Should you even take an MCA?

These are serious questions to ask yourself as a small business owner looking for instant small business loans. When we look for information on the web, we generally find information related to either the promotion or denouncing of MCAs. Neither of these does much good to a business owner. As a funder however we have a few important bits of information to share related to the subject.

While it is absolutely true that an MCA is the fast business funding to get, because of the simple criteria. Ask yourself if you need an MCA or another kind of loan, the reason we say this is because MCAs are not term loans. We definitely do not want small business owners turned down by the bank applying for an MCA on the rebound without understanding the dynamics of the MCA funding completely. This is not a loan like a bank loan, it is a very different product.

Many who mistakenly take an MCA expecting it to be as a stand in term loan, find it to be a very unsuitable product for their business needs, we would like to prevent this. Taking an MCA needs to be a clear and planned decision, after knowing the product and its conditions, uses, limitations and advantages. Sure it can be an excellent product or a terrible product, however that has got more to do with the uses of the funding by the business owner.

From our perspective the businesses that should take an MCA are those who have short term requirements, strong cash flows and business in hand for which they require the merchant cash advance bad credit.  

When and under what circumstances should one take an MCA

The correct circumstances to take an MCA is for those who have strong cash flows, and require the funds to invest in a project that has quick turnaround. Typically, this is what business owners who work on a contractual basis do, if they have a contract in hand which is time bound. Under these circumstances, a business owner will require the funding as soon as possible. Here for him time is of the essence, and if the question is time, then there is no better form of funding than an MCA. This is just one example, and there are other uses of an MCA as well. 

The next point we come to are the merchant cash advance interest rates which are definitely far higher than the banks interest rates associated with term loans. Again, if a business owner requires the funding for short periods of time, they should have a clear plan for the money they are borrowing. This would mean an end to end plan, related to the utilization of the money, the turn around and more.

An MCA should not be taken as a substitute to a term loan. Point being these are specific products, and are used for specific uses. Those who take them for a number of mistaken reasons often complain how the product never suited their requirements. As we say MCAs may be the fast business loans to get, however they are meant for specific purposes and are not suitable for every kind of business need.

Contact us for more information related to MCAs, our funding team will assess your requirements and assist you accordingly. Alternatively, you can click on the ‘apply now’ tab and fill in your details.  

The Quick Small Business Loans for Women

There are numerous small businesses who are looking for business loans for women and we provide them with those, easily. The procedure for applying for a business loan with us are simple and hassle free, we do however request all small business owners to be ‘decided’ about getting a loan when they apply.

Banks and other financial institutions do not provide small businesses with the funding they require so easily, as they consider small businesses to be ‘high risk investments’. As a result of this over 90% of all small businesses who apply for funding with the banks are rejected.

Small businesses make up 99.7% of all businesses in the US, as a result making them into the body of the domestic economy.  We provide small businesses with the small business loans for women that they require, and our qualification criteria are completely different to those of the banks. Mentioned below here are our very simple qualification criteria.

1.       The business needs to be at least 12 months old

2.       The owner of the business should not be in active bankruptcy at the time of the application.

3.       The business should be grossing at least $10 thousand a month

4.       The business needs to be a running business as well.

These are the basic criteria that we have, and looking at these criteria almost any small business owner can ascertain for themselves whether they qualify for the funding or not. Also mentioned below here are the other features of our funding, such as the speed and simplicity of the process.

Credit scores are something we don’t request for much to provide the business funding for women as they don’t really matter to us providing the funding. We often work with businesses whose credit scores are in the low to mid 500s, and fund them. Banks on the other hand do require credit scores in the 700s to accept a small business loan application.

The processing time frames that we have are also very quick and typically we will be able to provide small businesses with the loan for women owned business that they require as quickly as within 48 to 72 hours from the time we receive the completed application. At the most we would require a week to ten days to provide the funding. This is very different from the banks time frames that are at least a couple of months and over that.

Collateral is something else that we don’t require and the reason for this is due to the fact that all our funding is unsecured funding. This is a very beneficial feature for small businesses, many of whom do not possess the necessary collateral that banks and other financial institutions require of them.

For more information related to the women owned small business loans that we provide contact us. Our funding team will provide you with the information and assistance you require to fill in the application form. Additionally, if you wish to fill in the form yourself, simply click on the ‘apply now’ tab and fill in your details there.

Small Business Loans for Restaurants

There are numerous small business owners who are looking for restaurant business loans and many of them go to banks. Banks are not keen on giving loans to small business owners and the reason for this is because small business are considered to be a high risk investment.

As a private lender, Funding Easily has a completely different approach to providing restaurant financing. Our criteria is different from those of banks, and we do not consider providing restaurant loans to be a high risk activity.

Private funder criteria for small business loans for restaurants;

Our criteria are mentioned here as follows; the business needs to be at least 12 months old and running during that period of time. We do not provide funding to businesses who are not operational. The second criteria is as follows; the business owner should not be in active bankruptcy of any kind at the time of the loan application. Our final criteria is as following; the business income needs to be at least $10 thousand a month or more. These are easy and simple criteria to obtain restaurant funding, and most small business can achieve this easily.

