Fast Business Funding
There are numerous businesses that are looking for fast business funding, and many of them visit their local banks. Most applications are rejected with the banks, almost 90% are rejected. The reason banks reject small business funding applications is because these are considered to be high risk investments by the banks.
Funding Easily is a private funding company and unlike banks we do not deny most small businesses the fast business funding they require. Our qualification criteria is completely different from those of banks, and are mentioned below as follows.
- The owner of the business should not be in 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. This is before taxes and other deductions.
The qualification criteria that we have for fast business funding that we provide small businesses with is designed to be easy to qualify for. Banks on the other hand have very stringent qualification criteria, and these are extremely difficult for most small businesses to meet, hence the high rejection ratio.
Small Business Funding
To provide you with a business loan funding we do not require high credit scores, and in fact work with credit scores that are in the mid-500s also. Our qualification criteria are not dependent on the credit scores of small businesses. The reason for this is we are able to judge the risk factor of the applicants business based on the criteria we have already in place. Here again, banks will never fund a business with credit scores that are average or ever below average. Banks generally look for credit scores that are as high as possible.
Other advantages that we offer small businesses is the fact that we do not require, collateral or security for funding your business. Banks on the other hand always require collateral to fund your business, and the reason of this is to secure the funds that they are investing.
To know more about the easy business loans that we provide, contact us. Our funding team will provide you with all the information you require, and in addition to this they will also assist you to apply for fast business funding if required. Alternatively you can click on the ‘get started’ tab and fill in the easy application form by yourself.