Clearly defined objectives, well-thought strategies, and financial blueprint are the main constituents of an effective business plan. But despite all of the planning, in a small business minor shortcoming and expenses are inevitable. In order to keep the machine running, and to keep yourself out of the financial quandary, apply for a quick business loan.
As the business expenses can be unexpected sometimes, most business owners confide in traditional lenders. Moreover, traditional lender’s loan approval process is slow and lethargic and if your business needs a quick financial fix then this loan won’t come in handy. Fortunately, most alternative lenders are offering quick business loans.
We, Merchant Advisors, offer fast & long term financial solutions to your short term financial needs so that you can explore multiple opportunities. Small businesses need funding to tackle future projects and deal with new clients; this whole ceremony gets exhilarating with limited access to funds. With Merchant Advisors’ fast business loan you can pump your business in the right direction.
Fast Business Loans can aid you in carrying out day to day operations, or fix a broken machine or streamline the cash flow. With online access, you can fill out an application in a couple of minutes.
Usually, there are two main options to go with: Traditional lenders and alternative lenders. Although traditional lenders have offered credit to multiple small business owners, but after the economic crisis, they started giving preference to large businesses. After this, alternative lenders offered fast business loans to enrich the growth in small businesses.
Alternative lenders were nothing but revolutionary! There are a couple of primary differences between alternative and traditional lenders:
As banks are giving out loans by taking out money from people’s saving accounts so the government needs to be vigilant. On the other hand, alternative lenders don’t come under the supervision of the government. A traditional lender has to take multiple steps in order to approve a loan as compared to an alternative lender.
Traditional lenders will approve a loan after taking a careful scan at your documents. Usually, they ask for a fair credit score, balanced sheet, business debt schedule, business, and personal tax return documents – the list never ends! But the alternative lender has a short list of requirements, making it easier for them to analyze your financial standings.
Alternative lenders use the effective and fast mode of communication and you can access and apply for a small business loan, online. Their efficient mode saves time on the ends of lenders and borrowers.
You can have access to a fast business loan in three simple steps:
Tell us about your time in business, annual revenue, business plan and fill out our online application in a couple of minutes. We use an eclectic approach; we will look at all the contributing factors other than a credit score.
If we like your application, you will hear from us in less than 2 business days. As we offer flexible payment terms, you have the liberty to select the amount of payment. Read the contract carefully before signing the dotted line.
Once you are approved for the loan and have signed the contract, the amount will be transferred into your bank account. Use the funds easily to cover your financial needs and grow your business as per your dream.
Merchant Advisors provides short-term loans, lines of credit, equipment financing, invoice factoring, and merchant cash advance.
If you want to secure an amazing opportunity to increase the annual revenue but don’t have enough cash to make the investment. Or if you are running a seasonal business and need cash flow to cover the financial expenses during an offseason. In cases similar to these, short-term loans can act as quick business loans.
Business lines of credit provide access to funds in just 24 hours. Here, the lender offers you revolving credit, you can dive into the pool of funds whenever your business is facing a financial problem. With affordable rates, flexible payments, and fast access & approval, short-term lines of credit is a secure funding option.
Don’t have enough funds to buy a much-needed piece of machinery? Apply for equipment financing, and purchase a commercial oven, a vehicle, or restaurant furniture as per your business demands. Merchant Advisors provides equipment financing to help business owners in the hour of crisis. Don’t rely on fast business loans whenever you need to purchase equipment, as responsible business owner save some money for heavy expenses.
Invoice financing can act as a fast business loan. If you are facing financial problems due to unpaid customer’s invoices then this financing option is the best one for you. So don’t worry about the disrupted cash flow, because Merchant Advisors have that covered.
Moreover, if you have been rejected by the traditional lenders and on the top of that are a bad credit scorer then invoice financing is an ideal solution to your money related problems.
Lastly, Merchant Cash Advance can act as a fast business loan, it functions just like a credit card. Here, the lender will approve a lump sum of money depending on your financial credibility and your potential lender will take a chunk of money from your everyday sales this might disrupt your cash flow. Moreover, this is the most expensive type of financing so if this is what your business needs, go for it.
We have compiled these 5 different fast business loan options, compare them well and make a wise decision.
