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Sophia Williams

Digital Marketing Manager | Posted on |

Loans for Business Owners


Loans for Business Owners

For small business owners who are looking for the loans for business owners we provide them with the solutions that they are looking for. We provide the funding they require without a hassle and very quickly as well. With us getting the funding for small business owners is not the biggest challenge. However, we want to be sure that the business owner is clearly decided about the funding. The reason for this is simple, small businesses make up the spine of the economy and we want to be sure that small businesses are as stable and financially healthy as possible. When business owners are clear and decided, that means they have thought their plans through and are clear on the next course of action. This is important for the business owner, for us and also for the overall economy.

Banks are not interested in funding small businesses, and the reason for this is also very simple. Banks consider small businesses to be ‘high risk investments’ and as a result they have in place very stringent qualification criteria for small businesses. Due to this, over 90% of all small business loan applications are rejected.

We do provide small businesses with the funding they require, and our qualification criteria are completely different from those of the banks. As a result of this, most small businesses can easily qualify for the funding they require. Mentioned below here are our qualification criteria, which will enable any small business owner to ascertain for themselves whether they qualify for the funding or not.

1. The business needs to be at least a year old, or 12 months old and it should be a running business.

2. The gross income of the business should be at least $10 thousand or over that amount to qualify for the loans for business owners.

3. The owner of the business must not be in any form of active bankruptcy and if they were previously, they should be discharged from it at the time of the loan application.

These are the simple and easy qualification criteria that we have, and based on these most small businesses are able to get the funding they require. Also mentioned here are the rest of the features that go on to make the entire process from application to receiving the funding a hassle free and quick experience for the small business owner.

The processing time frames that we have to provide small business owners with the funding that they require is also very quick. Typically, we are able to complete the processing of the application very quickly. At the quickest we will be able to provide the funding as quickly as 48 to 72 hours, and at the latest within 7 to 10 days. Banks on the other hand will not work so quickly, and this is due to the fact that they have very stringent qualification criteria, and as a result require a lot of paper work which is a time consuming process.

The credit scores are also another issue, while we don’t require high credit scores banks do. Typically, we are able to work with businesses whose credit scores are as low as the low to mid-500s and provide them with loans for small business owners. Banks on the other hand do require high credit scores and will prefer to work with those whose credit scores are in the 700s, or reject the application.

We also do not ask for collateral, and the reason for this is because our funding is uncollateralized, or unsecured funding. This can be a very useful feature for small business owners, many of whom do not possess the collateral required by the banks. Banks on the other hand have no system of providing small businesses with unsecured funding.

For more information related to the funding options that we provide, contact us. We will provide you with all the information you require, and also provide you with assistance in filling in the application. Alternatively, if you wish to fill the application form yourself, simply click on the ‘apply now’ tab and fill in your details.