Fast Small Business Loans for All Needs

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Fast Small Business Loans for All Needs
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The Difference Between Fast Funding and Slow
Funding
In small business financing, there can be a
significant time difference between fast funding
and slow funding. However, its a bit more
complex than that
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Traditional small business loans and U.S. Small
Business Administration (SBA) loans, which are
the most affordable for those who have good
credit, typically take weeks to process. The
application process is more rigorous and
borrowers must provide more financial and bank
statements and meet stricter qualifying
standards. The underwriting process with
traditional banks and other business lenders may
take several weeks.
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The easiest business loans to get are also
usually the fastest to get. Sometimes, small
business owners with good credit and a strong
loan application can get same day funding.
Entrepreneurs are still usually subject to credit
score requirements and other eligibility
requirements. Nonetheless, the online application
process with online lenders and other alternative
lenders may take just a few minutes, and usually
youll be able to get funding quickly.
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Three of the Easiest Business Loans to Get
The business loan interest rate average is
usually higher for these types of funding for
businesses. That said, each is a useful business
loan option for new businesses, businesses that
need cash fast, and business owners with bad
personal credit or limited credit history.
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Working Capital Loans
Working capital loans enable businesses to cover
operating expenses or pounce quickly upon
business opportunities. Available from both
traditional lenders and alternative lenders, the
terms of these loans are relatively short-term,
often between three months and 18 months. The
typical business loan interest rates vary
sometimes working capital loans can be at 7 to 8
percent, but other lenders may charge 30 percent
or more.
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Business Lines of Credit
If you have more time to ramp up, a business line
of credit can be a good solution. A business line
of credit is part loan and part business credit
card. A lender approves you for a maximum credit
line, which you can debit into your business bank
account. Rather than pay interest on the whole
loan amount, you only pay interest on the amounts
you use.
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Merchant Cash Advance
A merchant cash advance (MCA) can be the solution
for someone who needs an immediate lump sum of
money. Cash advance companies provide an infusion
of capital in return for a percentage of your
future credit card receipts and other business
receipts. Among the easiest business loans to
get, MCAs offer low qualification requirements
and fast funding.
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Why 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

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