There are numerous small businesses that
are looking for business loans for women
and we provide them with those. Typically, the dispatching the funding is not
an issue with us to any small business, and we do ask small businesses to be
‘decided’ before they apply with us.
Banks do not fund small businesses so quickly
and typically and the reason for this is actually that banks consider small
businesses to be ‘high risk’ investments. In addition to this banks also have
stringent qualification criteria that most small businesses are unable to
qualify with, as a result of this over 90% of all small business loan
applications are rejected.
We do provide small businesses with the small business loans for women they
require easily and quickly. Small businesses make up 97% of all businesses in
the US, and as a result are the spine of the domestic economy. We do provide
small businesses with the funding that they require and our requirements are
very simple and easy to meet. Mentioned below here are the basic qualification
criteria that we have.
1.
The business must be at least
12 months old
2.
The owner of the business
should not be in active bankruptcy
3.
The business should be grossing
at least $10 thousand a month
4.
The business needs to be a
running business.
Based on the simple qualification criteria
that we have mentioned above here, any small business owner will be able to
ascertain for themselves whether they qualify or not for the funding. Also due
to our simple criteria we are able to process the applications a lot quicker,
details related to that and more are mentioned below here as well.
The processing time frames that we have to
provide the business funding for women
can be as quick as 48 to 72 hours from the time we receive the completed
application. At the latest we would take a week to ten days and not over that time
frame generally. Banks on the other hand will take at least a couple of months
to do the same as their qualification criteria are a lot more stringent.
Collateral is something else that we don’t
require and the reason for this is because our loans are unsecured loans.
Typically, the banks and other financial organizations and institutions do
require collateral and do not have any procedure where they provide women owned small business loans to small businesses.
The credit scores are something else that
we don’t stress on much either to provide a loan for woman owned business. The primary reason for this is the
fact that most small businesses do not possess good credit scores. Banks on the
other hand will not work with businesses whose credit scores are below 700s.
For more information related to the funding
that we provide, contact us. Our funding team will provide you with the
assistance you require in filling the form and also assist you with
information. Alternatively, you can click on the ‘apply now’ tab and fill in
the details there itself.