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 require excellent credit, and we even work with credit scores that are below average and in the mid-500s. In addition to this we do not ask business owners to provide us with collateral security and personal guarantees. The business owners should not be in bankruptcy at the time of applying for the loan. These criteria are very different from what banks require and are very reasonable for small business owners as well.

The funding amounts that we provide with instant small business loans are up to $1 million, and this amount covers the requirements of most small and medium sized businesses. Another point to be noted is the time frames of the loans we provide in comparison to the banks time frames. The quickest we can provide the funding is 48 to 72 hours from the time we receive the application. A bank will typically take a couple of months at least and maybe a lot more in certain cases. 

Contact us, and you can gather more information related to business funding from our lending team. They will assist you with the information you require and can also help you fill in the application form if required.
Location: United States

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