Are you planning on applying with a bank to receive funding for your small business? If so, chances are you’re going to get rejected. If you’re an owner who has done so in the past then you already know how difficult and frustrating the process of getting funding can be as some lending applications can leave many owners drowning in a sea of paperwork. Banks are very picky when it comes to choosing which business they would lend money to and for good reasons as small businesses tend to be a risky investment for them. Many owners get rejected for funding for reasons such as low credit ratings, lack of collateral, and the industry their business works under even if their business has a high EBITDA.
Those that do qualify can sometimes end up waiting months to receive the funding that they need now which can hurt the performance of their business. With all this in mind, what can businesses really do then? By turning to alternative lenders such as us at Smart Business Funding, businesses that have been in existence for at least 3 months and make $10,000 or more in sales revenue a month have the chance to receive a funding amount of between $1,000-$500,000 in a matter of days and not months after applying and qualifying to receive funding from us.
With our financial services, applicants can apply with us even if they have poor credit and not be expected to pay interest or put up collateral. Repayment is done automatically when a small portion of the revenue generated from your credit revenue is taken at an adjusting rate which won’t hurt your business. Unlike most lenders, our approval ratings are high meaning businesses working in all fields except law firms and payday lenders are more than welcome to apply with us. Applying for financing is not an enjoyable experience but it doesn’t mean it has to be a hassle either so call or text us at 917-533-2979 or visit our website at and get your business the money it needs the fun way.