Businesses with Bad Credit Can Still Succeed

Dec 14, 2016

The economy is finally bouncing back, unfortunately many business owners are having a hard time taking advantage because the recession left them with bad credit. Bad credit can be crippling to businesses that have the expertise and creativity to thrive, but are hampered by banks and other lenders that penalize them because of credit scores. If your business is stigmatized by bad credit, or your business has filed for bankruptcy, choose to meet all your merchant service needs. EMB can help you despite FICO scores, previous processing history, or prior tax liens.

If your business has bad credit most banks and traditional credit processors will most likely avoid partnering with your business, or subject you with high interest rates. (EMB) is a proven online lender and payment processor that specializes working with merchants with bad credit in a fast and efficient manner. EMB can approve your merchant account in as little as 24 hours. A merchant friendly account will get your business revenue stream up and flowing.

The EMB Difference for Merchants

EMB doesn’t believe that a bad credit score defines your business’ value. Your business still deserves dependable services. That’s why EMB offers some of the fastest approvals on the market. The EMB application needs a simple electronic signature that will only take 24 hours to approve. With abundant services and customized plans, EMB has helped thousands of merchants reach their goals and prosper.

For businesses that are already established, but in need of quick cash for equipment, unexpected expenses, or inventory, eMerchantBroker offers a competitive business cash advance program that has helped bad credit merchants get the necessary items to re-establish good credit and get on the road to recovery.

If your business is on the verge of collapse, or is constantly being rejected because of bad credit, get quick and simple services from credible payment processors. EMB applicants don’t worry about application fees or unnecessary VISA and MasterCard requirements. Bad credit merchant accounts get competitive rates and 24/7 support. Apply today and get approved for a merchant account within 24 hours.

Let us help you get a high risk merchant account today!

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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