There are numerous small businesses that require business funding New York and we provide them with that. The funding that we provide is hassle free and quick for small and medium sized businesses, and obtaining the funding is not a problem at all. However, we do advise small and medium sized businesses about being clear and decided on the next course of action for their business. The reason for this is simple, clearly thought through business decisions are better than a vague idea of what one hopes to achieve. Small businesses make up the spine of the economy and we would like to ensure that all small businesses are healthy and stable.
Banks do not like to fund small businesses as they consider them to be ‘high risk investments’ and due to this they have very stringent qualification criteria in place for such small businesses. As a result of the stringent qualification criteria, most small businesses are unable to make the cut, and as a result over 90% of all small business loan applications are rejected.
We fund small and medium sized businesses and our qualification criteria are reasonable and practical for small businesses, as you will read below. Mentioned below here are our qualification criteria, and based on these any small or medium sized business owner can ascertain for themselves, whether they qualify or not for the funding.
• The owner of the business must not be in any form of active bankruptcy at the time of the loan application.
• The business gross needs to be at least $10 thousand or over that amount in a month.
• The age of the business needs to be at least 12 months old, and it should also be a running business.
Now these are the very strait forward and simple criteria that we have, and most small businesses are able to qualify for the funding that we provide. Also mentioned below here are all the additional things we do not require and these make the entire process hassle free and simple for small businesses.
Credit Scores Are Something That We Do Not Require To Provide Small And Medium Sized Businesses With A Cash Advance New York. We Often Work With Small And Medium Sized Businesses Whose Credit Scores Are In The Low To Mid-500s, And We Do Fund Them. Banks And Other Financial Institutions Will Not Work With Credit Scores That Are Less Than Perfect, And Would Rather Prefer To Work With Credit Scores That Are Above 700 If Possible. Such Demands Of High Credit Scores Can Be A Bit Much For Small Businesses, Many Of Whom Do Not Possess Such Scores.
The processing time frames that we have are also very quick, and we are able to provide the cash advance in New York to small businesses within a matter of hours literally. The quickest we can provide small businesses with the funding that they require is within a matter of 48 to 72 hours from the time of the loan application. At the most we would take about a week to ten days, not over that period of time. Banks and financial institutions are in no real hurry and will take a couple of months to do the same at the least, if they don’t reject the application along the way.
We also do provide uncollateralized and quick small business loans to small and medium sized businesses. In fact all the funding that we provide is uncollateralized, however banks and financial institutions will not and do not do this. Small businesses are considered to be ‘high risk’ for many as standards procedure, and unsecured loans is not the way to go for them with small businesses. The fact that we do not require collateral is very beneficial to small businesses, many of whom do not have the collateral banks and financial institutions require.
For more information related to the loans that we provide, contact us. Our team will provide you with the information you require, and also assist you with the filling in of the loan application. In the event you would like to fill the application form yourself, simply click on the ‘get started’ tab and fill in your details online yourself.