Business Funding in Portland
The city of Portland is the most populous in the state of Oregon, and as a result comprises of many small and medium sized business, which make up its economy. As always businesses require business funding periodically to be competitive and grow.
Generally, all small businesses require funding for things such as purchasing equipment, expanding their business, fulfilling obtained contracts and the list goes on. The funding required as stated by the needs of the business is within a fixed time frame for the money to be of use.
When small or medium sized businesses apply for a business loan to a bank, they generally encounter a long list of hurdles to begin with. Credit scores need to be tip top 700+, profit and loss statements need to paint a nice picture, deposits for the last year or possibly the last two should be consistent, sometimes personal financials of business owners is also required, and the list goes on. If within all the paper work the bank finds that any one of their numerous and stringent criteria are not being met, the application will be rejected.
Now on the other hand, there is a solution obviously for small and medium business owners. Business owners can apply for merchant cash advances in Portland and the application process is quick and easy. A business owner can now apply for a small business loan online and these loans can be processed with lightning speed. The quickest a business can receive the funds in their business account is as soon as 48 to 72 hours from the time of application.
In addition to that, there are also other features that make such quick business loans feasible and realistic for businesses. With a funder such as Funding Easily in Portland, a business does not require excellent credit, nor do they require personal guarantees or collateral. All a business needs to be to qualify for a business loan is with a gross income of over $15 thousand a month, and the age of the business needs to be over a year.
For more information about getting a business loan contact Funding Easily at the link provided below, and our funding specialists will assist you with all the information you require to successfully apply for a business loan.
Businesses in Portland simply love working with us. You too can join.