Posts

Showing posts from May, 2018

Bank rejected loan application?

There are thousands of small business owners whose retail business loans applications are rejected by the banks, and most of them lose hope and believe getting a business loan is impossible for them. However, nothing could be further from the truth, they’re simply shopping in the wrong place.  The reason we say shopping in the wrong place is simple as well. Banks are not keen on funding small businesses because they view them as a high risk prospect. Banks are comfortable funding large businesses and corporations without a hitch. These are the decisions of banks which they have every right to do. However, there are private lenders who do provide various forms of business funding that are very well suited for small business owners. Typically, when a private lender such as Funding Easily provides funding for retail business to small businesses owners, our funding criteria are very different from those of banks and are mentioned below. The business does not

Small Business Loans Bad Credit - Get Initial Funds for Your Business

Image
Most small business owners are not aware that banks are not really lending bad credit small business loans anymore. The reason for this is, loans to small businesses are considered to be high risk investments from the banks perspective. Those who have applied to the bank and have been rejected do know how it is. As a private lender we do provide loans to small businesses, and our criteria are very different from the banks. In the event a small business does apply to the bank for a small business loan, the bank has a strict set of criteria that they will not compromise with. They require a credit score that is or near 700, if the credit scores of the business applying are not good then the application will be rejected. In addition to this banks also do require collateral and security without which they will not fund. Our criteria are mentioned here as follows; the business needs to be at least 12 months old, and active at the time of the application. The ow

How to get the business loan you require with bad credit

Image
There are numerous small businesses whose credit scores are not the best, and realistically speaking have poor credit, or damaged credit. However, this does not mean they do not require bad credit small business loans . The facts as they stand is that banks will not lend to small businesses with damaged credit scores. As a private lender Funding Easily is one of the premium lenders who provide small businesses with the funding they require. We answer the question, how to get a small business loan with bad credit here for you. The loans that we provide are based on various parameters that are completely different from the banks. Not only are the differences in credit score requirements but also in other features as well which we will cover here. Our qualification criteria are easy and practical, and are mentioned here below; 1.        The owner of the business must not be in active bankruptcy of any kind during the application process. 2.        The b

Chicago loans for small businesses with bad credit

There are thousands of small businesses that are looking for business loans in Chicago to finance their businesses. Amongst these most of them have already approached the banks for loans, and many have been turned down. There are many reasons how a small business is turned down however, one of the primary reasons is the fact that banks do not like to fund small businesses.  As a private lender Funding Easily ensure that we provide small businesses with easy experiences, when applying for business funding in Chicago . Our requirements and criteria are very different in comparison to banks, and are mentioned as follows; The owner of the business should not be in bankruptcy at the time of the application of the loan, the business should be at least 12 months old and running throughout at the time of the application, and finally the gross income of the business needs to be a minimum of $10 thousand.  These are very easy and simple criteria for any small business to q

Business loans for motels and hotels

For motel and small hotel owners looking for the best source of funding for their businesses, we provide hotel loans and motel loans. As a private lender our requirements are different from those of banks to qualify the business for the funding.  To provide hotel business loans we have a very simple approach to the qualification criteria required, which is very different from the way banks do it. Our criteria are as follows, the business needs to be at least 12 months old or over, the owner of the business should not be in active bankruptcy, and the gross income of the business needs to be at least $10 thousand or over.  There are few other features that are associated with the loans for hotels that we have, which makes the entire process for small business owners easier. We do not require high credit scores, and often work with credit scores that are in the mid-500s. This is important for many small business owners whose credit scores are poor or below averag