Choosing the Best Lenders of Small Business Loans for Women
Private capital lenders have been helping small business women entrepreneurs with cash loans to meet their small business needs such as making payments to staff, purchase of new equipment for business and maintaining of inventory. The cash can also be used meeting business tax obligations and other expenses needed for smooth operation of day to day affairs of the organization.
Cash is advanced after assessing the assets and the repaying capacity of the business. It can be repaid with a small fixed percentage of your daily credit card transactions. The money you get as loan can be used to expand your business and you repay from the additional capital resources you make out of the growth.
The process of obtaining loan for women owning small business is simple and straightforward with no surprise elements and no hidden charges. They do not tell you how to use the loan amount. If your credit card transactions are in the region of $5000 per month, you can get as much as $250,000 sanctioned within days based on your business profile.
The program is unique in its payback policy. The creditors will only take a small portion in the range of 10 to 25 percent of your credit card processing daily to help you repay the advance. Depending on your specific business program and potential, the lenders will take an additional 15 to 45 cents on every dollar loaned to you. Your small business loan will be processed faster and without hassles if you can provide basic documents such as:
The previous three months credit card processing statements
Previous three months bank statements
Copy of your driving license
Copy of cancelled or voided check that they will use to transfer your advance to
Copy of lease agreement
The relevant application duly completed and signed by owner of the business
The entire process from receiving the fully completed application along with the mandatory documents can take just a few business days. The amount will be transferred to your business account and you will be informed about the same. You are free to use the advance payment for inventory purchase, growth and expansion of your business, making improvements to your store and business facilities and also for marketing and advertising your products and services.
You can find the best funding sources for women’s small business online. The application process is simple and user-friendly. Make sure that you choose lenders of impeccable reputation.
Joseph Richard - About Author:
If you are looking for small business loans for women, Get easier and faster unsecured business financing options for women owned businesses. Feel free to contact our customer service representatives to find out more information at our website www.merchantcashandcapital.com.
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