Merchant cash advances up to $250,000 for all credit types.

  • Best for businesses with bad credit or low revenue that rely on credit card sales.
  • Pick something else if you can qualify for a traditional term loan — it’s likely less expensive.

    $5,000

    Min. Amount

    $250,000

    Max. Amount

    Details

    Product Name Bambu Finance business loans
    Min. Amount $5,000
    Max. Amount $250,000
    Loan Term Not stated
    Min. Credit Score 500
    Requirements Personal credit score of 500+, 6+ months in business, $15,000+ monthly gross revenue, located in US

    Application Criteria

    • Personal credit score of 500 or higher
    • At least six months in business
    • Gross monthly revenue of $15,000 or higher
    • Business located in the US

    First, do I qualify?

    You must meet the following requirements at a minimum to qualify for a Bambu Finance loan:

    • Personal credit score of 500 or higher
    • At least six months in business
    • Gross monthly revenue of $15,000 or higher
    • Business located in the US

    What makes Bambu Finance business loans unique?

    Bambu Finance offers a competitive deal when it comes to merchant cash advances (MCAs). Its factor rates start on the lower end of the spectrum at 1.14 — most companies don’t go below 1.1. However, the rate you receive likely depends on factors like your time in business, credit, revenue and credit card sales.

    Compared to other types of financing, Bambu is also easy to qualify for. It claims to accept around 80% of applicants — that’s a lot higher than what you’d find at a bank or a credit union.

    Pros

    • Low starting rate compared to other MCAs
    • Get funds in as little as 24 hours
    • Low credit and revenue accepted
    • High acceptance rate

    Cons

    • High cost compared to other types of loans
    • Daily repayments
    • Not transparent about all costs and repayment terms

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *