If you need money within 24 hours or less, you may not have time to go to the bank and ask for a personal loan. For some, it may not be possible to get approved for a personal loan or other forms of traditional credit because their credit score is not high enough to qualify. Fortunately, emergency bad credit loans can make it easier to pay bills or cover other urgent expenses with ease.

There Is Rarely a Credit Check Involved

When you apply for emergency bad credit loans, you don’t have to worry about your credit score reducing the odds of your application being approved. The lack of a credit check may also be ideal for those who have a shallow or nonexistent credit history. In most cases, you will only need to show that you are employed or otherwise have some sort of income to repay the loan with.

Get the Money Within 24 Hours

Typically, you will get a loan decision within minutes and your money within hours. The only exception may be if you apply over the weekend or on a holiday. In those scenarios, you may not get your money until the next business day. However, there may be occasions when the money will be deposited into your checking account even if you apply outside of normal business hours.

Use the Money for Anything That You Need

The money that you borrow can be used for any purpose that you see fit. Therefore, it can be used to help cover personal bills or cover business expenses. It may even be used to cover personal expenses that are related to your business. For instance, if you are a sole proprietor, your personal income tax return and your business tax return are filed using the same form. The money could also be used to cover a car loan or lease payment on a vehicle used for both personal and business reasons.

The Money Is Generally Repaid in a Short Period of Time

Usually, an emergency loan is repaid in as little as 15-30 days after it is received. This is ideal because it means that you don’t have to worry about making debt payments for more than a few weeks. However, it may be possible to negotiate a longer repayment plan if that best fits your needs.

The Amount of Loan Is Relatively Small

Emergency business loans with bad credit are generally for no more than $1,000 to $1,500. This reduces the odds that you will overextend yourself and borrow more than what you can repay. In some cases, you may be able to borrow more than if you have the necessary income and assets to repay the loan. It is important to note that state and local laws may limit how much you can borrow each time you take out a loan. Limits may also exist as to how much you can take out collectively at any given time.

You Don’t Need Collateral for Bad Credit Emergency Loans

One of the best reasons to look at emergency bad credit loans is that you don’t need collateral to have your request for cash approved. This means that you won’t risk losing your house or car if you can’t make payments on time. If you are borrowing the money to cover business expenses, you won’t put yourself or your family at risk of being homeless because your company failed.


Having access to capital is critical whether you need financial flexibility for yourself or for your company. If you are looking for a quality lender to meet the financial needs of your business, look to Certified Business Loans. We offer great rates, great customer service and will work with you to find loan products that best meet the needs of your business.