How We Made Getting Approved for Business Loans Online EasierGetting approved for business loans online should not be difficult. All business owners, small and large, deserve the chance to borrow the money that will help them realize their dreams and build a successful business venture. Larger businesses generally don’t struggle to get approved because they have so many assets, credit history, and collateral. Small business owners may not have these same things to offer a lender, which is why we have made it easier for them to get approved. Here’s how we did it.
We Offer Business Loans Online, So You Don’t Have to Spend Your Day at the Bank
The first move we made to simplify the process of borrowing was to offer loans online only. This means you can get business loans online, from the comfort and convenience of your office or home. You do not have to carve out a whole day to leave work behind and go to a bank to beg for approval. Instead, you only have to get online and complete a simple application that will put you on the path to getting approved.
Our Business Loans Online Do Not Require Perfect Credit
We know that not every small business owner will have a perfect credit score. You have to rely on your personal credit to finance your business and it simply isn’t fair for past personal errors to prevent you from running a business today. With our business loans online you only have to show that your credit score is at least 500. Most other lenders will not approve business loans for scores as low as that.
With Our Business Loans Online, You Can Get Approved Even with a New Company
Other lenders, like banks, often require that businesses have been operating for years before offering approval on a loan. They want to see that business owners are serious and in it for the long haul, but we know that many people are serious about running their businesses but that they have to start somewhere. And it’s at the beginning of a business venture that you often need cash the most. So, with our business loans online, you only need to show that you have been operating for three months.
Don’t Worry about Collateral or Credit Cards with Our Business Loans Online
Another hoop that many lenders will make you jump through is showing that you have collateral. If you can’t repay your loan, these lenders will take your collateral, like a fleet of company cars or real estate. As a small business owner, you probably don’t have any collateral to offer, and that’s just fine for these business loans online. Collateral is not required. Accepting credit cards is also not required, but many other lenders will make you prove that you do just to get approved for a loan.
These are some of the many ways that we make getting approved for business loans online much easier than you ever expected. We beat the competition when it comes to approval rates, so if you need cash for your small business, get started and apply today.