Here is a story that many of you are probably familiar with. Your business is slightly struggling. You need a new piece of equipment or some other sort of advancement to help it compete with the big business chains and corporations, but the only problem is that this update to your small business does not come at a small price. To help pay for this you walk over to your local bank get all the information you will need to apply for a small business loan and get all the paperwork ready you will need for an interview you set up for at the bank’s earliest convenience. Once you are at your meeting you are nervous, you hand in all the paperwork you have diligently prepared and wait while the clerk flips through everything. Once it is validated that everything they need is there the clerk goes to a superior who decides whether you should be approved or not. Usually, you do not receive the response for a few days at minimum, but at the end of it all you usually receive a negative response – NO LOAN!
Why Go Through the Hassle of a Traditional Bank Loan?
Why put yourself through this embarrassingly invasive procedure? All the paperwork that banks want, all the information you give them, all for a negative response that leaves you exactly where you started. By choosing to go to a smaller institution, you are increasing your chances of getting a loan by over 50%.
The Advantages of Choosing Business Capital and Credit
If you choose to meet with a small business funder such as Business Credit & Capital, there are a few perks:
- You do not deal with any bank clerk or broker, but you deal directly with the people who will be funding you.
- Excellent customer service gets you the information you need and answers any questions that might be plaguing you.
- Qualified applicants receive a “line of credit” that gives the applicant the ability to do more than just take a cash advance. It also allows you to draw on the Line of Credit when you need it.
- This small business funder is a small business as well; therefore we understand your needs and concerns, because we have them too!
- No fixed payments or fixed time frame for payback.
- No collateral.