Business Funding in Virginia Beach
For a small business owner there are various options available for business funding, however some of them work out and some of them don’t. Typically, banks are not much in favor of funding small and medium sized businesses. The reason for this hesitation is because small businesses are considered to be high risk investments.
Private lenders on the other hand have a completely different perspective of funding, and easily fund small businesses with merchant cash advance. The requirements here are simple, the business needs to be at least 12 months old, and the minimum gross sales of the business needs to be at least $15 thousand or over. Also the owner of the business should not be in active bankruptcy at the time.
We also provide business loans for professionals which are designed to provide self-employed professionals with the freedom they require to expand and grow their business. Generally, self-employed professionals face a few problems when they apply for a conventional loan.
We do not require collateral security and personal guarantees of any kind, which makes the process of loans for professionals simple and realistic. There are numerous features that are different between bank loans and the loans Funding Easily provides.
We do not require excellent credit scores, and can work with a credit score in the mid-500s, banks on the other hand will not entertain an application with a credit score of less than 700. What we do require is as follows; the duration of the business needs to be at least 12 months, the minimum gross sale needs to be $15 thousand and the owner of the business should not be in active bankruptcy at the time.
If your credit score is poor, that is not a problem with Funding Easily. We do provide business loans with poor credit also. Poor credit is something that a lot of small businesses have, and this does not mean that they do not require a business loan.
Contact us and our funding team will provide you with additional information regarding the application process, or will assist you with the application process.
We have worked with many businesses in Virginia Beach. Check out your options now