There are numerous small businesses who are looking for business loans for women . we provide them with those, easily. The procedure for applying for a business loan with us are simple and hassle free, we do however request all small business owners to be ‘decided’ about getting a loan when they apply.
Banks and other financial institutions do not provide small businesses with the funding they require so easily, as they consider small businesses to be ‘high risk investments’. As a result of this over 90% of all small businesses who apply for funding with the banks are rejected.
Small businesses make up 99.7% of all businesses in the US, as a result making them into the body of the domestic economy. We provide small businesses with the small business loans for women that they require, and our qualification criteria are completely different to those of the banks. Mentioned below here are our very simple qualification criteria.
1. The business needs to be at least 12 months old
2. The owner of the business should not be in active bankruptcy at the time of the application.
3. The business should be grossing at least $10 thousand a month
4. The business needs to be a running business as well.
These are the basic criteria that we have, and looking at these criteria almost any small business owner can ascertain for themselves whether they qualify for the funding or not. Also mentioned below here are the other features of our funding, such as the speed and simplicity of the process.
Credit scores are something we don’t request for much to provide the business funding for women as they don’t really matter to us providing the funding. We often work with businesses whose credit scores are in the low to mid 500s, and fund them. Banks on the other hand do require credit scores in the 700s to accept a small business loan application.
The processing time frames that we have are also very quick and typically we will be able to provide small businesses with the loan for women owned business that they require as quickly as within 48 to 72 hours from the time we receive the completed application. At the most we would require a week to ten days to provide the funding. This is very different from the banks time frames that are at least a couple of months and over that.
Collateral is something else that we don’t require and the reason for this is due to the fact that all our funding is unsecured funding. This is a very beneficial feature for small businesses, many of whom do not possess the necessary collateral that banks and other financial institutions require of them.
For more information related to the woman owned small business loans that we provide contact us. Our funding team will provide you with the information and assistance you require to fill in the application form. Additionally, if you wish to fill in the form yourself, simply click on the ‘apply now’ tab and fill in your details there.