Getting a quick business loan is not difficult, and the banks do not provide these, however we do. Funding Easily is a private lender and we provide business loans New York to numerous small and medium sized businesses. The application procedure that we have is simple and uncomplicated, and we process the paper work quickly. Banks on the other hand are not so keen on funding small businesses to begin with, and consider small businesses to be high risk investments. As a result approximately 90% of all small business loan applications are rejected.
As a private lender Funding Easily is one of the more popular private funding companies. We provide small businesses with business loans in New York in a convenient and easy manner. Our criteria are simple and are mentioned below here for you to understand what you need to qualify.
- The owner of the small business should not be in any form of active bankruptcy the time of the loan application.
- The business needs to be at least 12 months old, and a running business. We do not provide start-up capital.
- The gross sales of the business need to be at least $10 thousand a month.
These are all the criteria that we have, and these are a lot less than those of banks and other financial institutions. As a result numerous small business owners are able to obtain the loans they require simply and quickly.
The processing time that we have for small business loans is very quick, we are able to at the quickest provide small businesses with the funding in their business accounts in as little as 48 to 72 hours. At the latest these time frames will be 7 to 10 days. Banks on the other hand have time frames that are a couple of months, and are never in a hurry to provide business funding.
We do not require collateral and security to provide the funding as our loans are uncollateralized loans. This is a handy feature for many small businesses, as there are many who do not have the collateral required. On the other hand banks do require collateral and security when funding small businesses, as banks do not provide uncollateralized loans.
Credit scores are another region where we are not stringent. We work with credit scores that are in the low and mid-500s, and we fund them as well. Banks would prefer the applicants credit score to be in the 700s to fund them. Typically, banks will not entertain applications where the credit scores are low or even average.
For more information related to the quick business loans contact us. Our customer service team will provide you with the additional information you require, and also assist you with the application form. On the other hand you can click on the ‘get started’ tab and fill in the form yourself online.