Cash Advance USA
There are thousands of small and medium sized business that require cash advance USA for various purposes. However owners are not aware of the fact that most banks are not keen on providing small businesses with financing.
Working with cash advance USA such as different from a bank we provide cash advance to numerous businesses. The reason we are able to provide cash advances USA to businesses is because our qualification criteria are very different.
Loan qualification criteria of banks are design to discourage small businesses from applying for the cash advance USA. As banks consider funding small businesses to be a high risk activity, they would rather not instead fund big businesses. The requirements that banks have is a high credit score, at least 700 or over. The financial statements of the business should paint a pretty picture of the profitability and the stability of the business. These criteria are generally set for big businesses corporations, they are generally able to meet the requirements of banks. Most small business cash advance applications to the bank are rejected, about 90% of all applications.
Our qualification criteria for cash advance USA, are simple and as follows; the owner of the business should not be in any form of active bankruptcy at the time of loan application. Small business should be at least one year old, and running at the time of the application. Finally, the gross income of the business needs to be at least or in excess of $10 thousand a month.
Cash Advance America
Some of the other features that are associate with the loan process that are of interest to small business owners. Funding Easily do not require a high credit score unlike banks who will out-rightly reject a loan application from an applicant whose credit score is less than 700. Funding Easily work with credit scores that are below average often, and those whose scores are in the mid-500s. Our funding is base on our criteria and not on the credit score of the business, as credit scores are affect by many factors and not just the business ethics of the business owner.
In addition to this we do not also require personal guarantees, collateral for the cash advance America or any form of security from the business owner. Banks on the other hand do require every form of security to secure the funding that they are lending out. This is normal and standard procedure for a bank, and there are no exceptions to the rule.
Time frames that a private lender such as us take, in comparison to those taken by banks are also vastly different. Banks require a lot of paper work and when one puts in an application, it’s about being approve, based on the stringent qualification parameters.
Banks are not concern with the time frames associate with the funding of a cash advance America. On the contrary banks are more concerned with the security of their loan or investment, and they will take their time to determine this.
Time frames associated with business funding
As a private lender, our requirements to provide cash advance USA are different and we are able to work through the application process easily and far quicker than banks due to this. Since, our method of evaluating the risks associated with funding business is completely different, we are able to approve an application at the quickest within 48 to 72 hours. Generally, the average time that a small business can expect for the loan application to processed is a couple of weeks.
Typically, most small businesses who require loans require them because they need the extra funds cash advance America. This is where a conflict of interests arises with the banks. Banks find healthy and profitable businesses to be the best choice for giving loans to cash advance America. However, as we know well businesses that are doing well and are highly profitable, do not require cash advance USA.
Contact us for more information regarding instant small business loans. Our funding team will provide you with the additional information you require. In addition to this if you require assistance filling in the online form of assistance related to the funding.
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