Retail Business Loans

Retail business loans who require quick funding need to only look as far as Funding Easily. We can get you that funding in as little as 48 to 72 hours. There are some excellent advantages when it comes to applying for business funding or business loans that we will tell you about here:

retail business loans

1. No collateral

2. No security

 3. No personal guarantees

4. Bad credit, no problem

Requirements

1. Your business needs to be at least one year old

2. Your gross monthly income needs to be at least 10k

Generally the amount a retail business loans will qualify for without any problems is equivalent to one to two months gross sales. However, this is not a rule and even if a business requires more or less than a month’s gross sale. We will be able to provide them with that.

If you are a retailer and are looking for a retail business loans or funding, contact us via our contact page. We will provide you with the most sensible solution for your business.

The advantages of getting a loan from a private lender

There are many advantages of getting the Instant Small Business Loans one requires from a private lender. And these are related to the realistic parameters that private lenders such as, put in place for lending. Typically, Funding Easily does not close its doors to lending to small business owners and we do not consider them to be high risk investments.

The modern economy is a fast paced economy, and small businesses are the ones who make up most of the economy today. As a result of the economy being fast paced, there are many opportunities that are available for competing small businesses. That are available for only a very short period of time, or a limited period of time. When these opportunities come up, a small business who had not planned on a retail business loans may require one very quickly.

Now, this is just one scenario, there are many other scenarios such as this where small business suddenly realize they need a business loan.

Why banks do not lend easily to small businesses

Why banks are not keen on lending to small businesses is because they are not keen on doing so. The actual reasons are due to the fact that banks have been in business for a very long time, far longer than private funders. As a result of this, banks have a lot more experience over the last few decades lending to various business sectors.

A bank would refer to its experience when processing an application for a retail business loans and have formulated criteria. These are the lending policies of banks. According to these policies banks now prefer to lend to big businesses, as big businesses meet the expectation of banks. These circumstances can and do affect the repayment capabilities of the small business, and banks know this. As a result banks have reservations when it comes to funding small businesses with retail business loans in USA.

These are realities of a loan application with the bank, and this has got everything to do with their policies. Even if a bank wants to speed up the process. They would first need to change their policies, which is unreasonable to expect.

The turnaround time for private lenders to provide retail business loans, is short for the simple reason our policies are different. The difference of policies are due to the current needs of small businesses and the needs of the current financial markets. Our turnaround time is at the quickest 48 to 72 hours for a merchant cash advance. This is because our requirements are different, we don’t require collateral, security and personal guarantees.

Due to the fact that our requirements are different the overall time taken to process an application is also far shorter.

Criteria and difference in criteria of banks and private lenders

There is a vast difference in the requirements of banks and private lenders such as us when it comes to criteria. Banks require many criteria to be met and this results in much required paper work. Considering that they have criteria that are strict and need to be met before they proceed to the next step.

Banks are not concern with the time frames of the customer. They are focus on ensuring that they are not making a mistake when providing a retail business loans US. To do this they need to be sure about their decisions are based on the overall requirements that their policies state. If it takes time, that is not a problem with the bank.

A bank requires a high credit score, typically close to or above 700 on an average to provide retail business loans. If an applicant’s credit score is not up to par with the requirements of the bank. In addition to this the bank does want to see strong deposits, and a profitable business. 

Its features like this that uncomplicated the entire review process that a private lender has, and makes it easy for small businesses with bad credit, no collateral and not very profitable businesses to get loans. Alternatively, you can contact us and our funding team will assist you with more information and assist you with the filling of the application form.

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We specialize in working with retail businesses. Check out your options now