Get Your Instant Small Business Loans

If you require quick business funding then we have the solution for you. Not only do we provide small businesses with instant small business loans.  We also do provide small businesses with the funding they require quickly and in a hassle free manner. Banks do not operate the way we do, and as a result almost 90% of all small business loan applications are rejected.

As a private lender Funding Easily is one of the more popular private lenders, and our system of providing quick small business loans is easy and simple.

These are the basic criteria that we have to provide small businesses with instant small business loans. Most small businesses are able to easily qualify for the criteria that we have, and as a result can obtain the funding they require quickly. Banks on the other hand have long and complicated procedures that are according to their qualification norms.

In addition to this we do not require high credit scores and often work with credit scores that are in the mid-500s, and we fund them also. Banks on the other hand do not entertain applications from businesses whose credit scores are less than average, and in fact prefer the credit score to be as high as possible, in the 700s or above.

Also to make the entire process more convenient a small business owner does not need to worry about collateral and security to secure the loan. Our loans are unsecured loans, and this makes matters very convenient for small business owners. Banks here again have their own system which is collateralized loans, and will definitely want some form of security to secure their investment.

More information related to the business loan instant approval is available, and can be obtained by contacting us. Our funding team will provide you with the information you require. If you would like to fill in the application form yourself, all you need to do is click on the ‘apply now’ tab and fill in the details.

How to get a business loan for small business?

There are numerous small businesses that require an easy business loans, and we provide these to them easily and quickly. The funding that we provide is hassle free and we provide all applicants with us a user friendly, quick and easy experience. These are numerous features associated with the funding that we provide and these make the entire process hassle free for people. 

Getting the funding for a small business owner is not the problem, we give that easily and without a fuss. However, we do ask small business owners to be decided about the funding that they are applying for. The reason for this is important and it’s because the spine of the US economy is made up of small businesses, and as a result the health and success of all small businesses is important to the overall economy.

Banks are not interested in funding small business and as a result they have very stringent qualification criteria in place. The qualification criteria that banks have are so stringent that ultimately over 90% of all small business loan applications are rejected by the banks. Banks prefer to fund big businesses and corporates.

We do fund small businesses and our qualification criteria are completely different from those of the banks. Based on the qualification criteria that we have, most small businesses are able to qualify for the funding that they require easily. Mentioned below here you will find our qualification criteria, and looking at these any small business owner will be able to tell whether they qualify for the fast business loans or not.  

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

2.       The gross income of the business needs to be at least $10 thousand or over that amount in a month.

3.       The age of the business needs to be at least 12 months old, or over that duration. The business needs to be a running business and not simply a business registered 12 months ago yet to commence operations.

These are the simple and basic qualification criteria that we have, and based on these criteria mentioned above here, any small business owner would be able to ascertain for themselves whether they qualify for the funding or not. Also mentioned below here are some of the additional features that make our funding a very different and far more viable solution for business funding.

The processing time frames that we have to provide small businesses with the fast business loans is very quick. Typically, we can provide them with the funding that they require as quickly as within 48 to 72 hours from the time we receive the completed funding application. What this means is the business owner can take the cash within this period of time, and at the most we would require a week to ten days. Banks on the other hand are in no particular hurry to fund small businesses, and will take a couple of months to go through the paper work they have requested the small business for, as a part of their extensive qualification parameters.

The paper work that we require is also very simple to process the application form. All we require is the last 3 months business bank statements, and we require the application form. Now, anyone would have to agree that that is a very simple list of paper work. Banks on the other hand require everything, the list is just too long to make a quick mention here. This takes them time to sift through. 

Credit scores are not a very big thing with us, typically we work with businesses whose credit scores are in the low to mid 500s and we do still provide them with the best small business loans. The reason for this is simple, the credit scores are not part of our qualification criteria. Banks on the other hand do require good credit scores as a part of their initial qualification procedures. A bank will under no circumstances entertain a loan application where the credit scores of the applicant are not in the 700s.

The collateral is another area where we have different policies with the banks. Our funding is unsecured, meaning we don’t require collateral, security or any kind of personal guarantees, and this is a very good thing for small businesses. The reason for this is because many small businesses do not have the collateral required by the banks and other financial institutions. Banks have no system of lending to small businesses without collateral of any kind.

