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How to Get Approved For a Small Business Loan

Follow the steps on how to get approved for a small business loan. The steps below increase your chance of being approved.

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Call 919-771-4177 for more info.

How to get approved for a small business loan

  1. Step 1  Search online for lenders that allow you to leverage the strengths of your business when you apply.   Consider your revenues and type of operation as well as credit and time established.
  2. Step 2 TIP: Picking a program that matches your company strengths will go a long way towards getting approved.
  3. Step 3  Review the criteria from different lenders needed for approval. Make a list of the top two or three funders and their best matching programs.

    Review the criteria from different lenders needed for approval.
    Make a list of the top two or three funders after reviewing the criteria.
  4. Step 4 Contact lenders online and by phone. Review as much approval criteria as you can with a representative. Try to get the best idea possible how closely your profile matches the requirements for approval.

    How closely does your business profile meet the approval criteria?
    Get the best idea how likely your business is to get approved for funding with approval criteria.
  5. Step 5 Settle on the best match between different business loan programs and your strengths. Also consider your business requirements and time for funding. Apply for those programs that are the best match.

    Apply for the best matching program.
    Choose the best matching business funding program then apply
  6. Step 6 Read the terms and conditions on any approval.  Make sure there are enough revenues to cover the payments and meet all the requirements. Complete closing requirements to fund the transaction.
    Small Business Loans Depot
    Small Business Loans Depot

    Alternative funding for businesses
    Small Business Loans Depot

Need to get approved for financing?  Apply now below:

How to get approved for a small business loan
Step and tips to help get approved for a small business loan.

Data Secure 15 Second Request Form Here.
Or Question, call us at Tel:  1-919-771-4177.

FAQ :

How can we get approved for a small business loan?

Complete an online application. Provide any additional information on your company’s strengths, such as sales or start date. Doing so gives you a better chance of being approved, for a higher amount, and with better terms.

Is there a minimum time in business required?

Three months are required. Programs with vehicles or accounts receivables do not require 3 months. With revenues, you may be approved right after setting up licensing.

Can we be prequalified to avoid being declined and credit pulled?

Call us and we can review your information and prequalify you over the phone. If your business does not qualify for one product, you may qualify for one of many other loan options.

Can we get a longer term?

Options for 1 to 2 years are available. 36, 48 and 60 month programs with a monthly payment are available for customers wanting a longer repayment.

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Canadian Small Business Loans

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🇺🇸 Call 919-771-4177 for more info.

Data Secure 15 Second Request Form Here.

What type of alternative business loans can I get in Canada?

Canadian Business bank statement loans

Canadian companies can find alternative working capital loans available in the United States.

Another option is a business bank statement loan.

The company’s business cash flow is how they can qualify.  Because of this, the business needs to have the following:

  • $10,000 per Month in deposits each of the last 3 months.
  • 5 or more deposits per month.
  • An average daily balance of $1,500 or more.

How do I qualify for a business loan in Canada?

Review the alternative business loans for businesses in Canada on this page.   Decide which option you may qualify for.   Complete the Online application above or call and talk to a representative and discuss which loan option might be best for your business.

Canadian Accounts Receivables financing

After a Company’s products have been delivered or services rendered to another company, they send an invoice for payment.  Canadian Accounts Receivables financing funds about 75% of the face value of the invoice is paid immediately to the company issuing the Invoice.   When the paying company pays the invoice, the last 25% is paid minus a service fee. As a result, the company’s cash flow is accelerated by 100% during the year

FAQ Frequently asked Canadian business loan questions and requests

Can I get a business loan in Quebec?

We have excellent options for businesses in Quebec. Terms between 3 and 9 months with competitive rates and fast funding.

Amounts range from $10,000 as high as $500,000 for Canadian companies. Establish a relationship now for easy future funding. Underwriting offers fast renewal funding options. Apply above.

Canadian small business loans. Get easy and fast alternative business loans for businesses in Canada. Short 30 second Application.

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Cash Flow Loan

Hispanic Business Loans Made Easy

Choose from several hispanic business loan options .  Flexible choices including easy application and personal assistance during the entire process.   Lengths are between 3 months and 10 years.  Approval is available for almost all industries.  Low credit scores, tax liens and new business can also be approved.

Click to Apply Securely Here!

Data Secure 15 Second Request Form.

Call 919-771-4177 for more info.

$5,000 to $250,000.  Fast and easy process.   Just a 1 page application.   Minimal paperwork and also bad Credit is Accepted. Tax liens can be accepted.

These business owners whose main language is not English often have difficulty getting working capital loans.   This also includes foreign nationals who are often not familiar with the loan process in the United States.    We provide extra assistance to these companies.   Many do not speak English and need further assistance.

hispanic business loans
business loan for the hispanic community

Programs for getting equipment, adding new employees and money for materials.

FAQ Frequently asked questions:

What is provided for  hispanic business loans? 
You submit the same information.   A one page application and the most recent 3 months business checking account statements.

Can I get a loan in my personal name? 
No. The application must be in the business name.

Can we get longer terms?   Yes.   The business can get a short term loan.   This would be 3 to 6 months.   Over 24 months is available.

Other resources:

Another source of information on minority loans is the SBA

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