If you have a bad credit history, the bank is unlikely to approve your loan application. Likewise, lenders may not be amused by your application, especially if your credit rating does not meet their expectations.
In such a scenario, it may not be easy for you to increase your cash flow as you are unlikely to get financial backing. However, if you are thinking about factoring, you may not have to worry. Because it is unlikely that the factoring company will notice your creditworthiness and may ignore it. You can also avail the benefits of a receivables management company from online sources.
In fact, some bills can get you the amount of money you need. Interestingly, the factoring company will not only ignore your credit history, but they will likely ensure that your application is approved within a day or two. If you're lucky, your approval may not be available for another 24 hours.
Not only will you receive your approval sooner than expected, but your payment will most likely be paid to you as soon as possible. So if your business is in dire need of cash, debt financing can be one of the most viable options.
Also, as a start-up business, you are unlikely to have access to financing solutions other than factoring. In fact, your application may not be approved by all banks and lenders when you are just starting your business.