Quick Small Business Loans
Small business owners who are searching for quick small business loans for their business may be under the impression that their credit score has a lot to do with the loan. This is not correct now, because we provide quick small business loans to thousands of small businesses every year.
The ones who have an issue with credit scores are the banks. Traditionally, banks use the credit score as a part of their business parameters to finance businesses. The reason banks use such parameters is because banks are very concerned about the security of their investment, and would rather fund large businesses, corporations and multinational organizations.
Quick Business Loans
The difference in the parameters between banks and a private lender such as us is vast. We do not require excellent credit scores, and often work with credit scores that are below average or in the mid-500s. In addition to this our primary criteria to provide quick business loans online are mentioned as follows; The business should be at least 12 months old and running, the owner of the business should not be in bankruptcy etc, and the gross income of the business needs to be at least $10 thousand.
In addition to these criteria, there are other features which makes the process of getting approved for a loan easier. We do not require collateral, security and personal guarantees. This is a feature associated with the quick business loans bad credit that we provide small business owners.
Banks on the other hand do not simply give away quick small business loans to businesses without doing thorough checks and double checks to ensure that all is in order according to their parameters and criteria. The criteria of banks is very stringent to begin with and most small businesses struggle to meet those. On the other hand most businesses who are capable of meeting our easy criteria, by in large qualify for the funding as well.
Contact us for more information small business financing related to the funding options available for your business. Our funding team will assist you with information and filling the application form if required.
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