Eight years in corporate HR. A lifelong dream of opening a dog daycare. A commercial space that was perfect. A deposit and first month due before she had enrolled a single dog. A 534 credit score. Three offers in 20 minutes.
Apply Free — Dog Daycare Loan →Keisha had spent eight years in corporate HR — good salary, good benefits, and the specific quiet dissatisfaction of someone who is competent at a job that is not the job they would choose if they were choosing. The job she would choose, the one she had researched for two years while continuing to show up to the HR job, was a dog daycare in the commercial corridor two miles from a dense residential neighborhood with a dog-per-household rate her market research had found compelling.
The commercial space — 2,200 square feet, fenced outdoor area, utility room for bathing — had an opening. The landlord required a $1,900 security deposit and $1,900 first month's rent — $3,800 total — before the lease would be signed. She had given notice at the HR job two weeks earlier. She had zero enrolled dogs. She had a waitlist of 14 dog owners from her neighborhood who had said yes when she posted about the opening, but none of them had paid anything yet because the space wasn't hers yet.
Her savings had $640. Her credit score was 534. She searched "dog daycare loan bad credit." Money247.com appeared. Applied at 3:00 PM Tuesday, connecting eight years of HR manager income — the job she was leaving, but still paying her through the notice period. At 3:20 PM — 20 minutes later — three offers. Best: $3,800 at 27% APR over 36 months. Monthly payment: $148. Lease signed Wednesday. She opened three weeks later with 14 dogs enrolled day one.
"Eight years of HR. The business she actually wanted. The deposit required before the first client. Eight years of HR deposits answered in 20 minutes — lease signed Wednesday, 14 dogs day one."
— Why current income tells a more complete story than a credit score aloneCommercial lease deposits and first month's rent are due before the space is secured — and the space must be secured before clients can be enrolled. The gap between a waitlist of interested clients and actual revenue is bridged by a personal loan that funds the lease. A personal loan from Money247.com based on prior income history enables the transition from employee to business owner without requiring revenue that can't exist until the space is funded.
Keisha's dog daycare has 31 enrolled regular clients at three months — more than double her opening day enrollment. She has hired a part-time assistant. Monthly revenue has already exceeded her HR salary. She has made 3 monthly payments of $148. Her credit score moved from 534 to 557. Eight years of showing up to a job she was competent at. Twenty minutes to fund the job she wanted.
Bad credit from 500. Soft check only. Same-day deposit. 300+ lenders competing.
Apply Free — Dog Daycare Loan →Bad credit from 500. Soft check only. Same-day deposit. 300+ lenders. Free in 2 minutes.
Apply Free — Dog Daycare Loan →