Business Funding in Tulsa
There are numerous small businesses that require business funding, and most of these visit their banks when they require it. However, what they are mostly unaware of is that banks are not keen to providing funding to small and medium sized businesses. In fact banks reject approximately 90% of all small business applications.
As a private lender, Funding Easily provides merchant cash advance loans for small businesses and business loans for professionals as well. Self-employed professionals also face challenge so braining funding from banks in most cases, and this is largely due to the criteria of banks. The criteria of banks include pristine records, with bank statements reflecting healthy deposits, ending balances, good profit and loss statements, good personal financials of the business owner, healthy tax returns and a credit score of at least 700. These are some of the requirements, if the bank however finds any grounds on which the application can be rejected however, it is.
We have a different list of criteria when providing loans for professionals, and these are as follows; the business needs to be 12 months old or over, the owner of the business should not be in bankruptcy, the gross monthly income of the business needs to be $15 thousand or over at least. Also the owner of the business should not be in active bankruptcy. For us below average credit is not a limiting factor, and unlike banks we do provide business loans with poor credit as low as in the mid-500s.
Our loans for professionals reprocessed quickly as well, and again here there are major differences between bank funding and our funding. The quickest we can process an application and deliver the funds into the business account is in 48 to 72 hours. On the other hand, banks are known for dragging their feet with this and processing application in about 2 to 6 months.
You can contact us for more information regarding the applications process or how to obtain a business loan from us. Our funding team will provide you and with the information you require, and assist you with the application if necessary.
Additional funding is the lifeline of small businesss. Check out what is available.