Unsecured business loans means your business owes back the money. Not you. These should not affect your personal credit availablity.
These loans are great when you have opportunities to grow. But, you need cash. For example, you need a larger printing press, a new refrigeration system, or maybe you're ready to scale your marketing programs.
Although this is a business loan our lenders typically require someone with at least a 700 credit score to apply. They want to know you've got the history of being able to manage money.
Unsecured Personal Loans
These loans are typically the easiest to get. It's based upon your personal credit score (the higher the better). Rates are typically lower and loan approval is usually very quick.
Business Loans for Companies with Good Cash Flow
Ok, maybe you don't have a lot of credit history. But, despite that you've got good sales growth and cash flow. But, not enough to make that larger investment you need.
Our experts can work with that. Some of our lenders just love businesses with good cash flow. Typical loan sizes for this type of loan are $25K to $1 Million Dollars.
Want to Buy A Franchise?
That makes it easier for us. We love franchises as they offer us additional knowledge that you're working with experts and they also want you to succeed.
Franchise loans are typically low cost, long-term and feature a streamlined application and closing process.
SBA loans are typically the least expensive and offer the largest loan sizes. However, they typically take more work, approval time and impose the most requirements. But, again they may be much less expensive and are a good option to consider if your qualify.
Our experts have put together many SBA loans and will help you every step of the way to getting it done properly - the first time.
Business Directed Retirement Account (BDRA)
Lowest cost, quickest approval. Least amount of paperwork.
Are you aware that the US government allows you to use your retirement account to fund your business?
This is a really great option to consider.
Pricing and FAQ
What size loan should I take?
The smallest amount you need
to achieve the goals that you want.
What are your unsecured loan terms?
Typically: 3-7 years
Prepayment Penalty: None
Funding: Typically 2-4 weeks after from application
Should I borrow from you or my bank?
We recommend you talk to your bank and talk to us. Then you should choose the option that works best for you.
Are there penalties for not completing my application, or not using the funds I'm approved for?
Typically the answer is No. However, we have many types of loan and financing programs available. So, the best answer is get your specfics answers from our Experts.
Do You Want to Know More?
We have lots of funding programs and options. If you're interested the best way to proceed is just to talk with our expert. There is no obligation, no pressure and we can quickly let you know which path - if any - might be best for you.
Contact our experts TODAY!
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