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New Business Loan

Everyone has dreams, but it takes money to execute them into reality! Running a small business and that too a startup in this economy is a bit stressing. No business is going to generate enough money on its first day. In fact, you need an extra couple of bucks to establish a proper office set up. This is where new business loans come in to play a part. Due to a significant increase in small businesses in the industry, the number of alternative lenders is increasing as well.

Merchant Advisors provides New Business Loans that are specifically designed to amplify the growth of startup businesses. Apart from this Merchant Advisors also offers secured person to person lending monitored and regulated by the Securities and Exchange Commission.

Loan Range
Loan Range

$5,000 to $1 Million

NO HIDDEN FEES
6 months to 5 years

Loan Term

Interest Rates
Interest Rates

7-25%

Availability
Availability

24 hours

New Business Loan

Advantages of New
Business Loans

1. Fast, reliable, and easy process.
2. Lower interest rates.

Disadvantages of New
Business Loans

1. Loan approval takes longer than usual.
2. A fair or good credit score is required.

Required Credentials To Qualify For New Business Loan

The most important question in the mind of business owners is, ‘Will I be able to qualify for the loan?’ Let’s break down the new business loan! Usually, most of the traditional and alternative lenders offer their loans to business owners who have been running their business for more than 6 months. So, it is only fair that new business loans go to owners who have been running the business for less than 5 months.

Furthermore, a credit score holds the most crucial spot in a loan approval. Your current credit score is positively correlated to loan approval; the higher your credit score, the higher are your chances of approval. Let’s have a brief look at the qualification criteria!

Time in Business
Time in Business

0-5 months

Credit Score Range
Credit Score Range

At least 660

Borrower’s Age
Borrower’s Age

18 years and above

18 years and above
18 years and above

Permanent US citizen

Bank Status
Bank Status

You must have an open bank account.

If you fall in the above-mentioned criteria, then you are a perfect candidate for a new business loan, peer lending, crowdfunding, and other multiple grants. If you have a bad credit score, we have good news for you! All these peer lenders don’t look for a wholesome credit score instead they are more interested in your plans and future aspirations concerning your business.

How can I get New Business Loans?

Merchant Advisors gives you a loan up to $25,000 on as low as 7.93% interest rate..

Apply
Apply

Fill an online application in minutes.

Get Funded
Get Funded

It only takes a couple of days!

Repay
Repay

Make a fixed monthly payment on time.

Required Documents

Bank Statements
Bank Statements
Financial
Financial Statements
Business
Business & Personal Tax Returns
Driving License
Driving License
Strategic
Strategic Business Plan
Strategic
Business Debt Schedule

Diving Deep Into The Mechanics Of New Business Loans

It is easy to dream big, but money is one of the harsh realities of life. One can’t transition a dream into reality without money being an important part of it. So before you give up on all of your business dreams, let us take you out of the misery. Merchant Advisors offers a variety of funding options. Come with us and go over the funding option one by one. A ray of hope still exists!

Why elect Merchant Advisors as your New Business Loan Lender?

We offer custom-tailored our services as per the needs of our customers. We offer:

Peer lending is not available in
the following states:

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The Final Thoughts

Merchant Advisors just like many alternative lenders have made it easier for the lenders to secure the business loans. But the important question that needs to be asked here is ‘why do you need the loan? ’Make sure you have a realistic and rational reason to apply for the loan. Who doesn’t love the never-ending stream of cash! But small business loans come with additional responsibilities. If you fail to pay the loan on time, the poor credit score will be marked all over your credit report.

So, if you are certain, you will make the payments on time then apply for a business loan and take your business to new heights.