Choosing the Right Small Business Loan
These days it can be quite difficult to get an unsecured business loan. Most banks and other lending institutions are very strict with their loan qualifications. With so many businesses failing in the past few years, lenders know how easy it is even for large corporations to go belly up, leaving investors and clients high and dry.
That’s one of the reasons Cash Advance Tiger was founded. We specialize in merchant cash advances. We work quickly to get you the money you need and we have streamlined the paperwork down to a minimum. Even high risk business loans can be approved within 24 hours and funded within 3 days or less.
Choosing the right small business loan is important. You must take into consideration numerous factors, such as:
- How soon do you need the loan?
- How much money do you need?
- Will you provide collateral?
- How’s your credit?
One of the major factors affecting your small business loan will be your credit score. If you have some dings on it like most people do, then you can kiss those low interest rates good-bye! Those low rates under 10% are for businesses with excellent credit scores.
You don’t need collateral for a merchant business loan at Cash Advance Tiger. The only thing you need is at least $3,000 in daily credit card receipts. The application process is simple. You can get approved in less than 24 hours for loans up to $200,000.
If you have plenty of time to wait on paperwork processing, some collateral and a great credit score, then by all means, check with your local bank, credit union or other lending institution to see what their current interest rates and qualifications are. But if you don’t have all three, then fill out the handy form on our website and allow Cash Advance Tiger to help you get the money you need for your small business. After you establish a great record with us, subsequent business cash advances are simple and quick.