Quick and easy access to merchant working capital is now available, and there's no long approval process or credit file review required. Unlike big banks, alternative lenders are making business capital accessible to small organizations, even specialized products such as bad credit business capital. For companies wondering how to get working capital without a business plan, the answer lies with these loans.
Prior to the national economic meltdown, commercial financing for strategy buys, opportunistic expansion, and equipment and material purchases were readily available. However, the post-Great Recession landscape differs in many ways. Now, corporation lending institutions only approve loans from applicant businesses that meet several requirements. These standards are high and include, but are not limited to: full personal and business asset and liability disclosure, three to five years of business and personal tax returns, and substantial collateral pledges. Applicants must pass a full credit file check, provide future earning and loss projection statements, and other certified financial documents.
The loan process can easily take three to six months, and there is no guarantee of approval and funds are not made readily available if approved. However, alternative lenders are filling the financing void, giving small and medium-sized business access to working capital with a variety of affordable debt instruments. Rates are very competitive, and terms are flexible, catering to borrowers.
Applicant businesses can apply online by completing a short form, and there is no collateral required or credit check. Business loan applications are approved within just 24 hours, and funds are made available through direct deposit in three to five days. Applicants can receive between
Loans are available to many industries, including food service, retail, health care providers, restaurants, business to business, franchises, consumer services, bars and grocery stores. The application is free, and the lender boasts an approval rate of 98 percent. Working capital is ready, and there are no hidden fees or surcharges.
BusinessCashAdvanceGuru.com expanded nationwide services are now available in the following geographical areas:
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