How to get a business loan
There are many small businesses that wonder how to get a business loan, once their loan applications are rejected by the bank. The solution to this is simple enough, banks are not the only ones who fund businesses. In fact the reality of the situation is that banks reject more applications than they approve, about 90% of applications are rejected. So if your application was rejected by the bank its nothing to worry about.
Funding Easily is one of the premier funding companies in the US. We provide getting a business loan to countless small and medium sized businesses every year. The reason we are able to fund small businesses when banks reject their applications is because our criteria to give funding is very different from the banks.
The criteria of the banks is simple, they are not keen on funding small businesses and as a result the criteria they have in place is tough for small businesses to qualify for how can i get a business loan. Some of those criteria are a high credit score of at least 700, in addition to this the applicants business must prove its profitable and financially healthy. To reach a conclusion whether the applicants business is healthy or not, banks require a lot of documentation which they use to reach a conclusion whether to fund or not.
How can i get a business loan
We understand that small businesses looking for can i get a business loan are most probably not running a perfect business, and are not looking for a loan as a reward for having a perfectly profitable enterprise. Most small businesses require business funding for activities such as working capital, expansion of the business, equipment, inventory etc.
Our criteria for how to get a business loan is simple, and as follows; the business needs to be at least 12 months old, the owner of the business should not be in bankruptcy, the business gross monthly income needs to be at least $15 thousand. In addition to this the credit score of the business owner is not the most important aspect, and we do work with credit scores that are below average, in the mid-500s.
Contact us for more information related to loans for small businesses, our funding team will provide you with assistance in the way of information as well as filling in your loan application.
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