Bad Credit Business Loans can

be used for 
Cash Flow.

Many hardworking business owners have bad credit for reasons beyond their control.  At Upwise, we recognize this and believe it’s not always an indicator of irresponsibility. 

For this reason, Upwise Capital offers bad credit business loan solutions to grow your small business.  We help those with less than perfect credit history and understand the challenges of running a business. 

Unlike traditional products, business loans for those with bad credit are structured so you can make all your payments on time, without putting too much stress on your cash flow. 


Step 1 of 3

Data Privacy Protected & Secure

What is a Bad Credit Business Loan?

A Bad Credit Business Loan is a type of loan typically accessed by borrowers with lower than a 600 FICO credit score.  With this product, you are advanced cash for a percentage of your monthly revenue.  Bad credit business loans can be a quick and easy way to get capital with no need for collateral.  They are designed to provide enough cash flow to expand, keep your business running, pay off existing debts or cover any expenses.  The amount and repayment structure are specifically chosen to make the loan easy to pay back.  

Maximum loan amount

$5K - $5 Million

loan term

3 - 18 Months

Factor rate



As Fast As Same Day



Is your credit below a 600 FICO score - then a Bad Credit Business Loan from Upwise Capital may be the choice for you.

Most Customers Who were approved for an Bad Credit Business Loan had:

**Based on Previous Upwise Clients

Annual revenue

Over $100K

Credit Score

Over 500+

Time In business

Greater than 6 Months


Positive Payment History

Who Qualifies for a Bad Credit Business Loan?

Anyone with bad credit can apply for a Bad Credit business loan.  As long as your business has a steady cash flow, bad credit should not prevent you from getting approved.  If your small business has strong sales, this can help to decrease the effect that bad credit has on the loans terms and cost.  

A common use for bad credit business loans are to pay off existing debts.  There are many lenders who do not allow you to use the funds to pay off existing debts, so this is a huge advantage.    

What do Bad Credit Business Loans Cost?

Bad Credit business loans are paid off quickly, most often with daily or weekly payments.

Where you source the capital, will determine your cost.  Make the Wise decision with Upwise.  

These loans also often come with factor rates instead of interest rates: a factor rate is a number that, when multiplied by your total loan amount, gives you how much you’ll be paying back.

A factor rate is a set cost of capital of the given term approved by the short term loan lender such as Upwise.

See the below example of a sample Upwise short term advance.  

Bad Credit Short-Term Business Loans & Factor Rates

Some lenders will structure the contract as a purchase and sale of your future receivables..  

Say you’ve taken out a $100K short-term business loan and the Upwise offer has a 1. 18 factor rate.

1.18 multiplied by $100K will determine the total amount you’ll need to pay back to maturity =  $118K.

For this specific customer, underwriting approved this file for a 12 month term, which is a common approved term amongst small business owners searching for short term business loans.

Given that there are 21 payment days or business days in a month, since payments are taken Monday through Friday, never on weekends or holidays.  That equals 252 payments per year on a daily payment program. 

To calculate your payment, divide the number of payments (252) by the total payback to maturity $118k.

The amount of each of those business day payments would be $486.25.  

Payments are broken down into micro daily or weekly payments.  You’re paying a higher rate than a longer term loan for the quick and easy approval and funding process.

If you wish to begin preparing your Bad Credit Business Loan application, you can click the link below to start the application or reach out to one of our funding advisors at (646) 837-5522 or email to get started. 

be Prepared

Documents Required for A BAD CREDIT BUSINESS LOAN

The best strategy to follow before you apply for these loans is to be prepared. The more readily available your documentation is, the faster you’ll move through the process.

The following is a checklist of the most commonly collected documents.

Bank Statements

We require at least 6 months of your business bank statements. If showing more gives us a better picture on how your business performs, feel free to send us a full year of statements. You may have more than one business bank account, so please make sure to include these statements for each account.

Driver's License & Voided Check

To ensure all of your information is correct on the contracts, we require a clear copy of you DL & VC to verify this information.

Other Documents

These can include entity and location documents such as business licenses, Articles of Incorporation, commercial leases, personal and business tax returns or franchise agreements.

We empower people to implement ideas & grow

Upwise has the newest ways and options to help you rise and become more successful. 

Let us guide you to make wise decisions.

Our Awesome Clients