How to get a quick business loan in the USA

There are numerous small businesses all around the US that are looking for a business loan. However, there are many obstacles in the way also for small business owners. We however provide small business owners with the funding that they require without a problem to them, and this is not the biggest challenge that small business owners face with us. Typically, we do ask small businesses owners about being decided and sure about the funding that they are looking for. The reason for this is simple, small businesses make up the spine of the economy, and as a result the financial health of small businesses is crucial to the health of the entire economy.

Banks on the other hand are not so keen on funding small businesses, and the reason for this is because they consider small businesses to be ‘high risk investments’. As a result of this the banks have qualification criteria that are very stringent for small businesses, and most small businesses are unable to meet these stringent criteria. Now the real problem that small businesses face here is the fact that over 90% of all small business loan applications are rejected by the banks.

The loans that we provide are fast business loans;

We provide small businesses with the funding that they require, and our criteria are completely different from those of the banks. Typically we provide small businesses with the fast business loans that they require, and our process and procedure is very hassle free and simple in comparison to those of the banks.

Mentioned below here are our qualification criteria, and based on these almost all small businesses can apply for and receive the funding that they require.

Our criteria are as follows A) the owner of the business should not be in any form of active bankruptcy at the time of the loan application. If they were in active bankruptcy they should be discharged from it at the time of the loan application. B) The business age should be at least 12 months old and it needs to be a running business also, the business can be older than this however not less than this. Also the business must be a running business as we do not provide startup capital. C) The gross income of the business needs to be at least $10 thousand or over that amount for the business to be eligible for the business funding.

These are the criteria that we have which are far simpler than any bank or financial institution, and as a result of these criteria mentioned above here most small business can qualify for the funding they require. In addition to this most small business owners would know for themselves whether they qualify for the funding or not. In addition to this there are also other features that make the funding process that we have simpler and hassle free for all small business owners.

Our loans are easy business loans;

When we say that our loans are easy business loans, what we mean is that our loans are designed to ensure that you the small business owner, does not have a nightmarish experience trying to get the funding you require for your business. This means that your business will be able to get the funding that you require without the hassle that you would face with the banks.

Typically, banks require many forms of security and collateral and a lot of complicated paper work as well. Things like your business bank statements are standard, they will also require your tax returns for a year or two, and you will be required to provide collateral which is worth at least double the loan amount you’re applying for.  In addition to all this you will also be required to provide personal guarantees of 20% of the business or more, and personal guarantees put the business owner’s credit scores and other financials at future risk. All put together some of the deals that are available out there may not be so attractive in the end.

While many may believe that the loans given by the banks are the very best there are, however this is not the case always. The loans that are provided by the banks may come with fine print that the business owner does not fully understand the consequences of. While there are many financial experts who state that such criteria are standardized, the truth is that if things don’t go according to plan, the business owner has put himself into a bad situation financially.

When taking a business loan, it’s easy to see the bright side of things, however there is also the other side, when things don’t go according to plan. Now take our loans for example we do not require or ask for collateral and security of any kind, and this is really good for small business owners. If things don’t go according to plan they are not going to be on the hook financially, and this feature of ours will help them a lot in the future, as one might say we provide the best business loans.

How to get an online business loan;

The application process that we have is really very simple and hassle free, apart from not requiring collateral and security and personal guarantees we also do not require high credit scores. To provide small businesses with online business loans we don’t ask for high credit scores, where banks most definitely do ask for high credit scores.

Take for example, we work with credit scores that are in the low to mid-500s and we do still fund those businesses, this is because credit scores are not a part of our qualification criteria. Banks on the other hand will want to see credit scores that are in the 700s or over that. Now, this can be a bit of a problem for most small businesses who do not possess credit scores that are in the 700s or above that.

In addition to this our processing time frames are also very quick, and we typically can process an online loan application for a small business within 48 to 72 working hours from the time of the loan application. At the most we would take a week or ten days, and not above that period of time. These are pretty much our normal time frames and it’s nothing extraordinary for us. The reason we are able to provide the funding so quickly is because of our simple qualification criteria, based on which we judge the risk factors and feasibility of funding small businesses. Since these are very simple, we are able to provide small businesses with the funding that they require very quickly, as there are not too many formalities to go though.

Banks due to their stringent qualification criteria, and due to the fact that they have so many systems and policies in place tend to take a lot more time to go through all the systems they have put in place. As a result the overall time frames that a bank would require will be 2 to 4 months from the time they receive the completed application.

