Where to get a retail business loan


There are numerous small businesses that are searching for retail businesses loans all the time, and we do provide those. However, the banks now days have literally stopped catering to the requirements of small businesses. Banks consider small businesses to be a ‘high risk investment’ and also have stringent requirements that most small businesses are unable to meet. As a result of this over 90% of all small business loan applications are rejected by the banks. 

Funding Easily is one of the more popular private funders amongst small business owners, and we fund countless small business and medium sized businesses. The qualification criteria that we have are completely different from those of the banks, and our qualification criteria are simple as well as practical. Mentioned below here are our qualification criteria, allowing small business owners to asses for themselves if they qualify for the funding we provide or not. 

1.       The owner of the business should not be in a state of active bankruptcy at the time of the loan application.
2.       The business needs to be at least 12 months old and also a running business for it to qualify for the retail business funding. 
3.       The gross income of the business needs to be at least $10 thousand. Before taxes and any expenses.
These are the simple qualification criteria that we have and most small businesses who require the funding do qualify for it. There are also other features that are part of the funding that we provide, these are mentioned here below as well. 

The credit score is not a very major part of the application process with us, and typically we work with even low 500s credit scores and fund them. Banks on the other hand do require high credit scores, and would generally require the credit scores to be in the vicinity of the 700s or over that amount. The reason we do not require high credit scores is due to the fact that, credit scores are not part of our basic criteria. 

The processing time frames also that we have for the funding for retail businesses is at the quickest 48 to 72 hours. At the most the time durations with us would be about 7 to 10 days. Banks on the other hand are slow at this process and are in no particular rush to fund small businesses, as a result the quickest banks will do anything is a couple of months, and on the other hand that time frame could go up to far more than that. 

Also we do not require collateral and security or personal guarantees. The reason for this is simple, we provide best small business loans. Banks here again have no system of unsecured loans, and are required by their own norms to secure the funding they provide as loans. 

For more information related to the retail business loans in the USA contact us. Our customer service team is experienced and will provide you with the information and assistance you require in a quick and convenient manner. The entire process of the application is designed to be hassle free and user friendly. If you would like to fill the form on your own, simply click on the ‘apply now’ tab and fill in the simple details.  

Comments

Popular posts from this blog

Apply for Small Business Loans

Merchant Cash Advance for Small Businesses

How to Get Restaurant Funding For Your Business?