Merchant Cash Advance
There are numerous small business that
require business funding, and the business funding they require is provided by merchant cash advance bad credit. The
reason for this is because banks are not really interested in giving loans to
small businesses, as small business are considered to be high risk investments
for banks.
Funding Easily is one of the more popular
private finance companies amongst small business owners. The criteria that we
have is simple and easy to comply with for merchant
cash advance loans, and most small business owners qualify as a result.
Banks on the other hand do not have simple criteria, and their criteria are
better suited to meet the requirements of corporations and big businesses.
Mentioned here are our criteria;
1.
The owner of the business
should not be in any form of personal bankruptcy at the time of the loan
application.
2.
The business needs to be at
least 12 months old and a running business.
3.
The gross income of the
business must be at least $10 thousand a month or over.
These are the criteria that we have, and
most small businesses are able to meet these without much trouble, and as a
result get the merchant cash advance
they require. Banks on the other hand do have far more complicated criteria
that makes the entire procedure very complicated for small business owners. As
a result of this almost 90% of all small business applications are rejected by
banks.
Additional features that are associated
with the loans that we offer are credit scores. We do not require high credit
scores and offer business cash advance bad credit funding as well. This is a feature that is essential to business
owners who do not possess excellent credit. We often work with businesses whose
credit scores are in the mid-500s and we do fund them. Banks on the other hand,
as anyone who has ever applied for bank funding knows that banks do require
above average credit scores, preferably over 700s.
Also unlike the banks, we provide
uncollateralized loans, and do not ask for collateral or security. And our
processing time frames are quick. At the earliest we are able to process the
funding required within 48 to 72 hours, otherwise in a week. Banks on the other
hand are in no rush to process applications, and will take their own time to do
so.
For more information related to apply for a merchant cash advance
contact us. Our funding team will assist you with the information you require
and the filling in of the application. Alternatively, you can click on the ‘get
started’ tab and fill in the details yourself.
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