Loans for Businesses Are Easier to Get Than Most Small Business Owners Realize
It’s a situation most small business owners will face eventually: the need to look for and get financing. Some need it right away, to get the business up and running. Others don’t need a lot of help with start-up costs, but will need extra money somewhere down the line, either to get through a slow period or to expand. What all these small business owners dread is getting denied funding, but what they need to realize is that loans for businesses just like theirs are much easier to get approved for than they ever realized.
These Loans for Business Owners Beat Bank Loans
The first place that many people turn for financing for a small business is the bank. It’s the traditional, standard way to raise funds for a business venture, but it is not the only option and it is far from the best option for most small businesses. Banks do not usually offer smaller loans because the effort of lending is not worth the payback, and this is a big reason that our loans for owners of small businesses are much better. Small businesses don’t necessarily need $50,000 or more in funding. To borrow more than is needed puts a business in a hole that can be difficult to climb out of. Banks also have a habit of denying small business owners: for not having collateral, for not having a great credit score, or for not having enough revenue. In other words, bank loans are pretty inflexible.
With These Loans for Businesses, Getting Approved is Easier
If you rely on these loans for business owners and small businesses, you will see just how much easier it is to get approved than when you turn to more traditional sources of financing. We can offer business lenders with high approval rates, and getting access to them is free. They have high approval rates because of low-set approval requirements. At a minimum a small business owner needs to have been operating the business for three months, drawing in $10,000 or more in monthly revenue, and have a personal credit score of 500 or higher. These are the only absolute requirements. Being a small, new business with a less than perfect credit score will not automatically disqualify you from these loans.
Relying on These Loans for Business Owners Means Getting Choices
While banks really only want to lend to bigger businesses or to lend large amounts to small businesses that only need smaller loans, these loans for business needs are more flexible. Our network of 50-plus professional lenders includes plenty who will offer small business owners a range of loan amounts. From just a couple of thousand to over $100,000, small businesses actually get a choice when it comes to borrowing. It’s easy with these loans to choose the amount you need and to not worry about borrowing more than your business can afford. With this and the easy approval, it just makes sense to turn to our loans for business expenses and to get the cash your business needs to move forward.