Getting a small business loan doesn’t have to be difficult
If you have been doing your homework, or if you have already been calling banks to see the qualifications for a small business loan, than you already know it’s not going to be as easy as you may have thought. Banks offer both unsecured business loans and secured business loans, typically unsecured business loans will have higher qualification requirements and lower loan amounts. This type of loan will demand near perfect credit, stronger financials, and stability within the business. Not every business will have the ability or the use for an unsecured business loan. Qualifying for a secured business loan are at times easier and can yield higher loan amounts, and will require some type of collateral. Regardless of the type of loan you choose, there will be a decent size paper trail required when working the bank. Not only is the process more difficult, but it can also be lengthily. We understand businesses want a simple processes and the fastest way to get working capital. Our business loans are as painless as it gets, and we can have the loan funded within days of you signing the loan documents.
Easy qualifications for small business loans
We have the most liberal underwriting guidelines when it comes to business loans. When most banks have a 680 minimum credit score, First Capital Business Finance accepts less than perfect credit with credit scores as low as 500! Typically banks will want to see the last two to three years business tax returns, including personal tax returns and financial statements. Our company only wants to see the cash flow of your business, so we only want to see your last six months of business bank statements. Most banks would like to see you have been in business for 2 years, where our company will consider companies that have only been in business for 4 months! So as you can see, our underwriting guidelines are easier to qualify when comparing to what the banks are going to request. Not only are we easier, but also we issue approvals and loan funding faster! We are currently running approvals at 24 to 48 hours, and our fundings are being completed within 3 to 5 business days from the day you sign loan documents! What that means, is from the day a business submits their loan application, they can have funds in their account in as little as 5 business days!
Get approved for a small business loan within 48 hours!
If you would like to apply for one of our business loans, all you need is to download your last six months bank statements and complete our EZ Application with one of our loan specialist. The application should only take about ten minutes of your time. There are no upfront fees, no application fees, no processing fees, no inspection fees, absolutely nothing! You shouldn’t have to pay anything when applying for a business loan. Feel free to call one of our loan specialist a call if you have any questions, they can be reached Monday through Friday 7am to 7pm PST at 888-565-6692.