Business Loans for Camera Store
When a camera shop owner decides to get a business loans for camera store, like any normal small or medium sized business owner he will approach his bank. However, what most don’t know is that most banks are not looking actively to fund small or medium sized businesses. Banks consider small or medium sized businesses to be high risk businesses.
To protect their investments banks have very strict qualifying criteria, these criteria generally result in approximately 90% of all business loan applications to them being rejected. The criteria that banks have is strict and based on all or most of the bad experiences, related to loss of investments that banks have faced over the last few decades, and the solutions to those problems in the way of qualification criteria.
These are not problems that small and medium sized business owners face when they are looking for business funding with a private lender. Typically, a company such as Funding Easily is very friendly to small and medium sized businesses as well.
We do not require any guarantees, collateral, or security, whereas on the other hand banks most definitely do.A credit score that is not even average will qualify a small business owner with us, however a bank does require a credit score over 700.
We understand the requirements of small business owners who are looking for funding. The funds are generally required for equipment, expansion of the business, advertising, inventory and other purposes such as that. To ensure that the funds are of use to the business owners, we also try to always process the applications in record time.
The quickest we can deposit the funds into the business account after receiving the application is 48 to 72 hours, and the latest is within a month. Banks on the other hand take 2 to 6 months because they don’t care about funding small businesses at all in reality.
Contact us for more information about business funding for camera store. Our funding team will provide you with all the information you are looking for, and assist you with your funding application as well if required.
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