowland/Gallery Stock

Lots of companies have tried to use technology to improve small business lending with data, collecting information about merchants from their social media profiles, online accounting software, and reviews to help lenders decide whether to make loans. Alternative companies such as OnDeck and Kabbage have succeeded at increasing loan volumes and speeding approval times. But their loans usually cost more than bank loans or credit cards—sometimes much more.

Lending Club and PayPal are now betting that the high-tech approach can also bring borrowing costs down for Main Street businesses that don’t qualify for bank loans. Lending Club, the peer-to-peer lender likely headed for an initial public offering later this year, launched a small business lending program last night. And PayPal (EBAY ) today said it would expand a program that has provided “tens of millions of dollars” in working capital to businesses that used PayPal in the last six months.

Lending Club is the 800-pound gorilla in the peer-to-peer lending world: The San Francisco company has historically operated as a marketplace where investors can fund consumer loans, and says it’s originating loans at a pace of $750 million every three months. Now it will also facilitate commercial loans for amounts ranging from $15,000 to $100,000.

Small business owners can apply online for loans ranging from one to five years, with interest rates from 5.9 percent to 29.9 percent, the company said. Lending Club Chief Executive Officer Renaud Laplanche says the average interest rate will be 12.5 percent. For now, ordinary investors can’t fund small business loan on Lending Club. The program is limited to institutional investors such as hedge funds, insurance companies, and family offices that manage wealth for the very rich, but eventually the company plans to let anyone invest. Those investors supply the capital for loans and recoup interest payments. Borrowers pay Lending Club an origination fee of from 1 to 5 percent in addition to interest payments.

Lending Club isn’t the first company to try peer-to-peer lending for small business loans. SoMoLend and Funding Community tried and failed; Funding Circle and Dealstruck are currently making a go of it. Nor are peer-to-peer lenders the only nonbank lenders trying to improve on rates offered by merchant cash-advance companies, which can carry effective APRs from 30 percent into the triple digits. Newer lenders like Fundation and existing companies such as OnDeck have also launched loan products that may be competitive with Lending Club’s rates.

Allowing hedge funds and other institutional investors to invest directly in small business loans on Lending Club doesn’t represent a big shift, says Peter Renton, a prominent blogger on the subject of peer-to-peer lending who recently launched  an investment fund. “Every small business has an institutional investor as their creditor already,” he says. (He means banks.) The bigger change will come when Lending Club opens its small business lending platform to ordinary investors, says Renton, allowing people to crowdfund loans to businesses in their local communities. “I really believe that’s how businesses who are one tier down from a bank loan will get loans,” he says. “People want to fund in their local communities.”

PayPal is offering a more specialized product. In September the company launched a pilot program to offer merchants that use its online payments system working capital loans through a Utah bank. Merchants can borrow as much as 8 percent of their total annual sales on PayPal, to be repaid in daily installments until the business has repaid the principal, plus a fixed loan fee. In an example furnished by the company, a merchant with $100,000 in annual sales borrows $8,000; PayPal collects 15 percent of the borrowers’ daily PayPal sales until she has paid back the $8,000, plus interest of $594, about 7 percent of the principal.

Brian Grech, portfolio manager for the PayPal program, says the company has enough data on its merchants to make good underwriting decisions. It also has an incentive most lenders don’t: If a PayPal merchant expands her business, she’ll probably receive more PayPal payments, generating more transaction fees for the company. Grech wouldn’t say how much money PayPal plans to lend. But he considers the program “permanent,” and says he’d like to increase the size of the loans and explore lending to merchants who don’t use PayPal as a way to attract new customers to the payments system.

Payday Loans- Cash Loans- Small Quick Loans

#small payday loans

Payday Loans

When you are caught up with certain unexpected financial urgencies and can’t wait for your next payday to pay them off, then we at Small Quick Loan have a perfect solution for you in the form of payday loans. Payday loans will enable you to fulfill all your short term financial crunches in the most convenient manner by offering your desired cash assistance in no time. Simply apply with Small Quick Loan and find deal of your choice right away!

Payday loans are short term loans that offer you quick cash aid of up to $1500 with a flexible repayment period of 2-4 weeks. Whether you have to pay for credit card dues, car repairs, bank overdrafts, pending household dues, monthly installments, house rentals or have to pay for any other miscellaneous expenses, payday loans is the loan option you can opt for! Noe no need to spare any second thought! Apply withВ  Small Quick Loan and put an end to all your cash related troubles even before you know it!

