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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. Not all small businesses can generate stellar profit in its initial stages. A stream of flowing cash can help establish a proper setup. 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 Amount

$5,000 to $1 Million

NO HIDDEN FEES
Loan Term

6 months to 5 years

Interest Rates
Interest Rates

7-25%

Availability
Availability

24 hours

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 a New Business Loan

The most relevant 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 businesses for more than six months. So, it is only just that new business loans go to owners who have been managing their companies for less than five months.

Furthermore, a credit score holds the most crucial spot in loan approval. Your current credit score positively correlates with 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
Residency

Permanent US citizen

Bank Status
Bank Status

You must have an open bank account.

If you fulfill the 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 a New Business Loan?

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; it's a fundamental element! So before you give up on your small business dream, let us take you out of the misery. Merchant Advisors offers a variety of funding options, explore them one by one.

Why elect Merchant Advisors as your Business Loan Lender?

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

Peer lending is not available in
the following states:

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Final Thoughts

Merchant Advisors, just like many alternative lenders, has made it easier for the lenders to secure the business loans. The primary question one has to ask is, why do you need the loan? Make sure you have a realistic, and rational reason to apply for the loan.

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.