We do not draw our conclusions of the business based on the credit score to provide a business loan for restaurants. On the other hand we actually work with businesses and even fund those whose credit scores are below average, and in the mid-500s. Banks on the other hand will never consider accepting an application whose credit score is less then premium or around about 700ish or over.

Banks also always require collateral and security, to ensure that the loan amount they give is covered and secure. As a private lender, Funding Easily does not require any kind of collateral or security or even personal guarantees to provide business funding for restaurants.

Contact us for more information related to restaurant financing companies and restaurant loans bad credit. Our funding team will assist you with information and also with the application process. Alternately you can also fill in the application form online here by clicking on the ‘get started’ tab.   

How to get a loan with below average credit scores?

There are many small businesses that require loans periodically, and we provide bad credit business loans. The banks are not in favor of funding small businesses and even if they do they require a good credit score as one of their primary criteria. As a result of this, those whose credit scores are damaged, have no chance of being approved by the banks.

Banks require a lot of criteria from businesses who are applying for business loans, and they are not in favor of funding small businesses as these are considered to be high risk investments. Funding Easily on the other hand does provide funding to small businesses, as our criteria are completely different from those of the banks.

Our criteria to provide you with a bad credit small business loans are as follows; the minimum age of the business should be at least 12 months old, and it should be a running business. The owner of the business should not be in active bankruptcy at the time of the loan application.

These are simple and practical criteria that we have, that are completely different from the criteria of banks. The other requirements that are have to provide business funding bad credit are as follows; we do not require excellent credit scores, and often work with credit scores that are in their mid-500s. We are able to do this because we do not judge the risk factors of the business based on credit, but on the criteria we have.

Banks on the other hand require credit scores that are excellent or around about 700 and over, anything less than that and the bank will reject that application. This is one reason why banks end up rejecting 90% of all the applications they receive.

In addition to this we do not require collateral and security as well, when we provide funding. This is something that banks will never do as it goes against their policies.

Contact us for more information related to business funding with bad credit and our funding team will assist you with the information you require and help you fill in the application. Alternatively, you can click on the ‘get started’ tab and fill in the basic online application.

Business Loans Quickly

There are numerous features that are associated with the business loans, banks and private funders offer these and the features are completely different for each. Generally banks are not in favor of funding small businesses and the reason for this is simple, banks consider funding small businesses a ‘high risk investment’.

As a private funder Funding Easily does provide instant small business loans to small businesses, and our qualification criteria are simple and practical, thus enabling small business to qualify for funding. Mentioned below here are our qualification criteria.

1.       The owner of the business should not be in any form of active bankruptcy at the time of the loan application.

2.       The business should be at least 12 months old and a running business for that duration of time.

3.       The gross monthly sale of the business needs to be at least $10 thousand or over for the business. This would be before taxes and expenses.

These criteria are very different from those of banks, and there are many reasons that it is so. Small businesses generally are unable to qualify for bank loans, no matter how hard they try. In a way the criteria of banks are designed to weed out those with weaker credentials. As a result on an average 90% of all small business loan applications are rejected by banks. On an average banks do not provide fast business loans, and basically there is no procedure of speed of funding associated with banks.

There are other advantages associated with the funding we provide for businesses. As mentioned here we do not require high credit scores. On the contrary we often work with credit scores that are below average and at times in the mid to low 500s, and we still provide them with instant business loans. Banks on the other hand require high credit scores and will not entertain an application whose credit scores are not above average or in the 700s.

To know more about our quick small business loans contact us. Our funding team will provide you with the information you require. On the other hand you can click on the ‘apply now’ tab and fill in our easy form yourself. 

How to get the fastest business funding?

When it comes to business funding there are a few options that one needs to consider. Banks are not lending happily to small businesses anymore. The reason for this is banks consider small business to be a high risk investment. On the other hand we do provide small business funding to numerous businesses.

As a private lender Funding Easily is one of the best funding options available for small business owners. We provide small businesses with fast business funding when they require it, and this is because our qualification criteria is nothing like the banks. Typically, banks have a long list of criteria that are hard to meet for any small business. Our criteria are as mentioned below;

1.       The business needs to be at least 12 months old and a running business at the time of the loan application.

2.       The owner of the business must not be in any form of bankruptcy at the time of the loan application.

3.       The business should have a gross monthly sale of at least $10 thousand to qualify for the funding.

These are user friendly criteria that enables small businesses to easily qualify for the business capital funding that we provide. The entire process is easy and hassle free for the small business owners.

Some of the other interesting features that are also associated with the application process that would be of interest to small business owners for funding your business are as follows. We do not require excellent credit scores as a criteria for the funding. We in fact often work with credit scores that are less than average and often in the mid-500s, and we fund them. This is not something that anyone should expect from any bank, banks require credit scores that are above average to accept the application.

Another feature related to business loan funding that we provide is the fact that we do not require any form of collateral. We do not require collateral because the loans that we provide are unsecured loans. Banks on the other hand do not provide unsecured loans, and always require collateral to secure the funding they give.

