Qualify for working capital 3 Easy Steps! $50k - $750k
Small Business Loans |
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We are happy to walk you through the necessary steps with flexible options to provide your business quick access to the working capital it needs
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What is a Small Business Loan ?
A traditional small business loan is a commercial loan with fixed payments, and a maturity date, and the rest.. But a small business loan through us is much more flexible, you have a say in crafting how much the loan is for, how long it will be outstanding and your payment amounts.
Many businesses could qualify for a business loan through us, as long as they have been under the same ownership at the same location for at least two years, and meet other general qualifications. There are some industries that will not qualify for a business loan through us, including (but not limited to) the adult entertainment, gambling, real estate mortgage or collections industries.
Qualifications
- The same business ownership and operating at the same location for a minimum of two years. We do not offer start-up loans.
- A business must be located in the United States of America.
- An owner's damaged credit history is not an automatic disqualifier for a small business loan.
- No open bankruptcy or a bankruptcy resolved within 12 months prior to receipt of a small business loan application.
- The small business loan is for the business only and can not be used as a consumer loan.
- Must be up to date and current with your landlord.
- A qualified business could receive up to $150,000 per location, subject to state laws.
- We provide initial risk determination in hours. It usually takes a few business days to get approved and funded.
- The guarantor’s credit history will be reviewed as part of the borrower’s qualification process. But unlike traditional loans, an owner’s damaged credit history isn’t an automatic disqualifier for the business.
- The owner does not need to pledge personal collateral, but the business will be expected to pledge its assets.
What is a Small Business Loan?
Unlike traditional commercial loan with fixed payment amounts, a maturity date, etc. a small business loan through us is much more flexible because you have a say in crafting how much the loan is for, how long it will be outstanding and your payment amounts.
Unlike traditional commercial loan with fixed payment amounts, a maturity date, etc. a small business loan through us is much more flexible because you have a say in crafting how much the loan is for, how long it will be outstanding and your payment amounts.
Which businesses qualify?
Your businesses could qualify for a business loan through us, as long as your business has been under the same ownership at the same location for at least two years, and meet other general qualifications found under Small Business Loan There are some industries that will not qualify, including (but not limited to) the adult entertainment, gambling, real estate mortgage or collections industries.
Your businesses could qualify for a business loan through us, as long as your business has been under the same ownership at the same location for at least two years, and meet other general qualifications found under Small Business Loan There are some industries that will not qualify, including (but not limited to) the adult entertainment, gambling, real estate mortgage or collections industries.
How much can my business barrow?
A qualified business could receive up to $150,000 per location. There is a minimum principal amount requirement in some states due to state law limitations.
A qualified business could receive up to $150,000 per location. There is a minimum principal amount requirement in some states due to state law limitations.
How long does the approval process take?
We make our initial risk determination in a couple of hours. It usually takes a few business days to get approved and funded. Bigger deals take a bit longer.
We make our initial risk determination in a couple of hours. It usually takes a few business days to get approved and funded. Bigger deals take a bit longer.
Will you review the owner’s credit history?
Yes. As with any loan, the guarantor’s credit history will be reviewed as part of the borrower’s qualification process. But unlike traditional loans, an owner’s damaged credit history is not an automatic disqualifier for the business.
Yes. As with any loan, the guarantor’s credit history will be reviewed as part of the borrower’s qualification process. But unlike traditional loans, an owner’s damaged credit history is not an automatic disqualifier for the business.
Does the business owner need to pledge personal collateral?
The business owner does not need to pledge personal collateral, but the business will be expected to pledge its assets as collateral.
The business owner does not need to pledge personal collateral, but the business will be expected to pledge its assets as collateral.
Can I get a start-up Loan?
These loans are for businesses that have been operating under the same ownership for a minimum of two years. We do not offer start-up loans.
These loans are for businesses that have been operating under the same ownership for a minimum of two years. We do not offer start-up loans.
Do I need to process credit cards?
No.
No.