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Bad and Poor Credit, Gasoline and Gas Station Business Financing and Loans, No Credit Checks, Working Capital Financing Up To $50,000

By: J.M Luna

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Bad and poor credit gasoline and gas station financing programs for small business loans are accessible with easy qualify and working capital financing up to $50,000. This gives established gasoline and gas station small businesses a notable likelihood to obtain a business loan and/or financing for their business without a personal credit check. This bad and/or poor credit gas station business loan program with a no credit check isn’t a merchant cash advance or merchant loan. Additionally, it isn’t related to the payday loan program.

This bad and/or poor credit no credit check gasoline and gas station business loan and financing program is constructed in the following manner. The poor and/or bad credit small business applicant should follow the below guidelines:

1) Maintain at least a $4,000 ending bank balance gas station business account
2) Deposit at least 10-15 times per month in their business account
3) Be in business at one year and establish the ability to repay back the gasoline station loan
4) Have no outstanding large tax liens, delinquent child support issues, not currently in bankruptcy or foreclosure

Documentation Requirements

1) Signed and dated application
2) Provide a copy of the detailed business gas station bank statements for the last four months
3) Copy of the Owners Drivers Licenses
4) A photocopy of the Articles of Incorporation if Applicable
5) Photocopy of a business license, tax id number or any other relevant license

The financial institution will lend up to 2.5 x the average ending balance on the gas station business bank account for the last four months up to $50,000. These are gasoline station business loans and the length of the loan is four months which can be renewed. The loan can replace a merchant cash advance if it doesn’t go over 40% of the eligible borrowing base. At funding, the lender will pay off the merchant cash advance or loan and pay you the difference.

Example, your monthly average ending balance in your gas station business bank account is $20,000 for four months. Your borrowing base would be $20,000 x 2.5 or $50,000. If your current cash merchant advance is $18,000, the bank at funding would payoff the merchant first and remit to you the difference for $32,000. Obviously if you didn’t have an outstanding merchant cash advance, this area wouldn’t apply.

The types of businesses that would be enormous for this type of bad and/or poor credit business loan would be the following:

Gas stations, restaurants, bars, discos, tanning salons, pizza shops, dry cleaners, doctors, dentists, physicians, lawyers, accountants, Cpas, limousine owners, automobile service centers and body repair shops, dog groomers, florists, beauty and nail shops, distributors, all different types of service providers.

In close, this is a huge possibility to take a short term bad and/poor credit small business lending in this hard economy. This isn’t a merchant cash advance or loan program which can be quite tedious in its paperwork and processor work requirements . This fantastic business loan program isn’t credit driven, as a result your Fico Score isn’t an issue.. These small gasoline station business loans can be renewed every four months if required by the applicant and gives the business a working capital injection.

Happy hunting for your short term bad and/or poor small business gasoline and gas station loan and its associated working capital financing.

Article Source: http://depositarticles.com/

J.M Luna has over thirty years experience in the financial field. This includes financing, leasing, business loans, and hard asset money lending. U.S Corporate Capital Leasing assists the start up and seasoned businessed for all its gasoline and gas station financing needs. www.cclgequipmentleasing.com www.cclgequipmentleasing.com/cashadvances.htm

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