The processing time that we take is also very quick and we can deposit the money in the business account at the quickest, the very next day from the time we receive the application. Typically, banks are not focused on funding small business at the earliest, and generally take a few months to do the same.

For more information related to easy business funding contact us, and our funding team will provide you with all the information you require. Alternatively, you can also fill in the application by clicking on the ‘get started’ tab.

Small Business Loans Bad Credit

There are numerous features that are associated with the best small business loans that we provide, and fast is one of them. In addition to this there are other excellent features that make applying for business funding with us a user friendly experience as well as a hassle free one.

Funding easily provides you with small business loans which are easy to qualify for, quick to process and our funding criteria are completely different from those of banks. So, if you have ever been turned down by the bank, why not try with us.

Our criteria are as mentioned here; the business should not be less than 12 months old at the time of the application and it should be a running business. The owner of the business must not be in active bankruptcy at the time of the loan application. Finally, the business gross income needs to be at least $10 thousand a month.

These are easy criteria and most small business qualify for these. However, this is not all and there are more features that make the process easy to work with. We do also provide small business funding as we do not calculate the risk factors based on the existing credit scores of the business. The reason for this is simple, a credit score can change based on various parameters most of which have nothing to do with the financial ethics of the business owner.

We also provide unsecured loans, and this means that we do not require collateral and security. Many small business owners are unable to fulfill the banks requirements even if their credit scores are good enough when it comes to collateral. Typically, the collateral needs to be worth twice of what the business is borrowing, and many business owners simply don’t have that.

Another feature that is a part of our services is the turn-around time for the funding that we provide. Our turn-around time is exceptionally fast as compared to the banks. At the quickest we are able to provide a business loan in 48 to 72 hours, and on an average within a few days. It all depends on receiving the application fully filled out and some basic paper work, if this is submitted quickly then it quickens the entire process.

If you’re looking for best business loans then we have the solution for you. Contact us for more information related to the funding options that we have available for you. Alternatively, you can click on the ‘get started’ tab and fill in the basic application form.

Retail Loans for Small Business

If a small business owner requires a retail business loans and has no collateral to show, will they get the loan they require? The answer to this is yes, however may not be from a bank, however they will get the funding they require.

As a private lender our requirements are very different from those of banks. Typically, banks are not keen on funding small businesses, as they consider these to be high risk investments. As a result of this on an average 90% of all small business loan applications are rejected by banks.

As a private lender Funding Easily provides small businesses with retail business loans in the US and our funding criteria are mentioned here as follows; the business needs to be at least 12 months old and a running business to qualify. The gross income of the business must be at least $10 thousand to qualify for the loan. Lastly the owner of the business should not be in any form of bankruptcy at the time of the loan application.

These are simple and realistic criteria for retail owners, and most are able to qualify for funding easily. In addition to this we do not require high credit scores either. Typically, we work with credit scores that are in the Mid-500s and we fund them as well. Our criteria are very different from those of banks, and this is the reason we are able to fund those banks will not.

Another feature associated with our retail business funding is the fact that we do not require any form of collateral or security. This is good for small business owners for a few reasons, primarily because many small business owners do not have the collateral required, and second because banks don’t provide loans without collateral. 

Also our turnaround time is very quick, at the quickest we are able to qualify and fund a business is within 48 to 72 hours. Again, since banks are not concerned with time frames and they are not in any hurry to fund businesses quickly.

More information related to business loans New York is available on our site. Alternatively, you can contact us or fill in the online application form by clicking on the ‘apply now’ tab.

Small Business Loans for Hotels

For motel and small hotel owners looking for the best source of funding for their businesses, we provide hotel loans and motel loans. As a private lender our requirements are different from those of banks to qualify the business for the funding.

To provide hotel business loans we have a very simple approach to the qualification criteria required, which is very different from the way banks do it. Our criteria are as follows, the business needs to be at least 12 months old or over, the owner of the business should not be in active bankruptcy, and the gross income of the business needs to be at least $10 thousand or over.

There are few other features that are associated with the loans for hotels that we have, which makes the entire process for small business owners easier. We do not require high credit scores, and often work with credit scores that are in the mid-500s. This is important for many small business owners whose credit scores are poor or below average. Banks on the other hand will not entertain these applications for business funding for hotels, as banks do work on the credit scores of businesses.

We do not ask for collateral and security either from small business owners for loan for hotel business, as typically many of them are not able to do so. Banks on the other hand again do require collateral and security or personal guarantees for easy business loans.

Another feature associated with the funding that we provide is the turnaround time frame. At times we are able to process the application very quickly, and this is very beneficial to small business owners. The quickest we are able to process the application, is within 48 to 72 hours from the time we receive the application.

Typically a bank will take a lot of time to do the same, as their primary concern is not getting the money to the business on time, but rather to secure the funding they are providing. This process of business loans for hotels could take anywhere from a month to a few months generally.

Contact us for more information related to hotel construction loans and hotel financing companies. Our funding team will provide you with the information and assistance you require, and also with the filling of the application if necessary.