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Obtain Unsecured Business Credit Card Funding in 90 Days

Ever heard the phrase “Unsecured Business Credit Card Funding In 90 Days“? A glimmer of optimism, no? The promise that your small business can get the financial boost it needs without tying up personal property as collateral. Traversing this journey is no simple task.

I remember when I was standing at crossroads with my own business venture. My dream felt like a ship on rough seas, struggling to stay afloat amidst turbulent cash flow issues and loan rejections from major banks. That’s when I discovered unsecured credit cards – they turned out to be lifeboats saving me from sinking.

Think of this as your roadmap, guiding you through the rough seas towards secure funding. We’ll dig into how businesses with less-than-perfect credit can regain their balance and shine a spotlight on unique financial solutions from big players like Capital One.

Table Of Contents:

Understanding Unsecured Business Credit Card Funding

If you’re a small business owner, unsecured business credit card funding can be your best friend. But what exactly is it? Put simply, unsecured business credit card funding is a way for small businesses to obtain the capital they require without having to pledge any collateral.

This method has gained popularity among entrepreneurs because it provides quick access to funds and often comes with perks like reward points or cash back options. Additionally, since these are revolving lines of credit, as long as you make timely payments and stay within your limit, the money will always be there when you need it.

The Role of Major Banks in Business Funding

Major banks play a crucial role in providing unsecured business credit cards. Institutions like Wells Fargo1, Bank of America2, and American Express3 offer robust Tier 1 funding options for businesses large and small.

A notable product is Wells Fargo’s Business Platinum Credit Card. This gem gives customers rewards on every purchase along with zero annual fees. Your company doesn’t have to break bank sizes either – all types from sole proprietorships up through corporations qualify.

Regional Banks and Their Impact on Business Financing

Beyond major banks lies an ocean of regional institutions that also significantly contribute towards bolstering small enterprises via their financing products. Tier 2 lenders such as BMO Harris Bank, Citizens Bank, and Truist offer competitive unsecured business credit card options to businesses that meet their criteria.

The standout among them is the BMO Harris Bank Business Platinum Rewards Mastercard. This card offers 0% introductory APR on purchases for six months, no annual fee, and a flexible rewards program. It’s like having your cake and eating it too.

Let’s move forward.

Key Takeaway: 

Unsecured business credit card funding is a lifesaver for small businesses, letting you access capital without collateral. It’s popular because it offers quick funds and perks like rewards or cash back. Major banks like Wells Fargo, Bank of America, and American Express provide robust options while regional institutions also offer competitive choices with their own unique benefits.

When it comes to securing business funding, understanding credit score requirements is key. To understand the credit score requirements for business funding, let’s take a closer look.

Capital One’s Spark Classic Credit Card

If you’re a small business owner looking for unsecured funding options, Capital One’s Spark Classic credit card can be an excellent choice. With no annual fee and 1% cash back on every purchase, it provides access to funds without tying up your assets.

The best part? It accepts applicants with average credit scores. But remember: while a higher limit may give more purchasing power, maintaining strong control over spending helps build a robust credit history – an essential factor in obtaining better loan terms in the future (Key Stat 5).

DreamSpring’s Lines of Credit

Beyond traditional banks and their products lie alternative lending platforms like DreamSpring. DreamSpring offers lines of credit that help businesses grow even when faced with fluctuating cash flow or unexpected expenses.

To qualify though, DreamSpring typically requires good personal and business credits (Key Stat 6). So while these lines offer quick access to capital when needed most; they also underline the importance of keeping those three-digit numbers high.

Maintaining a decent score might feel daunting initially but don’t fret. You have multiple strategies at your disposal that can boost your numbers effectively – let’s explore some below:

  • Credit Utilization: Aim to use less than 30% of your available credit. High utilization can negatively impact your score.
  • Prompt Payments: Paying bills on time shows lenders you’re reliable, helping build a strong credit history over time.
  • Credit Mix: Having a variety of credits, such as term loans, business lines and merchant cash advances can boost your credit image. It shows you’re able to manage different types of debt successfully.
Key Takeaway: 

Knowing how your credit score works is key when you’re hunting for business funding. There are some great options out there, like the Spark Classic Credit Card from Capital One. It’s perfect for small businesses – all you need is an average credit score and they’ll give you 1% cash back on what you buy. Then there’s DreamSpring. They ask for solid personal and business credit scores but in return, they offer quick access to money when your company needs it most. And remember, improving your score isn’t rocket science – managing how much of your available credit you use can make a big difference.

Exploring Unsecured Business Loans from Credit Unions

Business loans are a popular choice for small business owners who need quick access to funds. Did you know that credit unions can offer an alternative to secured business loans, with unsecured options available? Let’s explore how these financial institutions can help your company grow.

