How to get a quick cash advance in Chicago?

For the numerous small businesses in the Chicago area, we make available to them Business Loans in Chicago and our process is quick and hassle free. For small businesses who visit their local banks looking for business funding, the possibility of receiving the funding is slim. The reason for this is because banks are not interested in funding small businesses, as these are considered to be high risk investments. Due to these reasons, the qualification criteria that banks have are very stringent, and over 90% of all small business loan applications are rejected by the banks.

We do provide small and medium sized businesses with the funding that they require, and our qualification criteria are simple and practical. The criteria that we have which are mentioned below here enable small business owners to ascertain for themselves whether they qualify for the funding or not. Our criteria are as follows;

1.       The owner of the business should not be in any form of active bankruptcy, at the time of the loan application. If they were in active bankruptcy before the time of the loan application, they need to be discharged from it.

2.       The business needs to be at least 12 months old and a running business.

3.       The gross sales of the businesses needs to be at least $10 thousand or above that amount to qualify for the cash advance Chicago.

These are the simple and easy qualification parameters that we have, and based on these most small businesses are able to qualify for the funding that they require. Additionally, we have mentioned below here the other features that make the entire process hassle free and user friendly for our customers.

The processing time frames that we have to provide small businesses with cash advance in Chicago are very quick. At the quickest we are able to provide them with the funding that they require within 48 to 72 hours, and at the most a week to ten days, not over this. The banks on the other hand are in no hurry to provide small businesses with the funding that they require. As a result the minimum time frames that they would take is a couple of months and over that period of time.

Also we do not require high credit scores to provide small businesses with the funding they require. Typically, for cash advance loans in Chicago we work with credit scores that are in the low to mid 500s, and we do provide them with the funding that they require. Banks on the other hand do not have such a lenient view of this, and do require high credit scores. Typically, banks would be very happy to work with credit scores that are above 700.

For small and medium sized businesses we do not require collateral either when providing them with the Small Business Loans in Chicago. The funding that we provide is uncollateralized and we do not require any form of personal guarantees or security of any kind. These are all helpful features because most small businesses do not have the collateral that banks require. The value of the collateral that banks require is generally double of the value of the funding that they are providing.

For more information related to the cash advance loans in Chicago contact us. Our funding team will provide you with the information you require, and assist you with the application for the funding. Alternatively, if you would rather fill the form yourself, simply click on the ‘apply now’ tab and fill in your details there.