Business Funding in Wichita
There are many small businesses that require business funding for various reasons such as equipment, working capital, expansion of their business, inventory, and so on. Most small businesses visit their local banks when they are looking for a loan, only to learn that banks are not very eager to fund small businesses.
Funding Easily is one of the premier private lenders, and we provide merchant cash advances to thousands of small businesses every year. Our requirements from small businesses are very different from those of banks. Following here are our requirements; the business needs to be over 12 months old, the gross sales of the business should be at least $15 thousand and the owner of the business should not be in bankruptcy.
There are many differences between bank funding and private funding, some of those differences you will read of here. Typically, the time frames that we take to process a business loan application is at the quickest 48 to 72 hours from the time of receiving the application, and at the latest a month. Banks on the other hand take 2 to 6 months to do the same.
We also provide business loans with poor credit, this is something that banks never do. Typically, a bank will not work with a file whose credit score is less than 700, on the other hand we can and often do work with credit scores that are in the mid-500s.
Another area where we provide loans is business loans for professionals. This is another area where banks are vary, for the simple reason they find this to be a high risk investment, with the potential of losing their investment. Funding Easily provides loans for professionals with little or no hassle at all, as long as they meet our basic criteria.
There are a lot of differences between the funding we provide and bank funding, particularly in the approval area. More information related to funding can be obtained by contacting us, our funding team will assist you with the information you require, and assist you with the application of your loan.
many businesses in Wichita trust us with their funding matters. You can also try us out.