Eligibility Criteria for Quick Business Loans
There is a certain criterion that one has to meet to qualify for a fast business loan. If you fulfill the following conditions, Merchant Advisors will give you a green signal:
- A single page application mentioning your business plan.
- Bank statements from the last there months.
- No offense, but no fast business loan for startup businesses.
- Must have been running a business for at least 6 months.
- No open bankruptcies and foreclosure.
- 450+ credit score.
- The bad credit score is also accepted.
Perks of Quick Business Loans from Merchant Advisors
We value the time and dedication that customer put in their business so we offer the best of our services.
- Fast approval in 48 hours!
- Simple Application with a 90% loan approval rate
- No obligation application. No application fee. No closing costs
- Receive funds in as little as 5 days from the time we receive your paperwork
Why are Fast Business Loans better than traditional loans?
Fast business loans from an alternative lender are so much better than loans from traditional lender, here are some factors to support the claim:
Firstly, the approval time of a fast business loan from an alternative lender is 12-48 hours as compared to a traditional lender’s 90 days. Which one would be more feasible?
A fast business loan from a traditional lender allows you to borrow up to $1,000,000. On the contrary, a loan from a traditional would offer less money.
Merchant Advisors believes in a transparent process; you won’t encounter any hidden fee –application fee or an early payment fee. On the other hand, you might be obligated to pay more money if you go with a traditional lender.
Unlike a traditional lender, we don’t ask for abundant financial documents to evaluate your credibility. All we need from you is a filled loan application and bank statements from the past three months.
How can Fast Business Loans help you?
Fast business loans can be your way out of any cash related issue. Financial problems are no different than a surprise, so one must be always ready. Here is some situation where a fast business loan can act as a shining armor:
If you run a restaurant or a construction company, equipment and technology are integral to the success of your business. For example: if you are running a printing press and your one machine is down. Obviously, this will damage your cash flow, apply for a fast business loan to recover from that damage.
We all are familiar with the expenses of remodeling, but if fast business loans are available to aid you then the work gets easier. So treat yourself with a mahogany table or maintain your roof, you pick! Electrical and plumbing problems are unavoidable, so maintain your building by spending a couple of bucks on its conservation.
The primary goal of every business owner is to grow the business, and when given the opportunity one should avail it. But the expansion is not free of cost, even hiring a new employee will put some strain off your cash flow. With an external help, you can hire as many people as you see fit, stock up the shelves, and purchase inventory. Fast business loans will provide you enough capital to expand and grow your business.
Invest in future projects and grow your empire. Sometimes a perfect opportunity is at the door but due to a shortage of cash, one fails to take advantage of it. Save yourself from this disaster, act and think fast. Apply for fast business loans and get the cash in two days at the maximum.
What Sets Us Apart From The Rest?
‘Merchant Advisors’ has a remarkable record of proving financial help to small business owner from 50 states. Our lending program helps soften the blow of rejection from traditional lenders. Through our program, one can secure lending where most banks stop while retaining control of your business and meeting your business’s goals. We welcome less attractive avenues of financing with open arms.
If you are an owner of a poor credit score, you come to the right place. We have designed an affordable, simple, and flexible approach to providing working capital of $5,000 to $500,000 or more. You’ll receive the cash, usually, it takes five to seven business days!
- We offer the most competitive rates.
- Money is wired directly to your bank by our FDIC insured partner bank.
- A perfect fit for seasonal merchants.
- Early payments terms are flexible.
- You can get a loan amount up to $1,000,000.
- Early loan pay-off is available.
- We offer a loan to retail-oriented companies in business for a minimum of 6 months.
- Loan interest is tax deductible.
- The rate stays constant over the loan’s life span.
- Easy approval for one-month-old restaurant businesses.
A Last Drop of Wisdom
If you are looking for a fast business loan, it is evident you need money the very instant. Don’t sign the dotted line without reading the complete contract. One might get blinded by quick access to the cash but there is an important question to ask: Why does one need a fats business loan?
Know the needs of your business so when money comes you know where to invest. If you are uncertain about your financial needs then don’t apply without thinking and analyzing every aspect. In addition to this, if you think you can’t pay off the debt from fast business loans on time then look for another solution. So if you think your business can survive without a fast business loan, take the shelter under other business loans.
Lastly, consider all of the factors before saying yes to the lender. In most of the cases, the ideal loan is not always the cheapest. If you think you can pay off the debt easily, apply right away!