For small businesses owners looking for business finance for their companies, we know what you are looking for. The funding options that we have are designed to provide solutions for small businesses. Many small businesses hope to get finance for business from the bank, and they are soon to realize that banks are not keen on funding small businesses. Banks consider small businesses to be a high risk investment.
Funding Easily is one of the popular business financing companies in the market, and we do provide small businesses with the funding they require. We do this because our qualification criteria are completely different from those of banks. Typically, banks have very stringent qualification criteria, which makes it difficult for small businesses to qualify. Our qualification criteria are mentioned below;
- The business owner should not be in any form of bankruptcy at the time of the loan application to us.
- The business must be at least 12 months old, and a running business at the time of the loan application.
- The minimum gross income of the business should be at least $10 thousand every month. This is before taxes and other expenses.
These are fairly simple qualification criteria, and most small businesses are able to meet these criteria without much problem.
Some of the other features that make the business financing options we provide accessible for small businesses is the fact that we do not require high credit scores to approve your application. We work with businesses whose credit scores are in the mid-500s and fund them also. Banks on the other hand will not consider applications whose credit scores are not above average.
We do not ask for collateral and security, as our loans are ‘unsecured loans’. However, banks do not provide unsecured loans easily, and most likely a small business will not get an unsecured loan from the bank.
We provide fast business finance. Our processing time frames are very quick for business loans, and typically we are able to provide you with the funding you require within 48 to 72 working hours.
Funding Easily is one of the popular finance companies that provides loans to small businesses. For more information related to getting business finance, contact us. Alternatively, you can click on the ‘get started’ tab and fill in the loan application yourself.