Loans for Business Owners
Business owners generally approach the bank for a business loan, and most are not aware of the requirements of the bank. There are a few points that we will point out right here, banks are not obligated to fund any business and banks prefer to fund big businesses and corporations.
There are ways to get business loans easily, so loans for business owners with poor credit makes a lot of sense if the business owner approaches a private lender, such as Funding Easily.
Not only do we provide business funding easily for small businesses, our criteria are completely different from banks. We have simple and realistic criteria which enables small business owners to easily apply and qualify for the funds they require.
The business needs to be at least 12 months old and running, the owner of the business should not preferably be in bankruptcy etc, and the gross income of the business needs to be at least $10 thousand a month.
In addition to this we do provide loans for business owners with bad credit as well. We have provided funding to many businesses whose credit scores are less than perfect and even in the mid-500s. And just to top it all off, we do not require collateral, security and personal guarantees. All these features make it very possible for small businesses to qualify for business loans.
Loans for Business Owners with Bad Credit
Banks have a very different list of criteria, which are easy for big businesses to qualify for. However, small businesses have very different dynamics to big businesses and they face a lot of problems meeting all the requirements of the bank. In addition to this the banks are not at all keen on funding small businesses because small businesses are viewed as a far higher investment risk.
Putting all this together there are also a number of other reasons why it makes sense for small businesses to apply for a private loan. Apart from the fact that private lenders such as Funding Easily are realistically the only ones who fund small business owners.
The quickest turnaround time that we have to provide loans to business owners is 48 to 72 hours. For more information contact us, our funding team will assist you with the information you require, and also with the application of the funding application.
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