Business Loans for Dry Cleaners
Dry cleaners who are looking for business funding are now in luck, there was a time when any small businesses would have a tough time acquiring the funds they required. However, those times have evolved and now there are many alternative options than just approaching a bank.
Typically, banks do not like to fund small businesses because they want to protect their investments, and the general consensus is that small businesses do not make secure investment options. For this reason small businesses find it very hard to secure a loan from the bank.
Realistically small businesses who go to banks for loans find that most of the time they are turned down sooner or later. This is due to the fact that banks end up rejecting about 90% of all small business loan applications that they receive.
Now however merchant cash advance for dry cleaners is available. The biggest advantage of MCA loans is that they are quick to be approved and the entire processing time frames are very quick, in addition to this the paper work is simple and so are the criteria to qualify for the funding. The quickest a loan can be processed and the money delivered into the business account is 48 to 72 hours.
Typically, for private funding a small business like a dry cleaner does not need to much to qualify. They need to be in business for at least 12 months at least, and they need to have a gross monthly sale of at least $15 thousand. Apart from this the business owner should not be in active bankruptcy.
For a small business like a dry cleaner getting the necessary funding they require, be it for working capital, equipment, expansion, or inventory etc. is very possible. Now specifically business funding for dry cleaner is offered by Funding Easily as a category.
If you are a dry cleaner and are looking for funding for your business then get in touch with us via our contact page. Our funding team will provide you with all the information that you require, and will assist you with the filling in of your application form if necessary.
Dry Cleaners are our main clientele. Check out your options now