There are some businesses in the Houston region who are always looking for small business loans quickly. Funding Easily provides those businesses with the instant small business loans region as and when they require it. Banks on the other hand do not have such an approach toward funding small businesses, and prefer not to fund them at all, as they are considered to be ‘high risk investments’.
Funding Easily is a private lender and we provide instant business line of credit to various small and medium sized business. Our qualification criteria are user friendly and the entire process is hassle free. This is very unlike the experience that one might expect to have with the banks, whose application process and following procedure can be highly stressful and complicated.
Mentioned here are our qualification criteria, which are completely different from those of the banks.
- The business needs to be at least 12 months old and a running business for that duration of time.
- The gross income of the business for an average month needs to be at least $10 thousand.
- The business owner must not be in active bankruptcy at the time of the loan application.
These are very simple and easy criteria as any small business owner will know, and this is about as complicated as our criteria get. Typically, banks have complicated and stringent criteria and are not quick to approve business loan applications.
We do not require high credit scores to provide you with an instant business loan and we often work with businesses whose credit scores are in the mid to low 500s, and we still fund them. Banks on the other hand will not entertain an application whose credit scores are not above average, and would prefer credit scores that are close to or above 700s.
The processing time frames that are associated with the quick funding we provide for small businesses is also very short. Typically, at the quickest it’s just a matter of 48 to 72 hours to process and deposit the money into your business account. At the most this time frame would be as late as a week to 10 days, which is still not a lot of time. Banks on the other hand take a couple of months easily at the earliest, and at the latest you can add another couple of months to that, if they don’t reject that application first.
Also we do not ask for collateral and security to provide small business owners with the funding they require. Our loans are all uncollateralized loans, unlike the banks who do not provide uncollateralized loans.
For more information related to the business loans that we provide, contact us. Our funding team will provide you with the information you require, and assist you with the application process as well. Alternatively, you can click on the ‘get started’ tab and fill in the application form yourself.
