Working Capital Loan
Blog: Working Capital Loan
For small businesses that require a working capital business loans there are numerous options available to them. However, every lending institution has its own requirements and criteria. Banks typically, are not keen on funding small businesses and as a result about 90% of all small business loan applications are rejected by the banks. We do however provide funding to small businesses and our criteria are completely different from those of the banks.
Funding Easily is one of the more popular funding companies amongst small businesses. Our criteria are completely different from those of the banks, and typically, they are simple and easy to meet. As a result most small businesses are able to qualify easily and have a hassle free and easy experience.
Some of the other features associated with the working capital finance and how to get it are mentioned here below. The entire process is simple and we have simplified it further to make it feasible for small business owners.
The processing time for the loan application that we have is at the quickest 48 to 72 hours, and at the most this time frame would be 7 to 10 days. Banks on the other hand are really in no rush to provide small businesses owners with funding, and as a result they take a couple of months at the least and over that period of time at the most.
We do not require high credit scores and this is a major plus point to small businesses, as many of them have damaged credit or their credit scores are not in the 700s. Banks do require excellent credit scores and would definitely prefer to work with businesses whose credit scores are above 700s. We work with damaged credit scores that are way below average and still do fund them, without blinking an eyelid.
Another very interesting point is the collateral that so many ask for, we do not require collateral simply because the working capital business loans that we provide are uncollateralized loans. Banks as usual do not provide uncollateralized loans, and are required according to their own norms to secure the investments that they give out in the form of loans.
More information on the unsecured business funding that we provide is available on our website, or you can contact us. Our customer service team will provide you with all the information you require, and also assist you with the application process. Alternatively, if you are the do it yourself kind of person simply click on the ‘apply now’ tab and fill in your details.