Last year small business financing accounted for about $1 trillion dollars in funds borrowed through financial institutions. Clearly small business finance is big business. But what are some of the reasons that this growing sector of small businesses seek financing, where do they find it and what is the decision-makers’ funding criteria?
What Are the Principal Reasons For Small Business Financing?
There are three key reasons for small businesses to seek funding.
- Inventory purchases
- Business expansion
- Financial strength
National Business Capital welcomes businesses whose lack of a sound credit history has denied them funding elsewhere. We also understand that business expansion carries with it numerous financial responsibilities. Therefore seeking a loan for some key expenses, such as additional inventory, represents a solid business finance decision that also demonstrates financial strength.
Will My Bad Credit Impact My Loan Application?
Many of our clients have been turned down for loans at their banks for any number of reasons. At National Business Capital we do not base our credit decisions solely on personal credit or other factors that would prevent you from obtaining financing. Tax liens and other garnishments pose no obstacle in securing the business financing you require. Our unsecured small business loans are available in amounts up to $2 million and carry absolutely no restrictions as to their use.
I Need Business Funds Yesterday. Is Applying for a Business Loan a Long, Drawn Out Process?
Do you have two minutes to spare? If so, National Business Capital can help you. Fill out our easy to fill out form and you’ll have your decision within 24 hours. National Business Capital approves 90% of our loan applications and the monies are available within days. National Business Capital knows you’ll have questions about business finance. We’ll be glad to review your options with you. For more information, fill out our application form or call us at (888) 888-9124.