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.