Arrears, defaults, late pays, low credit scores, missed pays, or insolvency will not be an obstruction in obtaining payday loans anymore as we are not concerned about your credit history. We don’t even conduct any credit check on our applicants. So be at ease and apply withВ  Small Quick Loan now!

Apply with us by simply filling our simple online application form and get our hassle free services today! Act now! Apply with Small Quick Loan without delay!

Personal Cash Loans for Unemployment – Small Personal Cash Loans for Unemployed, unemployed loans, loans interest, unsecured unemployed loans, loan service

#unemployment loans

Personal Cash Loans for Unemployment

Provided By:

Author: Alec Jordan

Small personal cash loans for unemployed are generally unsecured unemployed loans. These loans are specially designed for the persons who are jobless and they don’t have any other source of income to generate surplus funds to overcome the fiscal crisis. Because of being unemployed, numerous persons are deprived from benefiting the loans. In that case, small personal cash loans for unemployed prove a blessing for the unemployed to meet their temporary or personal needs. These loans provide cash amount for financial help without demanding any guarantee for the approved amount.

As you know small personal cash loans for unemployed are unsecured in nature that means you don’t have to place collateral against the loan. These loans as implied by the loan involve small cash starting from £100 and extending up to £1500. The amount is sufficient to bear the expenses incurred owing to the day to day needs. The only stipulation is that you must be adult 18 years of age and citizenship of UK. If you are a student then you can make good use of this loan money to pay for education or take up any other course or your regular costs.

Small personal cash loans for unemployed are very useful to people who are out of home. They can easily get the cash with no hassles and hectic-ness. With the help of these loans they can meet such outlays as pay the home rent, electric bills, cover day to day expenses, amortize the earlier debts and so forth. For these loans lenders charge marginally rate of interest than other loans to cover the risk factor. You can repay the amount till your next salary day or upcoming payday.

Regrettably, you have lost your present job but to seek for a new job you have no ready funds to meet way expenses. Afterward you can get the cash in the least span of time by means of online. Small personal cash loans for unemployed are hassle-free and can be instantly available. The best part is that one can get the loan in petite time that is consumed in application process. The amount is provided directly into the bank account of the borrowers. Over the internet borrowers can get relatively rate of interest by surfing well.

About the Author:

Alec Jordan is a successful writer about finance. Currently he is writing about personalloans4unemployed.Co .uk and many other types of loans. For more information about Personal Loans for Unemployed, Small Personal Cash Loans for Unemployed, What Are Criteria For Unemployed Loan, visit

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#bad credit personal loan

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7 Small Business Loan Myths. Busted

#getting a loan

7 Small Business Loan Myths. Busted

Getting a small business loan isn t as difficult as you think. / Credit: Calculator image via Shutterstock

Getting a small business loan can be complicated, but don t believe everything you hear about the process. Here are seven small business loan myths you should think twice about:

Myth No. 1: Getting a small business loan is the hardest thing you ll ever have to do.

While obtaining a loan for your small business is no easy feat, it doesn t have to be an insurmountable trial. Small business lending experts agree that you can best avoid such trouble by preparing for the challenges that applying for a small business loan may present.

While there are challenges, a lot of the frustration around obtaining small business financing can be eased by doing your due diligence, said Michael Adam, the founder and CEO of Bankmybiz. a social media-style site that connects business owners with business funders, in an email interview with Business News Daily. Be prepared and have all your documents ready to present to lenders.

Myth No. 2: You have to have perfect credit to get a small business loan.

Good news for those who think that bad personal credit means never owning or expanding a business. While low credit scores might have been a non-starter in years past, today s lending environment is actually more open to subpar credit ratings than ever before.

While traditional banks may be restrictive when it comes to obtaining credit, there are alternative options, said Michael Kevitch, the president of Varsity Business Solutions, a business-funding consulting group, in an email interview with Business News Daily.

Alternative lending sites like those operated by Varsity Business Solutions (All Business Loans and Small Business Funding ) tend to base lending decisions on the financial realities of a business rather than the financial history of business owners. Specifically, Kevitch said, alternative lenders take a close look at business performance, industry type, time in business and cash flow before handing out a loan.

Myth No. 3: The best way to obtain a loan for my business is through a bank.

Think your bank is the best (or only) place to apply for a loan? Think again. Traditional lending institutions have been a mainstay of small business funding for many decades, and still are, in some industries. But they are not the only places (or necessarily the best places) to turn to for a loan.

