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Profitable small businesses can rapidly go out of business if they run out of money. Similarly, struggling unprof small companies can be kept afloat for a very long time if they have a decent cash balance. To puts it simply, money is the life blood of American small companies.

Small Business Loans in Flagstaff, Arizona

Naturally, when times are tough, inability to get capital to pay day-to-day operating costs often ends up being a source of worry, anxiety and diversion for small company owners.

In these cases, many small business owners consider seeking short-term financing.

Small Business Loans in Flagstaff, Arizona

Unfortunately, the majority of big city and small town standard lending institutions have stiff and strict requirements that their customers must satisfy.

Because of this, there is 4 particular features that are demanded by those looking for company funding.

Easy credit approval:

Organisations have a separate credit rating from business owner. Even if business owner has a high credit score, business might not have a recognized credit report (specifically if recently developed). Therefore, prospective lending institutions have to offer options with that take business owner’s personal credit into consideration and that accepts applicants with less than ideal credit.

Rapid Financing Time:

Normally, when a business is looking for a loan, they have operating costs that they need to be able to pay within the next 7-14 days (such as payroll and suppliers). As such, loans that take weeks to be authorized and financial resources simply aren’t ideal to many organisations needs

No Red Tape:

Numerous traditional lenders needs months of bank statements and years of tax returns to be able to process a loan application. While this might not be a big deal to a well-established business, it’s not really valuable for a new service that has beened around for 6 months to a year

Small Business Friendly:

Oftentimes, traditional loan providers only service organisations doing 20k or more in month-to-month revenue. This disqualifies smaller sized businesses doing 10k-15k in month-to-month income.
Because of the strict abovementioned credentials criteria imposed by traditional loan providers, increasingly more business owners are relying on the myriad of online lending solutions now available to small business owners in Flagstaff, Arizona..

GoTorro Small Business Loans provides fast funding in as little as 48 hours, of amounts ranging from $10,000 – $500,000 to customers that satisfy the following fundamental qualification criteria:

500+ FICO Score

6+ Months in Business

10k+ Monthly Revenue

No security, No bank statements, No Financials, No Tax Returns, and no credit recommendations are required.

Click here to instantly find out how much financing your small business qualifies for

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