Select Page

Profitable small businesses can quickly go out of business if they run out of cash. Similarly, struggling unprof small companies can be survived for a very long time if they have a good cash balance. Simply puts, money is the life blood of American small companies.

Small Business Loans in Oxford, Alabama

Naturally, when times are tough, inability to acquire capital to pay day-to-day operating expenses typically becomes a source of worry, stress and anxiety and diversion for small business owners.

In these cases, numerous small company owners think about looking for short term financing.

Small Business Loans in Oxford, Alabama

Regrettably, most of huge city and village standard loan providers have rigid and strict criteria that their customers need to meet.

Because of this, there is four specific features that are required by those looking for service funding.

Easy credit approval:

Businesses have a separate credit ranking from the business owner. Even if business owner has a high credit rating, business may not have an established credit rating (especially if freshly developed). For that reason, prospective loan providers have to provide solutions with that take the business owner’s individual credit into factor to consider which accepts candidates with less than best credit.

Rapid Financing Time:

Usually, when a business is seeking out 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 approved and financial resources just aren’t suitable to many services needs

No Red Tape:

Lots of traditional lending institutions 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 service, it’s not very handy for a new company that has stayed in business for six months to a year

Small Company Friendly:

Often, physical lenders only service businesses doing 20k or more in regular monthly income. This disqualifies smaller sized services doing 10k-15k in regular monthly income.
Because of the strict aforementioned qualification requirements imposed by conventional lenders, more and more company owner are turning to the myriad of online lending services now readily available to small business owners in Oxford, Alabama.

GoTorro Small Business Loans offers rapid funding in as low as 48 hours, of amounts ranging from $10,000 – $500,000 to debtors that meet the following fundamental credentials requirements:

500+ FICO Score

6+ Months in Business

10k+ Monthly Revenue

No security, No bank declarations, 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

error: Content is protected !!