Business Funding New York
With a number of new lenders available in the market, there are numerous business funding New York that are able to now finance that new project or invest in that expansion that they find necessary. Numerous businesses need equipment, especially businesses such as trucking agencies, manufacturing and numerous other categories of businesses that are too many to mention.
Considering that now most banks approve about only 10% of the overall loan applications that they receive, there is a vast majority of businesses that are out of luck with banks business funding New York. In most cases banks are willing to loan money to businesses that are so financially secure that they wouldn’t really need the loan at all. At least that is the kind of paper work that banks are looking for.
In a global business capital such as business funding New York there are businesses that often have financial requirements that are almost instant. These businesses require quick funding; another problem they face with banks is the processing time, which can run into months in many cases. Such a time frame does not always work for many who are searching for business funding New York.
This is where we come in, for business that is seeking business funding New York. There are numerous other features that are associated with the loans that make these a more reliable option. Some of the noteworthy features which make businesses eligible for the funding are, no collateral, no security and no personal guarantees.
These exemptions from standardized small business loans New York norms enable many other businesses that can really use the money to benefit greatly. In certain cases businesses that manage to secure excellent contracts are unable to fulfill those contracts because they are unable to obtain the funding. This is no longer the case, if you have an excellent project or need equipment or just requires funds for working capital, contact us. We will provide you with the solution that you require to make your project happen.
Small Business Loans New York
Small businesses require small business loans New York for various purposes, however many small business owners are not aware that banks are not keen on funding small businesses. The primary reason why banks are not keen on funding small business is due to the fact that they consider small business loans a high risk investment.
As a private lender however, Funding Easily provides numerous loans to small and medium sized businesses, and the reason we are able to do this is because our criteria are very different from the banks. Typically, banks require things such as a high credit score, and will not entertain an application whose credit score is not in the vicinity of 700 small business loans New York. In addition to this bank also need to estimate the overall financial stability of the small business, and most small business fail to establish to the bank their financial stability stretching back for a fixed period of time.
Funding Easily provides small businesses with small business loans New York without much problem. Our criteria are very different from the banks which enable small business owners to easily qualify for the financing they require, and also obtain the funds.
Mentioned here are the basic criteria that we have to qualify a small business for the financing they require, as follows Business Loans in New York. The business owner should not be in bankruptcy at the time of the loan application, the business needs to be at least 12 months old and active during the last 12 months, and the gross income of the business needs to be at least $10k. These are the basic criteria that we have, enabling most small business to qualify for the financing, which is very different from the criteria of banks.
There are other features that are associated with the funding that we provide. For example we do not require collateral, security and personal guarantees; this is something that most banks do require regardless, to secure their investment. Also to provide Business Loans New York we do not require a high credit score, and often work with and fund businesses whose credit scores are in the mid-500s.
Business Loans New York
You can obtain more information regarding a small business loans New York by contacting us. Our funding team will assist you with the information you require, and in addition to that they will also assist you with the filling in of an application if required. Alternatively, you can fill in the easy application yourself online in a minute, just click on the ‘get started’ tab and fill in the six fields required.
Getting business funding New York or any other city for that matter may not be the easiest thing in the world, if a small business owner approaches the bank. There are many reasons for this, however it can be summarized that banks are not keen on funding small businesses, as they are considered high risk investments for banks.
As a private lender, there are many differences that we can point out between the funding we provide and the funding that is provided by the banks. Mentioned here are some of the top points that small business owners should know Merchant Cash Advances in New York. Banks require a high credit score to entertain an application, typically the credit score that banks require is close to 700. In addition to this they also require strong financial statements stretching back for a while to convince them that the business in question is stable etc.
Funding Easily on the other hand does work with and even provides funds to businesses whose credit scores are in the mid-500s. In addition to this there are other features which that make the loans we provide less troublesome for small business owners. The criteria that we require for business funding New York are mentioned as follows; The owner of the business should not be in active bankruptcy at the time of the application of the loan, in addition to this the owner of the business should not be in bankruptcy at the time of the application. Finally, the gross income of the business needs to be at least $10 thousand a month.
The criteria that we have for small business loans New York are simple and most small business owners are able to qualify for them with ease, and receive the funding they require. Another features worth mentioning which is a real concern to many small business owners is the credit score. We often work with and provide funding to small businesses whose credit scores are in the mid-500s.
For more information related to a business funding New York do contact us, our funding team will provide you with the information you require related to the funding. Alternatively, we do suggest that you click on the ‘get started’ tab and fill in the easy and simple application form.
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