Estimated Business Loan Term
6 to 36 Months
Rates
9% to 42%*
Time in Business Required
1 Year
Min Credit Score Require
650
Min Monthly Deposits Required
4 to 7
Min Monthly Revenues
$20,000
Min Business Loan Amount
$25,000
Max Business Loan Amount
$1,000,000
Max Number of Negative Days
2 Within a Month
*Rates depend on the duration of funding
There are many small businesses that have customers that only pay a portion of a product or service’s cost upfront and take the rest on credit. During the early stages of growth in a business it is easy to take on a lot of customers in an attempt to build a client base. This type of strategy puts the initial burden of the debt on the business owners. Having a line of credit allows an owner the flexibility to take the funds that they need based on how customers pay their debts to the business.
Managing inventory is one of the most difficult tasks for any business owner. Whether you should buy more or less for a particular product at any given time is almost impossible to guess exactly so the most common action is to purchase more inventory than needed. The last thing you want as a business owner is a customer willing to make a purchase without the product for that customer. The purchase of additional inventory of one product can leave the inventory of another product short. Having a credit line allows owners the flexibility to purchase inventory when needed.
Just like inventory, it can often be difficult to gauge what a weekly payroll will be. Having a credit line available takes all the worry out of paying employees. Any time you have a big payroll week you can access additional capital and just repay it in the later weeks when cash flow increases.
When operating a business there are myriad expenses that can arise and for most early stage business owners it is impossible to be prepared for every cost. Knowing that there is a financial cushion for any unforeseen costs allows business owners to operate their business more efficiently and with confidence, factors critical for success.
Below is a list of the requirements to get approved for business funding with our most basic program.
Applying has never been easier. You can either call our toll free number 24 hours 7 days a week at
or
Submit your online application by clicking apply below and entering a few basic details about your business.
Private business financing allows owners the flexibility to access large amounts of capital in a short amount of time. It also offers very competitive rates and terms. Below you will see some examples of how small business owners are utilizing private business funding.
There are many small business owners that are presented with opportunities that require fast business loans in a short amount of time, but they also have to be competitively priced for the deal to make sense. One example of this is buying out an existing partner or investor. Sometimes a partner may need to relocate or retire, or they just want to move on to a different venture. An investor may need to liquidate their investment. This can be a great time to acquire private funding as it will allow you to increase your stake and improve your revenue stream.
Many business owners carry expensive debt from the early stages of opening the business. Over time the cost of the debt does not decrease even though the company’s financial strength has increased. As long as the cost of the funding is less than the cost of the debt this type of strategy can result in immediate gains.
Many small businesses can immediately improve their margins dramatically by making bulk purchases. This type of strategic investment in your company can only make sense with a business loan that features competitive rates and a reasonable amount of time to pay the loan back. Private business loans are great for this because you do not have to take on an additional partner, and the increase in margins and immediate revenue make it easier to pay the loan back.
A private business loan can make expanding your business achievable. The fast funding turnaround along with the lack of restrictions on how you use the money allow business owners the ability to grow their company.
Although this type of funding requires a little more paperwork, the entire process can still be completed within 2 to 3 days.
This type of business financing requires better credit history so if you have poor credit we have a bad credit business loan option that can work for you.
There are no restrictions on how you utilize your private business loan.
It may be possible, each application is looked at on a case by case basis. Speak with your representative for more details.
Private business loans are not from large institutional banks, they are from private investment funds.
This can depend on various factors but it is definitely a possibility. Speak with your representative.
[toggle title=”How much time in business do I need to qualify?”]
A minimum of one year in business is required.
No. We take pride in the privacy we offer our clients, we never sell your information to anyone.
