How to get a retail business loan quickly
There are many different kinds of funding’s available for
small business owners, and we offer them retail business loans for their immediate requirements. The entire procedure that
we have for business funding is quick and user friendly, and we ensure that you
do not face unnecessary hassles during the application process.
As a private lender, Funding Easily has a set of completely
different parameters to approve applications for retail business loans in the USA. These are mentioned here as
follows; the business needs to be at least 12 months old and a running business
at the time of the application. The owner of the business should not be in any
form of active bankruptcy at the time of the loan application. Finally, the
gross income of the business must be at least $10 thousand a month.
These are simple enough criteria to meet, and a lot simpler
than bank criteria. Most small businesses are able to meet these criteria
easily, and these are far more reasonable criteria for small business owners.
Typically, a bank would as their first parameter require high credit scores
(near about 700ish or over) to approve a loan application. If a small business
owner does not possess a credit score that is in this range, their application
will be rejected outright, based on the credit score alone.
In addition to the fact that our criteria are very simple,
we do not require high credit scores, and we often work with credit scores that
are in the mid-500s to provide retail
business funding.
In addition to not require a high credit score, we do not
also require collateral or security to provide you with a business loan.
Typically, banks would always require collateral and security as they consider
small businesses as a high risk investment.
You can obtain more information related to easy business loans by contacting us.
Our funding team will provide you with all the information you require
regarding the application process and the requirements that we have.
Alternatively, you can also click on the ‘apply now’ tab and fill in the basic
application form that we have on our site.
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