Main Image

Small Business Loans

Business Loans

Small businesses loans are available in many ways

Business Loan Application Form

Online business loan

Online business loans are becoming more difficult to obtain for the small business owner, but they are available. There are usually heavy restrictions applied to online business loans for consumers but the advancement with new business owners popping up on a daily basis because of the Internet has become increasingly more popular. One of the hardest parts in obtaining a business loan is jumping through the hurdles of securing that loan. Applying for a loan online can be as easy as 1-2-3 and you wont have those embarrassing moments and uncomfortable face to face discussions.

Collateral is a big consideration for financial institutions to give a small business owner a loan online. Most new businesses don't have the collateral and are usually leasing the building they are working out of and it makes it difficult to obtain an online business loan. The bank has all the risk because of possible bankruptcy.

With the emergence of online business loans and also Merchant Cash Advance it is much easier for an establishment to obtain a business loan online. There are many programs that do not need the collateral and use credit card statements based on monthly volume to give you that loan that can be very useful to your business.

Fill out our simple one step form and we will have someone contact you and get you on the road to a small business loan.

Small business loan

Why is small business important to the United States?

It represent over 90% of all employer firms.
It pays for more then 45% of the total US payroll
It has generated from 60-80% of new jobs annually.
It has produced more then of total value federal prime credits
More then 50% of home users are small business owners.
97% of all exporters are small business.

How many small businesses are there?

There are over 5.8 million firms without employees and over 16 million with employees. The importance of small business on how smart business loans can effect the way the country expands its revenue is very important. Firms with under 500 employees produce around 99% of the governments small business. There rate of open and close rates are about the same with about a 10% variance.

How many jobs do small businesses create?

There are around 2 million new jobs created from the year 2003 and with companies over 500 employees give around 1 million jobs since 2003.

How long do new businesses survive?

Around two-thirds of all new businesses last 2 years and 44% survive at least 4 years. There are several major factors in remaining open or surviving past the 2 years. Some of the major factors are why these businesses were started and for what purpose. The owners education level is a factor as well as freedom and wanting to be your own boss.

How are small businesses financed?

Commercial banks are the largest suppliers of debt capital
to small firms but the emergence of Merchant Cash has taken note and more and more companies will be using this method for obtaining small business loans. Commercial banks supply more than 80 percent of lending in the credit line market. . In June 2004, small business loans outstanding owed to commercial banks amounted to $522 billion. There are large banks making significant loans of up to $100,000 dollars and with Cash Advance the numbers are based on credit cards sales volume.

Unsecured business loan

There are financial institutions who offer unsecured business loans which don't require any type of collateral. Collateral can be the assets a business owner has acquired over time or currently owns so the bank can be at a lower risk for giving up a unsecured business loan. In an unsecured business loan the bank acquires all the risk and may not be the best solution for both parties involved. The only type of guaranteed loan is a line of credit loan, credit card loan or Merchant Cash Advance loan. Mortgage loans which require good credit scores and collateral are not considered unsecured business loans. A few things to note is that obtaining any type of loan longevity is a plus along with good credit score and some type of asset or collateral for the bank to verify and safeguard themselves against risk.

Unsecured Small Business Loans

Are economy is largely based on the performance and advancement of small business. There are millions of jobs created by small business and when there are business opportunities there are employment opportunities as well. Financial institutions have come up with ways for small businesses to reach and maintain constant improvements with there retail or online stores.

The usage of working capital and now Cash Advance programs that initialize credit card sales volume as a marker for good business and unsecured business loans are borrowed against that.

Bad credit business loan

There are two types of credit Good credit or Bad Credit. Obtaining a business loan with bad credit might be difficult since that is a basis of why a financial institution will give you money. Bad credit is very common and can make usually normal circumstances very difficult in obtaining a home, business loan or any form of applying for money. Bad credit loans are becoming available and help start up businesses, paying off your debts and expanding your business potential. This also helps remedy the bad credit you have by allowing you a second chance in reforming your credit once again. The criteria in obtaining a secured or unsecured business loan is dependent on your assets which may have to be more then what you are borrowing but there is always the unsecured loan. There are credit card companies who have lines of credit that can help your credit score or Cash Advance programs. Determining the best credit lender for bad credit business loans are not an easy task and can become very frustrating but there out there. Always try to obtain other options before going that route. There are always family members, government grants and lines of credit if you own your own home.

Business funding

Any type of business loan or acquirement of funding from a financial bank or institution regulates as a business funding loan. Funding for businesses and online businesses is important to start or improve current financial situations. Business funding for small businesses and entrepreneur types in the marketplace have been around for decades. Business funding can elevate the stagnant business into the up and coming. Finances are an important component to any business to exceed and making money is the hardest part. Funding for your business can help in improving marketing, internal systems and goods. Sometimes everyone needs a little help to get over the hump.

There are several types of business funding loans

1. Commercial Loans
2. Friends and family
3. Grants
4. Non profit Lenders
5. Merchant Cash Advance
6. Small Business Loan
7. Online Business Loan
8. Unsecured business Loan

Business Cash Advance

If you are a business looking for a business cash advance then we can assist you in obtaining those funds. It is based on your future credit card statements from your credit card transactions.

We can provide a high approval rate on your working capital and the approval time is usually less then 72 hours. You can obtain your business cash advance in as little as 7 days. The money or payback to us is on how much you make and any slow months you only payback what you process in credit

How does it compare to a small business loan or business loan?

The approval rate on all small business loans or business loans are very small and are extremely difficult to obtain due to high risk. The amount of time it takes for a business loan to get approved can take up to a month, and if you know
your in a pinch and need that money fast then a small business loan might not be the best choice for you. There are many stipulations and high rates on a business loan and default in payment can mean termination ofloan and doesn't work on
seasonal businesses.

Let us help you obtain your next business cash advance.