Numerous small business find it next to impossible to get loans from banks, and the reason for this is banks are not interested in funding small businesses. Private funders such as Funding Easily which are also merchant cash advance companies do provide funding to small businesses.
The reason banks don’t provide funding to small businesses is because they consider small businesses to be ‘high risk investments’. As a result of this they have criteria that are not well suited to small businesses, which small business owners find difficult to meet. Our criteria to provide small business owners with a merchant cash advance are practical and easy for small businesses to meet.
However, these are not all the convenient and user friendly features that are associated with the funding we provide. We do not ask small businesses to provide us with excellent credit scores either. Typically, we work with credit scores that are below average, and often in the mid-500s, and we do fund them also. As a result you can apply for merchant cash advance bad credit . Banks on the other hand have as their first requirement credit scores that are above average, and preferably above 700s.
In addition to not requiring high credit scores, we do not require collateral and security either. Typically, banks do require collateral, security and guarantees, as they do require to secure the funding they are providing. We provide unsecured loans to small business owners.
The processing time frames that are associated with the funding we provide is also exceptional. We are able to at the quickest process the applications and deposit the funds into the small business account in 48 to 72 hours, and at the latest in a weeks’ time. Banks again here take their own time, and are in no rush to provide small businesses with the funding.
To know more about the merchant cash advance loans that we provide, contact us. Our funding team will provide you with the information you require, and assist you with the filling of an application if required. Alternatively, you can also click on the ‘get started’ tab and fill the application yourself.