For more information related to the instant business loans that we provide contact us. Our funding team will provide you with the information you require, and also assist you with the application process. If you would rather fill this in yourself, simply click on the ‘apply now’ tab and fill in the details. 

Merchant Cash Advance Interest Rates

Many small business owners want to know about the merchant cash advance bad credit. Interest rates are calculated on risk factors, however it would be safe to say that the interest rates associate with MCA loans are higher than those of banks. It would be worth mentioning here that merchant cash advances are not loans technically, although they do fulfill some of the functions of a loan.

So why apply for a merchant cash advance if the banks are offering deals that are so much better? The answer to this question is one word ‘approval’. Banks are slow to approve business loan applications and that too especially from small businesses, and this is because of the risk factors associated with the funding. Typically, banks are not interested in funding small business because they consider these to be high risk investments.

As a result almost 90% of all small business loan applications are rejected by banks, this puts small businesses in a tough spot. The reasons for rejections are vast, as banks have a complicated list of criteria and requirements from small businesses.

An MCA or merchant cash advance is also what would be known as fast business funding. This means that such loans are approved by private funders such as Funding Easily. There are different views associated with MCA loans from useful to not good at all, and this has got to do with the individual needs of the applicant.

Who should apply for an MCA

If a business owner has a pressing requirement for cash for their business immediately, to use as a bridging finance, then in that case a merchant cash advance is the easiest business loan to get. If a business owner has a requirement for a term loan they should apply for a term loan.

Typically, a small business owner who requires cash for their business quickly, or those who have had their loan applications rejected by the bank. Merchant cash advances do not promise anyone the world, all they deliver to small business owners is the funding they require. So if receiving the funding is of prime importance to a business owner, then a MCA will suit their business needs fine.

The requirements of some businesses suit the funding terms associated with MCAs, and these are the businesses that should take the MCA. There are of course those who would like all the excellent features of an MCA rolled in with the features of bank loans, and this simply does not happen in reality.

If a small business owner is looking for funding for the longest duration of time and at the lowest interest rates, then an MCA is simply not what they are looking for.

How do MCA loans work;

The sign up process is simple and so is the approval process. In addition to this one of the greatest advantages of the Merchant Cash Advance is the fact that it is also a very quick to receive form of funding. Literally, a business owner can have the funding as quickly as the next day after submitting a complete application form and 3 months business statements.

The duration of an MCA is a maximum of 12 months and some small business who want to repay it earlier can do that as well. The repayment options of an MCA are either daily, weekly or monthly, and this depends on the merchant as well as the funder.

The interest rates are higher than those of banks, generally in the double digits. However, as we have mentioned here, those who apply for MCAs are a certain kind of business owner, and not all business funding needs can be met with an MCA.

Merchant cash advances are also not loans, they are simply cash advances against the future sales of the business. This is one of the greatest defining features of the MCA loans. 

What are the requirements for a MCA

The requirements for an MCA are mentioned here as follows;

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 loan application.

3.       The gross monthly income of the business must to be at least $10 thousand, or over.

These are the basic qualification criteria for a merchant cash advance, and most small businesses are able to meet these requirements easily.

Also since these are unsecured loans, we do not require collateral and security or personal guarantees from small businesses. Credit rating also does not play a role when it comes to approvals and rejections, however the interest rates of the funding will be affected with the credit scores. Typically, the lower the credit score the higher the interest rate.

Requirement based MCA funding;

As we have mentioned here in this article, the requirements to be approved for merchant cash advance business cash advance bad credit is simple and easy. Most small businesses are capable of getting the loan they require as soon as possible.

The primary users of MCA loans are those who require instant funding for short term uses. Typically, businesses that have contracts that are time bound, where the business owner requires working capital to complete a project. Or in circumstances where a business cannot accept a contract unless they have the finances available to ensure that they can complete the contract. For such business requirementsand more, an MCA will work very well.

However, if a small business owner has in mind a term loan, but applies for an MCA then the cash advance would not serve the purpose.

A merchant cash advance however works similar to a cash advance USA. Meaning if a business requires funding desperately for whatever reason, this is one funding option that is feasible and attainable as a last resort. Even for those looking for a term loan who are denied the funding by the bank on any grounds. Typically, there are requirements that need to be met, however these are mild in comparison to the stringent requirements of banks.

For more information related to how to apply for a merchant cash advance, contact us. Our funding team will assist you with the information you require. Alternatively, you can click on the ‘apply now’ tab and fill in your details online yourself.