Business Funding in Cleveland
Small business owners generally visit their bank when they require business funding. However, most are surprised when their local bank rejects their loan application. There is a reason for this which is, banks are not keen on funding small businesses because they consider it a high risk investment.
Funding Easily is one of the premier private lenders today, and we provide merchant cash advances to small and medium sized businesses. This is a convenient and quick form of funding for small and medium sized businesses. The quickest we can provide the money into your business account is as quickly as 48 to 72 hours, banks on the other hand take far longer and this time generally runs into months.
Our criteria are simple, and are as follows; the business needs to be at least 12 months old and the gross sales should be at least $15 thousand a month. In addition to this the owner of the business should not be in bankruptcy.
There is a large difference between a bank loan and a loan via a private lender such as Funding Easily. One of the primary differences is in the credit score, and banks require a credit score which is over 700 to entertain the business funding application. We do not work primarily with credit scores and a below average credit score in the mid-500s will do.
We provide business loans for professionals and business loans with poor credit, this ensures that professionals who face a tougher time obtaining a business loan are able to do so with ease. Banks are not much in favor of funding self-employed professionals because they are also considered to be high risk investments by banks.
Funding Easily does however provide loans for professionals such as electricians, plumbers, carpenters etc. This ensures that they are able to obtain the funding they require for purposes such as working capital, equipment, inventory, advertising, expansion of business etc.
Contact us for more information, our funding team will be happy to provide you with the information you require, in addition to that they will help you with the filling of your application if required.
Many of our past clients are based in Cleveland. You too can check your options