For business owners looking to borrow a relatively small sum (between $5,000 and $250,000), getting a bank loan is likely to be more trouble than it s worth, said Kevitch, president of Varsity Business Solutions. But even he concedes that bank loans may still be a great option for business owners who need to borrow a significant chunk of cash, over a long period, and still get a low interest rate. But he warns business owners to make sure they fall under those categories before applying through a bank.

You will be required to provide a lot of unnecessary documentation and most likely provide some sort of collateral, said Kevitch. Alternative private banks and lenders can provide capital with much less hassle.

Kevitch also notes that getting a loan through an alternative lending source is usually much quicker than obtaining a bank loan. With a simple application, some bank statements, a photo ID and proof of ownership, business owners can have cash in hand in as little as seven days, he said.

EditoR&Rsquo;s Note: Considering a small business loan for your business? If you re looking for information to help you choose the one that s right for you, use the questionnaire below to have our sister site, Buyer Zone, provide you with information from a variety of vendors for free:

Myth No. 4: The worst way to obtain a loan for my business is through a bank.

Bank loans might not be the best option for every small business, but they re far from the worst funding option out there. In fact, for established businesses looking to grow at a moderate rate, traditional bank funding is generally a great option, said Adam, CEO of Bankmybiz. It s when a business doesn t fit those criteria that business owners should consider shopping around.

If you are a younger company, pre-revenue or low revenue, but plan to grow very quickly due to the industry that you re in (i.e. healthcare, IT or software consulting), then a traditional bank loan may actually limit your growth, Adam said.

To decide whether a bank loan is right for your business, research both traditional loans and alternative funding sources. It s also important to know your business inside and out.

If you anticipate steady growth over the next few years, then a traditional bank may be best, Adam said. If you are growing like crazy, and you know you will need to keep increasing your loan size by large increments each quarter, then entertain a non-bank lending partner, as banks may not be able to keep up with your needs.

Myth No. 5: The more money you ask for, the less likely you are to be approved for a small business loan.

You might find this myth floating around Internet forums and perhaps even hear it from well-meaning friends and family members. It s all right to ask for money, the non-expert will tell you, just don t ask for too much. While this might be reasonable advice for a kid negotiating his allowance, it doesn t hold much water in the business world.

A business should apply for what they need not more, not less, said Evan Singer, general manager at SmartBizLoans. an automated online SBA loan program, in an interview with Business News Daily.

Singer recommends considering both how much money you really need to grow your business and how much money you can afford to pay back every month.

Make sure that you have cash flow to make your loan payments, Singer said. That s the biggest thing that a [lender] is going to check, that [the business owner] can actually afford to make their loan payments.

Myth No. 6: The most important thing you need in order to obtain a small business loan is a good business plan.

No discussion of small business funding would be complete without mention of the holy grail of small business documents: the business plan. There are multiple perspectives on whether or not a traditional business plan (executive summary, market analysis the whole 9 yards) still has a place in the loan application process.

Some funding experts seem to believe that the business plan, as a tool for measuring the likely success and fundability of a business, is a bit outdated. Singer said that while traditional banks might still require business plans during the loan application process, your business won t need a business plan to get an SBA loan online. Singer s company recently launched the first-ever fully online platform for SBA-guaranteed loan applications.

And while Bankmybiz CEO Adam agrees that most lenders won t require a full-fledged business plan, he does think that having a plan at the ready is always a good idea.

Every business should have some sort of business plan, Adam said. It s just a good practice to anticipate growth, set milestones and keep yourself accountable. If you don t have one, create one. You ll be glad you did in the long run.

Myth No. 7: If I need a loan fast, I can t get one through the Small Business Association (SBA).

Until very recently, this oft-repeated myth was more fact than fiction. The process of applying for an SBA-guaranteed loan traditionally started with an in-person visit to a local bank and could take up to four months to complete. For small business owners looking for cash in a hurry, an SBA-guaranteed loan was simply not a viable option.

But recent developments in the SBA loan application and underwriting process have made it possible for business owners to get the affordable, guaranteed loan they need much faster. SmartBizLoans has expedited the process of obtaining a loan through the SBA, said the company s general manager, Singer.

By automating the front-end application process for small business owners and the back-end underwriting and originating processes for banks, Smartbizloans makes it possible for small business owners to receive SBA-guaranteed funding in as soon as five days. The company s fully online application takes about 30 minutes to complete, and those who qualify can start receiving funds within five to seven days.

EditoR&Rsquo;s Note: Considering a small business loan for your business? If you re looking for information to help you choose the one that s right for you, use the questionnaire below to have our sister site, Buyer Zone, provide you with information from a variety of vendors for free: