Financing on Bad Credit

Getting financing with bad credit may feel impossible—but it’s not. Many Canadian businesses face credit challenges, especially after tough financial times or rapid growth. If your business has bad credit, you can still get approved for funding with the right lender and support system.

At MehmiGroup.com, we help businesses across Canada—from Toronto to Vancouver—access flexible financing solutions, even when traditional banks say no. In this guide, you’ll find clear answers to the most common questions about financing with bad credit and how to move forward with confidence.

What Is Bad Credit?

Bad credit means your credit history shows missed payments, high debt, or other issues that make lenders view you as a higher risk. Business owners with bad credit may have trouble qualifying for loans with banks—but alternative lenders, like MehmiGroup, offer more flexible approvals.

Why Does Bad Credit Happen?

Bad credit can result from:

• Late or missed loan payments
• Defaults or collections
• Using too much of your available credit
• Bankruptcy or business closures

Even one tough year can lower your credit score, but it doesn’t define your future.

How Does Bad Credit Affect Business Financing?

Having bad credit can:

• Limit your access to low-interest loans
• Make banks deny your applications
• Force you to provide more paperwork or collateral

But here’s the good news: You still have options. Learn more about how refinancing can help reset your finances.

What Financing Options Are Available for Bad Credit?

MehmiGroup offers flexible funding designed for businesses in challenging credit situations. These include:

• Equipment Leasing & Sale-Leasebacks: Get new or used equipment without paying upfront. Learn more about leasing options here.
• Working Capital Loans: Short-term funding to cover everyday business expenses.
• Refinancing: Lower your payments or consolidate debt into a single, manageable loan. Explore refinancing solutions.
• Factoring: Get immediate cash by selling your unpaid invoices. Discover how factoring works.

How Can I Get Approved With Bad Credit?

Lenders that specialize in bad credit financing look beyond your score. They review:

• Your business cash flow
• Revenue consistency
• Asset value
• Your business plan

At Mehmi Financial Group, we help you build a strong application—no matter your score. Contact us to get started.

Benefits of Bad Credit Financing

• Fast approvals (in as little as 48 hours)
• Access to up to $5M in funding
• Lower upfront requirements
• Get the equipment or working capital you need

We help small and medium-sized businesses in transportation, construction, warehousing, food service, healthcare, and more. See the full list of industries we serve.

Frequently Asked Questions

1. Can I still qualify if I’ve declared bankruptcy?

Yes. If your business is generating revenue and shows recovery, we can help.

2. Will applying hurt my credit?

No. Mehmi Financial Group offers soft-pull assessments so your credit score won’t be impacted when exploring your options.

3. How fast can I get the funds?

Many of our clients receive funding within 24–48 hours after approval.

4. Do I need collateral?

Not always. Some loan types require collateral; others don’t. We offer both secured and unsecured options.

5. Can I use the funds to grow my business?

Yes. You can use the financing for equipment, payroll, renovations, or expansion.

Final Thoughts

Bad credit doesn't mean your business journey is over. It just means you need the right partner to move forward. Mehmi Financial Group helps Canadian business owners access fast, flexible financing tailored to their needs.

If you're unsure where to begin, reach out to MehmiGroup - we're here to help.

Need help fast? Call us at (437) 777-5901 or email support@mehmigroup.com for a personalized consultation.

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