Small Business Financing
Small businesses are the lifeblood of our nation, lining Main Streets from California to New York, they represent almost half of the private sector workforce, and have generated 65 percent of new jobs over the past 17 years. Unfortunately, while big businesses have regular access to funding from the government and the banks, perfectly healthy small businesses struggle every day to access working capital.
Fortunately, there is now a glimmer of hope as a few companies focus specifically on Main Street, and can provide them with the capital they need to grow and prosper.So, how can small business owners increase their chances of obtaining the Small Business Financing they need.
Small Business Financing Options
A lending expert will tell you that it helps to have a Small Business Financing with strong cash flow, a history of profits, and good business credit. However, even when all these factors are taken into account, traditional lenders may turn down requests from Small Business Financing, because they assess the business primarily on the personal credit score of the owner. If this happens to you, where can you turn?
The good news is that there are now companies offering loans to small businesses that fit those qualifications, but are unable to obtain traditional lines of credit or loans. One unique company that specializes in helping these Small Business Financing is On Deck Capital.
Unlike traditional lenders, On Deck Capital can approve applications in 2 business days, and can fund companies in as fast as 7 business days. The On Deck approval process focuses on cash flow and the general health of a Small Business Financing, as opposed to the owner’s personal credit score.
About On Small Business Financing Deck Loans
- 6, 9, and 12 Month Terms
- Approvals in as fast as 2 Business Days
- On Deck Capital also provides a valuable free analysis of how lenders view your business, and the lending options that may be available to you.
Small Business Financing
- How lenders look at your business;
- Your best options for a loan based on your business data; and
- Insights into your business, based on your cash flow and bank data.
Regardless of whether you end up using On Deck Capital for a loan, their free service is valuable for any business owner. You will quickly learn how lenders view your business, and what areas you may need to improve in order to succeed in obtaining the loan you need. Small Business Financing