Small Business Loans No Credit Check
We provide small businesses with the small business loans no credit check they are looking for, and the entire processes is surprisingly easy and far quicker than most expect. We do however request all business owners to be decided regarding the funding before they apply.
Banks simply do not provide small businesses with the funding that they require, and the reason for this is because they consider small businesses to be ‘high risk investments’. Small businesses make up 99.7% of all businesses and are there for the spine of the domestic economy in the US. Due to the stringent qualification criteria of the banks over 90% of all small business loan applications are rejected.
We provide small businesses with the funding they require easily, and our qualification criteria are completely different from those of the banks. As a result most small businesses easily qualify for the funding. Mentioned below here are the qualification criteria that we have, and any small business owner can easily qualify for the funding by meeting the criteria mentioned here;
1. The business needs to be at least 12 months old
2. The business must be a running business
3. The owner of the business must not be in any form of active bankruptcy
4. The business must be grossing at least $10 thousand a month
That’s all the criteria we have, and based on these criteria any small business owner can easily determine whether he qualifies for the funding or not. Also mentioned below here are the other factors that make the entire process hassle free and easy.
The processing time frames that we have are exceptionally quick, and we are able to provide small businesses with the funding they require within 48 to 72 hours from the time we receive the application, at the most we would take a week to ten days and not over that. Banks on the other hand will take a week to ten days to provide small businesses with the funding.
We do not ask for high credit scores either to apply for a loan with us. The reason for this is simple, credit scores are not a part of our qualification criteria. We often work with credit scores that are in the low to mid-500s and we fund them with the quick business loans they require, without any hassle. Banks do require high credit scores, and will not work with a business whose credit scores are lower than 700s.
The other feature that makes a lot of sense is the fact that we do not require collateral. All our funding is unsecured and this suits many small businesses as many of these businesses are unable to provide the banks with the collateral that they require. Generally, the collateral that banks require should be worth at least double of the funding amount required.
For more information related to the small business loans with no credit checks that we provide, contact us. Our funding team will provide you with assistance, or you can fill in the online form yourself by clicking on the ‘apply here’ tab.