Cash Advance Phoenix
here are numerous small businesses who require business loans and many of them have visited their local banks and been rejected. We provide cash advance Phoenix loans to small businesses, and we ensure that the business owner has a user friendly and hassle free experience. Banks on the other hand are keener on funding big businesses, as a result 90% of all small business loan applications are rejected.
As private funders we provide small businesses with the funding they require, and this is due to the fact that our criteria are very different from those of banks. As we stated banks are not keen on funding small businesses and as a result their criteria to provide loans is very stringent and not designed for small businesses. Our criteria to provide cash advance loans Phoenix are different and as mentioned below here.
- The owner of the business must not be in any form of active bankruptcy at the time of the loan application.
- The business needs to be at least 12 months old and a running business.
- The gross income of the business needs to be at least $10 thousand a month.
That is all our criteria are, and these are very simple. As a result of our simple criteria most small businesses have absolutely no problem qualifying for the funding they require. Banks on the other hand do not like to fund small businesses as they are considered to be high risk investments. As a result bank criteria are more suitable for big businesses and corporations.
Cash Advance Loans in Phoenix
We do not require high credit scores also for small businesses to qualify for the cash advance in Phoenix, we often work with businesses whose credit scores are below average and in the mid-500s. As is a well-known fact banks do not work with businesses who credit scores are not above average, and preferably in the 700s.
Additionally we do not also require collateral, security and personal guarantees from small businesses. The reason for this is because our loans are uncollateralized loans. Banks on the other hand, apart from not being in favor of funding small businesses, do not provide small businesses with uncollateralized loans.
Our processing time frames are also very quick, and we can provide a small business with the funding they require in a matter of 48 to 72 hours at the earliest. This can be extremely convenient for many small businesses.
For more information related to cash advance loans in Phoenix contact us. Our funding team will provide you with all the information you require and assist you with the filling of the application. On the other hand you can click on the ‘apply now’ tab and fill in the details yourself.
Businesses in Phoenix know us very well . Check out your options now