Retail Business Loan Quick Approved
There are numerous small businesses that
are in requirement of funding and retail business loans. We provide those to small businesses, and the entire
process is simple, quick and hassle free for the small businesses owners. Banks
have literally stopped providing small businesses with funding, not all
together, however almost nothing. Now days over 90% of all small business loan
applications are literally rejected by the banks. There are many reasons for
this, the criteria to qualify are too stringent for small business, and small
businesses are considered to be ‘high risk investments’ for banks also.
Funding Easily provides funding for retail businesses to
numerous small and medium sized businesses, and the reason we are able to do
this is because our qualification criteria are completely different from those
of the banks. Our qualification criteria are reasonable and feasible for small
business owners to be able to qualify for them, and are mentioned below here.
Based on these criteria, any small or medium sized business owner will be able
to tell whether they qualify for the funding or not.
1.
The gross income of the small
or medium sized business needs to be at least $10 thousand or over that amount.
2.
The owner of the business
should not be in any form of active bankruptcy at the time of the loan
application.
3.
The age of the business needs
to be at least 12 months old or over that period of time.
These are the very simple criteria that we
have and most small businesses are able to qualify for this without any real
problems. There are also other benefits associated with the funding process
that we have and those are mentioned below here.
The processing time frames that we have for
fast business funding are a lot less
than those of the banks. Typically, the time required for us to process the
application at the quickest is 48 to 72 hours, and generally at a slower pace
it would not exceed 7 to 10 days at the most. These are the general time
estimations that we work around. Banks on the other hand will take up a lot
more time, and generally will take a minimum of a couple of months and if there
are any delays then that time frame would go up a lot more.
Also we do not require collateral and
security of any kind when it comes to providing small businesses with the
funding they require. The reason for this is because our funding is
uncollateralized funding, on the other hand banks have no such system of
uncollateralized funding. Banks on the other hand are required to secure the
funding they give to small businesses.
In addition to this, we do not require high
credit scores, and work with credit scores that are in the mid to low 500s and
we do fund them as well. The reason for this is simply because the credit
scores are not a part of our qualification criteria. Banks on the other hand do
have the credit scores as a part of their qualification criteria, and prefer to
work with credit scores that are if possible above 700s.
For more information related to the instant small business loans contact
us. Our customer service team will help you and provide you with information
etc. They will also assist you with the application form, if required. On the
other hand you can click on the ‘get started’ tab and fill in the basic
application form we have on our site.
Comments
Post a Comment