Many times during running a business, a shortage of funds – or liquid funds – can occur. Such a situation can slow down a business, halt growth, or lead to very undesirable outcomes. Small business owners tend to tackle such situations in one or more of these ways:
- Liquidate some assets(s)
- Utilize pre-approved line of credit
- Invest personal funds into the business
- Borrow funds from friends or family
- Choose a business loan.
Choosing a business loan is popular because they’re faster, more reliable, and easier to get. Businesses seeking a quick loan often turn to reliable alternative lenders like us at Business Advance Lenders.
Alternate Business Lenders
Business loans are not very hard to get today, given the vast number of options out there. Yet when a business needs to loan a small amount of money which is fruitful only if it credits soon enough, the options get limited. One of the most preferred solutions to such a need is to choose a trustworthy alternate business lender. Alternate business lenders are non-bank direct lenders who offer business funding.
Most alternate business lenders aim to simplify the lending process and provide businesses with an easier and quicker solution to borrow funds.
Choosing a Trustworthy Alternate Business Lender
When businesses pick alternative lenders for funding, a big worry is whether the lender is trustworthy. Unlike banks with established reputations, smaller alternative lenders may lack such credentials.
Before deciding on a loan, it’s crucial to check if your lender is genuine and reputable. Positive online reviews, a secure website, a strong online presence, and recognition from entities like the Better Business Bureau and Online Lender’s Association are signs of a trustworthy lender. Business Advance Lenders, with a decade in the industry, is a trusted example of an alternative business lender.
Online Loans for Emergency Business Needs
At Business Advance Lenders, we understand that businesses can need funds at times in such urgency, that running around and waiting for cumbersome processes may not be an available option. For this reason, we offer small business loans through our online platform. The application can be filled out online and after a brief check, an expert from our team will assist you as we work towards a loan that suits your requirements.
When you need funds for business emergencies, our lean process can provide you with loans in as little as 2 business days, subject to eligibility.
Short Term Business Loans get Approved Easily
For a business loan with a high approval chance, go for a short-term one if it fits your needs. Short-term loans have easier eligibility, and even with a bad credit score, it’s less critical for approval.
Getting a Business Loan with Bad Credit
If your credit score is causing problems for a business loan, alternative lenders like Business Advance Lenders might be your only choice. We accept applications even from those with bad credit. If your credit history is poor, we can still approve loans based on other financial health indicators of your business.
Getting a First Time Business Loan
Sometimes it can even be hard to get a loan because you haven’t used credit products in the past. Since we have the option to overlook credit scores and credit history, you can get a first-time business loan from us as long as you can provide us with the requirements as featured on our loan application page.
Secure a Quick Business Loan through our Easy Online Application
When you need a quick business loan, Business Advance Lenders will be here for you. Our online application is amongst the most reliable ways to find a loan that has a high approval rate and short disbursal time. Submit the details through the application and an expert from our team will reach out to you shortly.