How to get a quick business loan in New York

In New York there are numerous small businesses, and many of them require loans. Most small businesses require the funding that they require quickly and are looking for a hassle free experience. We provide small businesses with the business loans New York that they are looking for and our process is hassle free and quick. Banks on the other hand are not so interested in funding small businesses, and the qualification criteria that they have as a result is extremely stringent. As a result of the stringent qualification criteria, over 90% of all small businesses loan applications are rejected and fail to make the cut.

We provide small businesses with the funding that they are looking for, and our qualification criteria are completely different from those of the banks. The criteria that we have are mentioned below here, and based on these most small business owners can ascertain for themselves whether they qualify for the funding or not.

1.       The business needs to be at least 12 months old and a running business, to qualify for the cash advance in New York.

2.       The business gross sales need to be at least $10 thousand a month or over that amount.

3.       The owner of the business should not be in any form of active bankruptcy at the time of the loan application.

These are the basic and simple qualification criteria that we have, and based on these most small businesses in New York that are looking for business loans are able to qualify. In addition to this however, there are other features as well that make this a very simple quick process. Features mentioned below.

The credit score is not a major factor with us, and the simple reason for this is because the credit score is not a part of our qualification criteria. We often work with credit scores that are in the low to mid 500s, and we do still fund them. Banks on the other hand do require high credit scores, and would prefer them to be in the 700s.

We process the applications very quickly, and at the quickest we will be able to provide you with the funding that you require within 48 to 72 hours from the time we receive the completed loan application. At the most this time frame would be a week to ten days. Banks on the other hand are in no rush to provide small businesses with the funding that they require, and will take at least a couple of months to do the same.

Also, we do not require collateral, as our loans are uncollateralized as well as unsecured loans. This is also a very beneficial feature for small businesses as there are numerous small businesses that are unable to come up with the collateral required to obtain the funding. Banks on the other hand do require collateral to provide you with the cash advance loans New York.

For more information related to the New York business funding contact us. Our funding team will provide you with the information you require, and also assist you with the filling in of the application. If you would rather do this yourself online, simply click on the ‘apply now’ tab and fill in the details yourself.