Business Funding in Arlington
Small business owners who are looking for business loans mostly approach their local banks, where they maintain their business accounts. However, most are surprised to learn that their bank has denied them the loan. The reasons for this are many, primarily being that banks are not in favor of funding small businesses for a number of reasons. The primary reason for not funding small businesses is the risk factor associated with funding small businesses, according to banks.
Funding Easily is a private lender, and we provide merchant cash advances to small businesses with easy qualification criteria. Our criteria are as follows; the business needs to be at least 1 year old or 12 months, the gross monthly sale of the business needs to be $15 thousand or over, and the owner of the business should not be in bankruptcy.
We offer business loans for professionals and business loans with poor credit and our time frames for funding are also very quick. Typically we can work with a business credit score which is below average, and anything in the mid-500s will do. Banks on the other hand will not work with a credit score less than 700.
Our time frames in comparison to the banks are as follows. We can at the quickest process the loan within 48 to 72 hours of receiving the application and documents required, the bank will take 2 to 6 months.
Self-employed professionals are looked upon as a particularly risky group to fund for banks, as the professionals entire business success depends on their personal ability to work. As a result most banks are closed to the idea of loans for professionals. We on the other hand are not averse to providing funding to professionals such as carpenters, plumbers, electricians, roofing contractors etc.
You can contact us for more information related to the funding options available with us. Our funding team will provide you with information and also support related to the filling in the application form.
We will provide the funds as and when you need . Check out your options now