A business, to ensure it earns profits, needs to grow at a pace to sustain itself against competitors. It’s mostly not a problem for big businesses to sustain themselves in the long run. However, it can be the opposite for small businesses.
One of the biggest challenges your small business can face is steady finances. As such, it is important for you to apply for a loan on time; to ensure the smooth running of your business.
Why Do You Need a Business Loan?
Small business owners like you, can make great use of timely business loans for both tangible and intangible gains. You can use a business loan to boost the marketing of your brand/business, capital infusion to expand your business, boost cash flow, buy/replace equipment, replenish stocks, and more.
As per Lending Express, as many as 58% of businesses, especially small ones, don’t qualify for bank loans. There are many businesses, over and above them, that, for some reason, fail to qualify for business loans.
Small businesses are forced to pull down shutters; if they cannot gather requisite finances on time. You can apply for a bank loan, but documentation, approval time, and your low credit score; are where you can miss opportunities to grow your business.
Online Business Loan to Your Rescue
If you don’t qualify for bank loans due to a bad credit score, it’s best to go for online loan providers. They are fast and follow a transparent process; you can track them online.
Many online business loan providers issue customized loans at favorable interest rates taking into account the loan amount, duration, and other matters for faster loan processing. You just need to fill out the application properly, and the money will reach you in a jiffy.
How to Get a Business Loan Application Quickly Approved
An online business loan application with Business Advance Lenders is never stressful. Once you apply, we will go through the application process, and if it meets the criteria, we will approve your short-term loan of up to $500,000, regardless of your credit score, in less than 24 hours.
What we need from you
To get your online application approved with Business Advance Lenders, you need to submit the following: –
- Purpose
- Amount you need.
- Cumulative age of your business.
- Original Business Federal Tax ID/EIN
- Recent bank statements (last three months).
- Transaction statement of your business credit card.
- Your name, phone number, and registered email address.
- Lease agreement (if any) & landowner’s contact information.
- Average monthly business sales figures.
What we will do
At Business Advance Lenders, we follow the below process: –
- Application Review
Supply all the business details as needed. Photographs or scanned copies of statements will suffice. Conditions for such loans are less stringent, and even if you have a bad credit score, chances are high that your loan will get approved.
- Call from Loan Representative
Once we receive your application, after review, you will receive a call from our loan representative. This call is important, as it helps us gauge your requirement and devise a customized loan to meet your business needs.
- Loan Approval
Your application will undergo a diligent internal vetting process, and once (if) approved, the funds will be transferred to your registered business account within 24 hours.
- Credit Score
The small business finance you apply for, chances are it won’t impact your credit score. We ensure that we can meet your loan requirement if we spot a deserving and credit-worthy candidate like you.
- Early Payoff Discount
If you can prepay your loan, there is no penalty from Business Advance Lenders. You will also get a special discount on clearing your dues with us.
Do note that the business loan application at Business Advance Lenders is a no-obligation, hassle-free, and no-cost way to get the necessary finances within 24 hours. You can apply for finance from us anytime, anywhere, and as many times.
The loans are 100% secure, with minimum paperwork and no requirement for personal guarantees. Apply for a business loan at Business Advance Lenders for faster redressal of your monetary woes today.