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. 

Loans for Small Business Owners

There are many business owners who require business loans, and may not be able to get one. We provide loans for business owners and our funding is quick and also hassle free for business owners. Small and medium sized businesses have absolutely no problem getting business funding from us, and we generally provide the funding very quickly. We do however advise small and medium sized business owners to be decided about what they plan to do and which direction they plan to take their businesses in. Small businesses are typically, the spine of the economy, and we want to ensure that small businesses do well and as a result the economy.

Banks are not very interested in funding small businesses for various reasons, and one of those various reasons is that they consider small businesses to be ‘high risk investments’. Banks also have very stringent qualification criteria for small businesses and most fail to make the cut. As a result of this, over 90% of all small businesses loan applications are rejected by the banks.

We provide small business owners with loans for business owners with poor credit, and our qualification criteria are very simple as well. Based on the criteria that we have most small business owners can determine for themselves whether they qualify for the funding or not. Mentioned below here are our qualification criteria;

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

2.       The owner of the business should not be in any form of active bankruptcy at the time of the application. If the owner was in bankruptcy before, they should be discharged from it.

3.       The business needs to be at least 12 months old and a running business.

These are the very simple qualification criteria that we have and based on these, any small business owner would know whether they qualify or not. Also mentioned below here are the other features that make the process hassle free and easy.

The processing time frames that we have to provide small businesses with the funding that they require is also very quick. Typically, we are able to provide small businesses the funding that they require within 48 to 72 hours from the time we receive the completed application. At the most we would take on an average 7 to 10 days and not over that. Banks on the other hand, due to their stringent qualification criteria do require a lot more time, and would take approximately 2 months at the least.

We also do not require high credit scores, and typically work with credit scores that are in the low to mid-500s, and we do provide them with loans for small business owners. We do not require high credit scores simply because we do not use these to estimate the risk factors associated with a business, as credit scores are subject to change based on a wide variety of factors. On the other hand banks do require very high credit scores, and would be happy to work with businesses whose credit scores are in the 700s. Banks will not work with credit scores that are below average or even average.

Additionally, collateral is something that we do not require also. The reason for this is also because the funding that we provide is uncollateralized funding or unsecured funding. Banks on the other hand do not provide small and medium sized businesses with unsecured loans.

How small businesses can get instant business loans?

For the many small business owners who are looking for the instant small business loans we provide them with that. Our requirements are very simple and we provide the funding to small businesses very quickly as well in a hassle free and stress free manner. Our only real request to business owners is to be decided about the funding that they are applying for before they apply.

Generally banks do not fund small businesses because they consider them to be high risk investments. As a result of this, banks generally have qualification criteria in place that are very stringent, and due to this over 90% of all small business loan applications are rejected almost instantly.

We do however provide small businesses with the instant business loans they require, and our qualification criteria are very different from those of the banks. Typically, but looking at the criteria that we have mentioned below here, any small business would be able to determine for themselves whether they will qualify for the funding or not.

1.       The owner of the business should not be in any form of active bankruptcy

2.       The business should be at least 12 months old

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

4.       It should be a running business to qualify

These are the very simple criteria that we have, and based on these criteria any small business owner will be able to ascertain for themselves whether they qualify for the funding or not. Also mentioned below here are the other features which make the entire process simple and hassle free.

The business credit score does not matter to us, and for a small businesses possessing high credit scores is not a criteria to receive the instant business loans online. We often work with businesses whose credit scores are in the low to mid 500s, and we do fund them without a hitch. Banks on the other hand do require high credit scores, and will not work with businesses whose credit scores are less than 700s.

The processing time frames that we have are also very quick and typically we can provide a small business with the funding they require within week to ten days. At the earliest we will be able to provide a small business owner with the funding they require within 48 to 72 hours from the time we get the completed application form.

All our funding is unsecured funding, and this is a very positive feature for many small businesses, as the majority of them are unable to come up with the collateral required by banks, and other financial institutions. Typically, the collateral that banks and financial institutions require needs to be worth at least double of the loan amount.

For more information related to our instant business loan contact us, our funding team is available Monday to Friday during regular working hours. Alternatively, if you wish you can click on the ‘apply now’ tab and fill in your details there itself.

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.