The right Business Line of Credit can be a huge boon to a growing business and in today's economy finding a business loan less than $500,000 can be like looking for a needle in a haystack! But not any longer, new business loans and business line of credit products are readily available for small businesses.
Small business loans of up to $250,000 are designed to close fast and meet the special needs of growing businesses in Atlanta, GA, Phoenix, AZ and around the nation can be approved over the phone in as little as 48 hours. Many businesses are seeing the money deposited into their accounts virtually overnight!
Small Business Loan Answers:
So what are the small business loans and business line of credit financing instruments and how should they be used? These business loans are specific loans designed to help small businesses turn a situation around or take advantage of a profit building opportunity.
Business loans with fast approvals and loan amounts from $20,000 up to $250,000 are actually mini equity investments in a small business opportunity more than a loan. The business loan is designed to be a catalyst for consolidating debt to eliminate it quickly and increase future cash flows or to busy discounted equipment or inventory to increase efficiency, cash flow and profits!
The interest rate may seem high, but remember, this is actually a short term investment in the business and less a loan. The investor/lender is actually looking to help the small business grow FAST and wants his loan paid back fast to increase his return and limit the expense to the small business owner... this develops a win/win for the lender and the small business!
Business Loan Guidelines:
So what should a small business expect when applying for a small business loan that closes fast and has very limited approval guidelines. For approval the small business should have been in business at least 1 year, have an average annual gross revenue of at least $100,000 and have no active merchant cash advance loans OR if they do, be willing to pay that active loan off with a new loan that is at least twice the current outstanding balance.
For more information on a small business loan of $250,000 or less that will get approval in as little as 48 hours with just three months bank statements as proof of gross revenue and a credit score as low as 500 or higher, then give Michael Gross, President, FastLoans.capital a call today. Helping your small business grow in Atlanta, GA and Phoenix, AZ! Business Loans and Business Line of Credit.