Business Funding in Aurora
For small businesses that are hoping to acquire a business loan, the natural first choice is the bank. However, most small business owners are surprised to learn that their banks are not keen on funding them. The reason for this is simple, banks view small businesses as a high risk investment.
Funding Easily is a private funder who provides merchant cash advance loans to small and medium sized businesses, as well as self-employed professionals. Our qualification criteria is very different from banks and are as follows; the business needs to be at least 12 months old and active, the gross income of the business needs to be at least $15 thousand, and the owner of the business should not be in active bankruptcy.
We also provide business loans with poor credit, as we understand that all those who require loans do not always possess the best credit. Typically, banks require a credit score of 700 to entertain an application for a loan. On the other hand, we work with small businesses whose credit scores are below average as well, in the mid-500s. As long as a small business meets the criteria mentioned above, they can easily be approved for a business loan.
Self-employed professionals generally have a tough time obtaining the loans they require, for the simple reason that they are considered to be a risky investment from the banks perspective. Funding Easily does not view them so and we do provide business loans for professionals.
The general purpose of business funding is for professionals who require working capital, inventory, equipment, to expand their business, advertising etc. These are the primary reasons. Most small business owners require such funding regularly, and we do provide thousands of loans for professionals every year.
For more information related to getting a small business loan, contact us and our funding team will provide you with the information you require, and assist you with the application process if required.
Aurora is fast becoming a hot spot for businesses. You too can take advantage.