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Quick Business Loans for Startups
Posted: May 19, 2019
If you’re a small business owner looking for quick business loans, we have the perfect solution for you. We provide small businesses with the funding they require quickly and the entire process is hassle free. Generally, most small businesses are looking for funding in the range of $15 thousand to $25 thousand, however there are those whose requirements are in the range of $100 thousand or over as well and we do fund them all. The requirements that we have are simple, and we do request all small business owners to be ‘decided’ before they apply.
Banks on the other hand do not provide small businesses with the funding they require easily anymore. The reason for this is because banks consider small businesses to be high risk investments. As a result of this their qualification criteria are now very stringent, and over 90% of small businesses fail to qualify for the funding.
We do provide small businesses with the funding they require, and small businesses comprise of 99.7% of all businesses in the United States. The reason we are able to provide small businesses with the funding they require easily is due to the fact that our criteria are completely different from the banks criteria. Mentioned below here are the criteria that we have;
- The owner of the business should not be in personal bankruptcy
- The business should be at least 12 months old
- The business should be a running business
- The gross income of the business should be at least $10 thousand
These are the simple criteria that we have and most small business owners will be able to determine for themselves whether they qualify for the small business loans or not. As a result of the easy qualification criteria that we have the entire process is simpler and quicker as mentioned below here.
The processing time frames that we have are within 48 to a week and this is due to the fact that we do not require a lot of paper work. Typically, all we require in the way of paper work is 3 months business statements and the application form filled in. Banks on the other hand do require a mountain of paper work and this is due to their stringent qualification criteria.
Collateral is also something that we don’t require, and the reason for this is due to the fact that all our funding is unsecured or uncollateralized funding. This is a good feature for small businesses, as there are many small businesses who do not have the necessary collateral that banks require.
Credit scores are not a determining factor with us, and we do work with businesses whose credit scores may be damaged and very low as well. It’s not uncommon for us to work with businesses whose credit scores are in the low to mid 500s.
For more information related to the business financing that we provide, contact us. Our funding team will be available always on week days from 9 to 5 during regular work hours. Alternatively, if you wish to fill in the details yourself online, simply click on the ‘apply now’ tab and fill in your details there.
About the Author
This article was written by Dion James for Funding Easily, a private business loan provider. You can visit the Funding Easily website at www.fundingeasily.com, and can reach via our website.
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