Business Funding in Atlanta
Small businesses have a tough time obtaining business funding from banks. Banks have a number of strict criteria which result in about 90% of small business loan applications being rejected. However, private funders fill the void left by banks.
As a private funder Funding Easily provides loans for professionals as well as business loans with poor credit. In addition to these easy qualification parameters, we do not require collateral, security and personal guarantees. These are very important features for small business owners and self-employed professionals, as we understand most of them cannot meet many criteria set by banks.
There is a reason banks do not qualify small businesses quickly for loans, and this is due to their decades of experience in funding. While risks cannot be mitigated by looking at the credit score or tax returns, it does limit the number of applications that banks accept to a very small amount. These funding criteria are generally easily met by large businesses.
One of the options that private lenders offer is the merchant cash advance, and this is the quickest form of funding that any business can receive. With a merchant cash advance the qualification criteria are very simple and as follows; the business should be at least 12 months old, the minimum gross sale of the business should be at least $15 thousand, and the business owner should not be in bankruptcy at the time of applying.
Self-employed professionals are another category of small business owners who have a difficult time obtaining loans from banks. We do provide business loans for professionals as our qualification criteria are different and more than not qualify for loans.
If you would like to know more about a business loan contact us. Our funding team is experienced and will provide you with a perfect solution, as well as provide you with accurate information regarding the best option for your business.
We have worked with many businesses in Atlanta. Check out your options now