Title: Fast & Flexible Short-Term Loans for Your Business
1Fast Flexible Short-Term Loans for Your Business
2What is a Quick Business Loan?
Quick small business loans are a fast short term
loan option that allows small business owners to
receive funds into their bank account by the next
business day. Such an option is typically needed
when a business runs into sudden cash flow
problems or an emergency, such as building or
equipment repairs.
3Traditional banks also closely examine the
owners credit score, credit profile of the
business and its balance sheets, bank statements,
cash flow and income statements. Banks often ask
for collateral for business loans. The valuation
of these assets further lengthens the loan
approval process. Much of the loan terms will be
determined by your credit score. If you have
excellent credit, you should be able to get a
competitive interest rate.
4How to Qualify for a Quick Business Loan
- A small business borrower will have the following
factors analyzed by a provider to determine
eligibility for a small business loan - Minimum amount of time in business
- Minimum revenue requirements
- Minimum personal and business
- credit score requirements
5Quick Business Loan Options
6Business Line of Credit
A fast short term loan option is a business line
of credit. This is especially true when it comes
to small business owners who need business
financing options immediately and cannot afford
to wait several days for a loan application to be
approved. When you pull from a business line of
credit, you will pay interest on the amount you
use.
7Unsecured Business Loans
An unsecured business loan is different than a
secured loan as there is no underlying asset for
the bank to seize if the borrower doesnt make
payments. Qualifying for an unsecured business
loan through a traditional bank or through the
Small Business Administration (SBA) can be a
challenge. The requirements for this type of loan
are stricter. Interest rates start at 7.5 and a
small business must be operational for at least
six months to qualify.
8Merchant Cash Advance
A merchant cash advance can also provide a small
business with needed capital within the same day.
In addition, an MCA doesnt tie the business to a
regular repayment schedule since it is repaid by
automatically deducting a percentage of future
debit and credit card transactions. MCAs are
easy to qualify for and the funds are allowed
to be used in a wide variety of ways.
9Why Choose Biz2Credit?
- Trusted partner for franchise funding
- Biz2Credit was founded in 2007 and has provided
more than 10 billion in loans. - Dedicated support team
- Tailored financing solutions
10Thank You