Tuesday, January 29, 2019

Quick Small Business Loans with a Poor Credit Score


quick small business loans

There are numerous small and medium sized businesses that require instant business loan and we provide them with that, simply and quickly. The funding that we provide is easy to obtain for small businesses and the entire procedure is hassle free and provides the business owner with a stress free experience. We do advise small business owners to be sure about the reason they want the funding however, and this is important for them as well thought through plans and decisions are always the correct way to go. This is important for small businesses as they make up the spine of the economy, and we would definitely prefer to see all small businesses financially rock solid and healthy.

Banks on the other hand do not like to provide small businesses with loans, and the reason for this is because small and medium sized businesses are considered to be ‘high risk investments’. On the other hand they do prefer to fund big businesses and corporations. Because they don’t prefer to fund small businesses, banks have very stringent qualification criteria, and most small business fail to make the cut. As a result of that, over 90% of all small business loan applications are rejected by the banks.

We do provide small and medium sized businesses with the quick small business loans that they require, and our qualification criteria are easy and simple. Our qualification criteria are practical and reasonable for small businesses. Our qualification criteria are mentioned below here, and based on these, most small and medium sized business owners can determine for themselves whether they qualify or not.

1. The owner of the business should not be in any kind of bankruptcy at the time of the loan application. If they were they should now be discharged from it.
2. The business should not be less than 12 months old, it needs to be at least a year old and a running business.
3. The gross income of the business needs to be at least $10 thousand or over that amount.

These are the very simple and basic criteria that we have, and based on these criteria most small and medium sized businesses can obtain the business funding they require. Also mentioned below here are the rest of the features that make the entire process of applying for a business loan simple and hassle free.

The processing time frames that we have to provide easy business loans are very quick. We can provide small and medium sized businesses with the funding they require within 48 to 72 hours from the time we receive the funding application. At the most this time frame would be a week to ten days, and all we require in the way of documentation is the last 3 months statements of the business. Banks and financial institutions on the other hand do not provide funding so quickly, as their system of processing applications is far more complicated.

We do not require collateral, as collateral is not part of our qualification criteria to provide small and medium sized businesses with the fast business funding. All the funding that we provide is uncollateralized and unsecured funding, and this is a very good thing for small businesses many of whom are unable to come up with the collateral required. Banks on the other hand will not provide uncollateralized loans, especially not to small businesses.

We do not require high credit scores to process an application for funding. We often work with credit scores that are in the low to mid-500s, and we do fund them without a problem. Banks on the other hand do require high credit scores, and this is one of the primary reasons that many small businesses cannot apply for bank funding. Typically, there are numerous small businesses whose credit scores are either damaged or not very high. Typically, banks would prefer to see small businesses with credit scores that are very high and over 700s would be appreciated with the banks. However, the reality is that most do not possess these credit scores.

For more information related to the best small business loans contact us. Our funding team will provide you with the information required and assist you with the application process. Alternatively, we are aware that there are many who would rather fill the form out online, and for them we have the online form. Simply, click on the ‘get started’ tab and fill out our very simple application form.  

1 comment:

  1. Get the business financing that you need today with a SBA loan today. Hassle-free approval! Hassle-Free. No Ballooning. Minimum 650 Credit Score. Bankruptcy OK. Highlights: Fast, Easy & Affordable Funding Solutions, Hassle-Free Application, Fast Approval.Email: capitalfunding454@gmail.com

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