How to get a fast business loan in New York?

There are numerous small businesses in New York and many of these small business are looking for business funding. We provide cash advance New York to small businesses that require quick business funding. Banks are not very interested in funding small businesses, and there are various reasons that they have, however some of the primary reasons are the small businesses are considered to be ‘high risk investments’. As a result of this the qualification criteria that banks have is very stringent, and most small businesses don’t make the cut. Due to this over 90% of all small business loan applications are rejected by the banks.

We do provide small businesses with the cash advance in New York they require and our qualification criteria are very different from those of the banks. Mentioned below here are our simple qualification criteria, and looking at these any small business owner will be able to ascertain for himself or herself whether they qualify for the funding or not.

1.       The owner of the business should not be in any form of active bankruptcy at the time of the loan application. If they were they should be discharged from it before they apply, to be approved.

2.       The business needs to be at least 12 months old and a running business.

3.       The gross income of the business needs to be at least $10 thousand or over that amount, in a months’ time.

These are the simple and practical criteria that we have, and based on these criteria most small businesses are able to qualify for the funding that they require. However, in addition to these criteria, there are also additional features that make the process quick and hassle free, mentioned below.

We do not require high credit scores to provide you with a cash advance loans New York, as these are not a part of our qualification criteria. We often work with credit scores that are in the mid to low 500s, and we still do fund them. Banks on the other hand do require high credit scores and will not work with a business whose credit scores are less than average, and would in fact prefer credit scores that are 700 or over that.

Other benefits of applying with us for funding is the processing time frames that we have. We are at the quickest able to provide you with the funding within 48 to 72 hours from the time you apply, or at the most within a week to ten days. Banks on the other hand do require a couple of months to do the same, and this is not a problem for the banks as they are in no rush to fund small businesses.

We do not also require collateral and security against the funding that we provide, as our funding is unsecured and uncollateralized. Banks on the other hand do not provide uncollateralized loans to small businesses ever. Most small businesses appreciate uncollateralized loans as many of them do not have the collateral required by the banks.

For more information related to the cash advance loans in New York that we provide, contact us. Our funding team will provide you with the information you require and also assist you with the application. If you would rather fill out the form yourself, simply click on the ‘apply now’ tab and fill the application form yourself.