Can’t Wait for Government Money? Maybe We Can Help!

Times are tough right now for most people, with many businesses and individuals suffering financially. The jobless claims in the United States hit a massive number of 6.65 million. In many cases, their credit is taking a massive hit, meaning that they might need a bad credit loan to help them through. That’s why the government is sending out payments to people who have been affected by these difficult times. The government takes so long to hand out money. But we can help especially businesses who need to get through these difficult times and many others.

Need Emergency Funding for Your Business Fast?

The government set aside money for businesses, but the problem is the government tends to move at a snail’s pace. If you’re like most businesses, you don’t have a lot of time to waste if you want to keep your business afloat during times of uncertainty. That’s where loan services like the ones offered here. Have great credit? Have bad credit? No matter what your circumstances are, chances are that we have a loan solution that will work for your business’ needs.

There are certain requirements that each of our services has, but you can apply for free and get a response usually within 48 hours to see if you qualify for one of our loans. You can usually get your money within a week, depending on the specific loan and amount that you decide on. Remember that we’re not a lending company, however, we work with lending partners to help ensure that you get the best options for your business’ needs.

The goal is to make the process as quick and painless as possible. You can get information about whether or not your loan has been approved quickly and you get your funds to you quicker than the standard approach for getting business loans. It’s a quick, painless, and convenient process that only requires you to apply. It’s an online form that you can fill out at your convenience. After you apply for the loan, our team will get in touch with you either by email or phone to obtain any other information that is required for your loan. If you have any questions, you can feel free to contact us at any time.

Need Fast Cash Now? Services that We Offer

Do you need fast cash now? There are several services that we can offer including Merchant Cash Advance (MCA), unsecured business line of credit, and both unsecured and secured business loans. This section will take a closer look at each of these services that you can take access.

Merchant Cash Advance (MCA)

The problem with small business loans is that they don’t offer you a way to get additional working capital for your business. Not only can the process of applying for the loan be long and take so much time, but you may end up with strict requirements and terms that can negatively impact your future cash flow. That’s why MCA options are so popular. You can get the capital that you need without hurting your future growth. These repayments are calculated based on your future income, meaning that it’s flexible and easy without risking your business.

The requirements for these types of loans are relatively easy to meet. You need to have been in business for at least between 3 and 6 months, with monthly revenue of $10,000 as well as a FICO score of 500 or more. You can request between $5,000 and $500,000.

Unsecured Business Line of Credit

Another great option is the unsecured business line of credit. This is a flexible option that allows you to get the money that you want when you need it. With this option, there are plenty of great benefits that you can take advantage of. First of all, you can continually use this option, unlike a loan where you would have to keep applying for new loans. You can borrow up to a certain amount of money, then pay interest only on the money that you actually used. Then, you can continue to borrow money against this line of credit and only pay interest on the money that you use. This can be an excellent option to consider.

This does have stricter requirements than what you would with an MCA. You need to have been in business for at least 6 months, as well as have a FICO score of 625 or more and monthly revenue of $25,000. You may be able to borrow between $100,000 and $500,000.

Unsecured and Secured Business Loans

You could also decide on an unsecured or secured business loan. A secured loan is the traditional loan option, where the loan is secured by an asset that you currently have or are in the process of acquiring. The benefit of this option is that you can get up to $5,000,000 in funding along with the traditional terms you’d find in business loans. If you fail to pay the loan, you would lose the collateral that you secured the loan with.

Unsecured loans are supported by the creditworthiness of the business owner(s) rather than an asset used for collateral. The advantage with this loan over a secured one is that you won’t lose any valuable asset if you fail to pay your loan. This will require a personal guarantee, which means that your personal finances could be impacted if you don’t pay your loan. Another disadvantage with this is that you will end up paying a higher interest rate since this is riskier for the lender.

These types of loans require you to be in business for a minimum time of 3-6 months and have annual revenue of $100,000. You can apply for loan amounts of between $10,000 to $500,000.

We Have the Help You Need!

We can help you today with our wide variety of financial services, including bad credit loans. We just want to give you the options that you need to grow your business with fewer worries about the money you need to accomplish your goals: South Florida Funding Group, an alternative business funding company, 786-544-2700.