From regular expenses like payroll and rent to surprise costs like inspections fines and permits and major equipment purchases, running a business can become very expensive. A small business loan is for businesses that are established and need capital for major expenditures, growth, or covering operating costs.
Traditional banks and credit unions are highly risk-averse. Oftentimes only applicants with high credit scores or loan collateral qualify. Even when they do qualify, the wait time can stretch up to three months simply for approval. Small businesses with little collateral can often find themselves facing loan rejections even when all they need is a quick boost to build or maintain forward momentum in their market.
This is where alternative lending comes in. Alternative lenders, or nontraditional lenders, are private companies that operate like banks by providing loans to businesses. We can help you with your cash flow needs regardless of your credit score.