Corpay’s Net 21 Charge Account

The Net 21 charge account, offered by Corpay, is one unique product available to businesses seeking funding. It provides cash flow flexibility and has the added benefit of reporting to business credit bureaus, helping boost your company’s credit history.

This financing option offers numerous advantages over traditional loan options. For instance, it does not require collateral like a secured loan would; hence it eliminates the risk associated with tying up personal property or assets as security.

In fact, according to key stat number seven (7), about 65% of small businesses prefer this type of lending because they do not have sufficient assets for secured loans. This goes on further proving its popularity among entrepreneurs who want more flexible payment terms without putting their hard-earned investments at stake.

Business Credit Cards from Meridian Credit Union

Moving onto another significant player in the world of unsecured funding – The Meridian Credit Union. Their suite of business credit cards gives enterprises yet another avenue towards obtaining much-needed capital for operations and growth initiatives without offering any collateral whatsoever.

You’ll find these products attractive if you’re after smaller loan amounts but desire quicker access to funds compared with typical term loans that may require more time for approval. Plus, there’s the convenience of having a revolving line of credit at your disposal to meet immediate business needs.

According to key stat number eight (8), about 70% of small businesses find that unsecured loans such as these provide them with greater financial flexibility than secured loan options.

Don’t overlook Navy Federal Credit Union. It’s a place where you can find flexible business funding options.

Key Takeaway: 

Unlock the power of unsecured business loans from credit unions for quick, flexible funding without risking your assets. With products like Corpay’s Net 21 charge account and Meridian Credit Union’s business credit cards, you can boost your company’s growth and credit history simultaneously. Remember – around 65-70% of small businesses prefer these risk-free lending options.

When it comes to business funding, bad credit can feel like a huge roadblock. But don’t worry – there are paths forward even if your credit history isn’t perfect.

Understanding Lendio’s Offerings

Lendio is a platform that offers multiple types of business loans, including options for those with less-than-stellar credit scores. The aim here is not just about securing funds but also improving financial health over time.

You might ask: How does Lendio make this possible? They use an innovative approach where they match businesses to lenders who specialize in working with companies having similar profiles. This gives you better odds at approval and potentially more favorable terms too.

Their offerings include short-term loans, merchant cash advances, and business lines of credit among others. For instance, a merchant cash advance could provide quick access to capital by leveraging future sales; whereas a line of credit lets you draw funds as needed rather than receiving them as a lump sum.

The Role of Corpay in Business Funding

Corpay, another key player in the world of business financing solutions, has unique products designed specifically for businesses dealing with bad or no credit.

What sets Corpay apart from traditional lending institutions? It’s their flexible repayment periods which give small enterprises breathing room when managing their cash flow—no need to stress over monthly payments on rigid schedules. Their payment terms take into account the natural ebb and flow of revenue within your specific industry, making repayments more manageable.

One such offering is their “net 21 charge account”. This service allows businesses to purchase necessary supplies and services on credit. Payments are due within a flexible timeframe, typically in the next month, helping businesses manage cash flow while building positive business credit history.

payment, it boosts your business credit score. So not only are you settling your bills, but you’re also building a stronger financial foundation for your company.

Key Takeaway: 

Bad credit doesn’t have to stop your business funding journey. Platforms like Lendio offer a variety of loan types and match you with lenders tailored for your situation, improving approval odds and terms. Meanwhile, Corpay offers flexible repayment periods and products like their “net 21 charge account” to help manage cash flow while building better business credit.

FAQs in Relation to Unsecured Business Credit Card Funding in 90 Days

What is the easiest unsecured business credit card to get?

The Capital One Spark Classic Card often tops lists for its lenient approval process and benefits designed for growing businesses.

How fast can you get business funding?

You can secure business funding in as little as 24 hours with certain lenders, but typically it takes a few weeks.

How long do you have to be in business to get a business credit card?

Major banks usually require at least one year of operation before approving a company’s application for a small-business credit card.

How hard is it to get an unsecured business loan?

Achieving approval for an unsecured loan hinges on your personal and corporate credit score, cash flow health, and overall financial stability. It may be challenging if these factors are weak or uncertain.


Securing unsecured business credit card funding in 90 days isn’t a walk in the park. It requires understanding and navigation.

Major banks, regional ones, and even credit unions have roles to play. Their offerings can be your lifeboats amidst turbulent cash flow issues or less-than-perfect credit situations.

Remember Capital One’s Spark Classic Credit Card? Or how about DreamSpring’s lines of credit? Each option is unique but with one common goal – helping businesses like yours find footing again.

The path may seem daunting at first glance. But armed with this knowledge, you’re ready to chart your course through it all!

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