There are numerous small business who are looking for business loans, but unfortunately their credit scores don’t support them. We provide business loans in San Antonio to small businesses with bad credit scores. Banks do not provide loans to small businesses with bad credit scores. Also, banks do not like to provide loans to small businesses at all, because small businesses are considered to be a high risk investment for the banks. As a result of all the hang ups banks have, over 90% of all small business loan applications are rejected.
As a private lender, Funding Easily is one of the more popular funders amongst the small business lenders. We provide small businesses with small business loans San Antonio region, in a hassle free and user friendly manner. Our criteria are reasonable for small businesses to qualify for, and are mentioned below here;
- The business must be at least 12 months old and a running business at the time of the application.
- The owner of the business should not be in any form of active bankruptcy during the application period.
- The business gross income needs to be at least $10 thousand a month, or over that amount.
These are the simple and reasonable criteria that we have, and these criteria enable most small businesses to qualify for the funding without much trouble.
The processing time that we take to provide small businesses with the funding is also very quick. After receiving the complete application form, we can deposit the funding into the business account in 48 to 72 hours at the earliest, and at the latest we process it in a week to 10 days. Banks on the other hand do not provide funding so quickly, and generally take a couple of months to do the same at least, and at the most only the bank can say.
Also, we do not require collateral and security to provide you with the business funding with bad credit that you require. This is a very positive point for small businesses, and most small businesses find it difficult to provide collateral and security. Our loans are uncollateralized loans and as a result we do not ask for it. Banks on the other hand do always require collateral and security to secure the funding they are providing.
Additionally, we do not require high credit scores, one of the biggest limiting factors with banks. We are able to assess the risk factors associated with the business based on our basic criteria. Banks on the other hand have a completely different set of criteria, and their procedures are different at as well. With the banks their credit scores are a must, and they would prefer to work with businesses whose credit scores are always around 700ish.
For more information related to the quick business loans contact us. Our San Antonio team will provide you with the assistance you require, and also assist you with the filling in of the application. Alternatively, you can click on the ‘apply now’ tab and fill in your details there.