Types of easy business finance loans
In addition, it is convenient that you know what types of easy business finance loans exist so that you can explore all the options and choose the best solution for your company.
The business finance loan for merchants is a fast form of short-term financing for small business owners.
Rating: personal credit score over 400, at least 5 months of business history and at least $ 75,000 in annual income. It is convenient for businesses with abundant transactions made with a credit card (retail, restaurant and service companies).
The short-term loan: is another quick way to guarantee the necessary commercial capital.
• Qualification: a personal credit score of 550 or higher, at least one year of business history and at least $ 100,000 in income.
• Frequency of payment: daily or weekly.
• The financing of accounts receivable involves the sale of your accounts receivable to a third...