If you run a small business but have a poor credit rating, either due to your business’s struggle or your own financial hardships, you know that getting a loan for the next phase of your plan will be difficult. The main reason behind this is it will help your professional consultant to understand and analyse each aspect of your financial situation and suggest you solution according to it. To know more about business equipment finance, property investment loans, commercial property finance loans, you can surf various websites on the Internet.
And, since repayment of this advance (loan) is based on future cash flow from your credit card paying customers, these lenders are not that concerned with your personal credit scores but more concerned about your business’s ability to keep getting those paying customers in the door (which is what you wanted – a business loan based on your business results and future potential and not your past credit mistakes).
Since there are no long credit verification processes nor boring bureaucratic paperwork to fill, in a matter of few hours you can have the money deposited into your bank account ready to be used for purchasing airline tickets or whatever other purpose you can think of.
In the wake of the decline of traditional small business financing, new sources of debt and equity financing have increased including Crowdfunding and Peer-to-peer lending Unless small businesses have collateral and can prove revenue, banks are hesitant to lend money.
Merchant Advisors: Merchant Advisors offers an assortment of loan types, including small business loans, working-capital loans, restaurant loans, bad-credit loans, cash advances, SBA loans, restaurant equipment leasing, lines of credit, franchise financing, 401(k) business funding and home-based business loans.