How to get a working capital loan quickly for small businesses
For small businesses that require a working capital loan there are numerous options available to them.
However, every lending institution has its own requirements and criteria. Banks
typically, are not keen on funding small businesses and as a result about 90%
of all small business loan applications are rejected by the banks. We do
however provide funding to small businesses and our criteria are completely
different from those of the banks.
Funding Easily is one of the more popular funding companies
amongst small businesses. Our criteria are completely different from those of
the banks, and typically, they are simple and easy to meet. As a result most
small businesses are able to qualify easily and have a hassle free and easy
experience.
Mentioned here are our qualification criteria;
1.
The owner of the business must not be in any
form of personal bankruptcy at the time of the loan application.
2.
The overall income of the business needs to be
at least $10 thousand a month or over that amount.
3.
The age of the business needs to be at least 12
months old or over that.
And these are our very simple qualification criteria, which
most small businesses are able to meet easily without a hitch. Banks on the
other hand have a long and complicated list of criteria that are difficult to
meet and most small businesses fail to make the cut.
Some of the other features associated with the business cash advance bad credit and how to get
it are mentioned here below. The entire process is simple and we have
simplified it further to make it feasible for small business owners.
The processing time for the loan application that we have is
at the quickest 48 to 72 hours, and at the most this time frame would be 7 to
10 days. Banks on the other hand are really in no rush to provide small
businesses owners with funding, and as a result they take a couple of months at
the least and over that period of time at the most.
We do not require high credit scores and this is a major
plus point to small businesses, as many of them have damaged credit or their
credit scores are not in the 700s. Banks do require excellent credit scores and
would definitely prefer to work with businesses whose credit scores are above
700s. We work with damaged credit scores that are way below average and still
do fund them, without blinking an eyelid.
Another very interesting point is the collateral that so
many ask for, we do not require collateral simply because the unsecured business funding that we provide
are uncollateralized loans. Banks as usual do not provide uncollateralized
loans, and are required according to their own norms to secure the investments
that they give out in the form of loans.
More
information on the small business
capital loans that we provide is available on our website, or you can
contact us. Our customer service team will provide you with all the information
you require, and also assist you with the application process. Alternatively,
if you are the do it yourself kind of person simply click on the ‘apply now’
tab and fill in your details.
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