There are many small businesses who require merchant cash advance and these simple to get with us. We provide small businesses with the funding that they require simply and easily and without any hassle at all. The funding that we provide is easy to obtain, however we do advise all small business owners to be very decided about the funding that they are applying for. There are many reasons however the most important reason for this is because, small businesses make up the spine of the economy. It’s very important for small businesses to be financially stable and successful to have a good economy.
Banks on the other hand are not so keen on providing small businesses with the funding that they require, and as a result they have very stringent qualification criteria. These qualification criteria that banks have for small businesses filter out most applications and as a result, over 90% of all small business loan applications are rejected by the banks.
We do provide small businesses with the merchant cash advance bad credit they require and our qualification criteria are completely different from those of the banks. Based on our qualification criteria most small businesses who require the funding qualify and are able to get the funding that they require. Mentioned below here are the easy and simple qualification criteria that we have.
- The owner of the business should not be in any form of active bankruptcy at the time of the loan application.
- The business needs to be over 12 months old to qualify for the funding.
- The gross income of the business needs to be at least $10 thousand or over that amount.
These are the basic criteria that we have and based on these most small business owners will be able to ascertain for themselves whether they qualify for the merchant cash advance or not. Mentioned below here are additional features that make the entire process hassle free and easy.
The processing time frames that we have are also very quick, and we are typically able to provide small businesses with the funding that they require within 48 to 72 hours from the time of the application. At the most this time frame would be a week to ten days. Banks on the other hand do not provide funding so quickly and will generally require a couple of months to do the same, or possibly over that as well.
We do not require high credit scores, and these are not part of our qualification criteria. As a result of this we often work with credit scores that are in the low to mid-500s, and we do provide them with the business cash advance bad credit that they require. Banks on the other hand do require high credit scores to fund any business.
Also all our funding is unsecured and uncollateralized, and as a result of this many small businesses who lack the appropriate amount of collateral that banks require, can apply for funding. Banks typically require collateral that is valued at double the value of the loan amount.