The right business loan can be the difference between survival and success.
The most challenging aspect of successfully operating, expanding and managing a small business is financial planning and budgeting. Regardless of how conservative or aggressive you are, occasionally you’ll find your small business in a bind and short on cash.
You could be short and in need of a fast business loan to expand and grow, or you could be short on payroll. Either way, non-bank online business loans are designed to meet all your business needs under most circumstances even if you have bad credit (fico as low as 550).
The question is how do you get access to fast business loans?
You have a couple of options;
A. Approach friends and family for a loan (I don’t recommend this).
B. Look for a partner.
C. Start looking for investors or do it the easy way, request a fast business loan online. Let’s get started
How to get a fast business loan online?
How you go about getting a fast business loan online is critical. Working with a trusted and reputable business loan lender like the ones Getmoney.com works with will significantly improve your chances of qualifying for the best business loans online.
Most traditional lenders have very strict lending guidelines. At GetMoney.com, all lenders and lending partners meet the professional standards required by GetMoney.com.
The lender’s in the GetMoney.com network offer very competitive rates with flexible guidelines. Business owner’s with bad credit can qualify for business financing.
STEP #1: ANALYZE YOURSELF AS A SMALL BUSINESS LOAN BORROWER
Before applying for a business loan, you have to review your credit, business credit, and tax filings to see how strong of a borrower you are.
If you have excellent credit (both personal and business) and show substantial income on your tax returns, you can apply for a business loan through traditional lenders like banks and credit unions.
However, if you have blemishes on your credit, or don’t show much of a profit on your tax returns, you have to consider other options such as online business loan lenders.
Online business loans can be more expensive, but they are fast and convenient.
Fast business loans online, can fund in as little as 2 working days and are not credit sensitive. Request a business loan with only a few clicks on Getmoney.com.
Forms are quick and simple to complete. One loan request will be reviewed by multiple lenders in our network for the best rate and program available. All Credit checks start with a soft pull which won’t affect credit ratings.
Required documents for fast business loan approvals on Getmoney.com are 3 bank statements and a copy of your driver’s license.
STEP #2 GET ORGANIZED
All traditional lenders require certain documents. The commonly requested documents are bank statements, tax returns, business license, rental agreements, and other documents required to determine your creditworthiness.
I recommend having all these documents organized and ready to go before applying for a loan with a traditional lender. If you request a loan through Getmoney.com, only 3 bank statements and copy of driver’s license will be required for loans under $150,000.
To help with the process, an agent will call you immediately to review your request and explain the documents.
PRESENTATION OF DOCUMENTS AND FUTURE PLANS
If you are asked for business plans and projections of estimated future growth, be sure to deliver everything professionally. Ultimately, you have to be sure the underwriter clearly understands what you are trying to do.
Start your business loan request, 3-minute form No Obligations