There are numerous small business owners who are looking for unsecured business funding, and we provide them with that easily and without any hassle. The generic amount that small business owners are looking for is around about $15 thousand to $25 thousand, however the requirements do go up to over a $100 thousand also, which is not rare. We do fund them all in the same hassle free and quick manner. The only request that we have is that the business owner be ‘decided’ before they apply for the funding.
Banks do not provide funding to small businesses so easily anymore, and the reason for this is because they consider small businesses to be ‘high risk investments’. As a result of this over 90% of all small business funding applications are rejected by the banks.
We provide small businesses with the fast unsecured business loans that they require, and our qualification criteria are completely different from those of the banks. Small businesses make up 99.7% of the overall number of businesses in the United States and as a result the bulk of the economy.
Mentioned below here are our qualification criteria;
- The owner of the business should not be in active bankruptcy
- The business should be at least 12 months old
- The business gross should be at least $10 thousand or over
- The business should be a running business.
These are the simple qualification criteria that we have, and looking at these any small business owner will be able to determine whether they qualify for the funding. Additionally, there are other benefits due to the simple qualification criteria that we have, which are also mentioned below.
The processing time frames that we have are exceptionally quick, and typically we can deliver the funding to the small business within 48 hours also. Generally, we take a week to ten days to process the application and provide the funding. Banks on the other hand do take a lot longer than this, and will require anywhere from a couple of months to over that. The reason banks take more time is due to their extensive paper work process which is a result of their stringent qualification criteria.
The credit scores of the business also do not make much of a difference to us, as this is not a part of our qualification criteria. We work with and fund small businesses whose credit scores are in the low to mid 500s and do provide them with business funding with bad credit as well. Banks do not work with small businesses whose credit scores are less than in the 700s.
Collateral is something else that we do not ask for, and that is because our funding is unsecured or uncollateralized. This is a good feature for many small business owners, who do not require collateral to get funding. Typically, the banks and other financial institutions require funding that is valued at double of the loan they are applying for.
For more information related to the loans for business owners that we provide contact us. Our funding team is available during regular week days, and during regular work hours. Alternatively, if you wish to fill the form yourself online, simply click on the ‘apply now’ tab and fill in your details there itself.