Small Business Loans

Running a small business is not easy.

When you start a small business there are always going to be problems that small business owners face in operating the business, the most common being raising capital. Raising capital for your small business is stressful especially in conditions where small business owner’s status is treated in a similar way to borrowers with poor credit. This is because of the unstable income generated from the small businesses and this makes banks and financial institutions reluctant to yield to demands of small business owners. However there are small business loans particularly designed with business owners in mind. The loan was devised by lenders who understod the struggles that small business owners face, and built to help small businesses grow and thrive.

Whats the difference?

Small business loans are advanced to small scale entrepreneurs who require capital for purposes such as purchasing tools and equipments for business,expansion of business facilities,buying raw materials and paying wages to workers or buying improved technology for business.Borrowers can repay the loan in installments agreed upon by the bank or financial institutions depending on the income they are able to raise in a that period.Small business loans that have a flexible repayment schedule can be the best solution for the self employed people and small business owners.A flexible repayment schedule means that payments are not necessarily made after the the specified period of time.There can be underpayments,over-payments or no payments made at all often referred to as payment holiday.

Small business loans are available in three forms:

Short term loans
intermediate loans
and long term loans.

Short term loans offer funding to new businesses, and can offer loans to businesses with low credit scores. Short term loans help solve financial problems for an immediate business solution, and a quick payback. Their term can range from 3 to 12 monthh.Intermediate loans are designed more for large financial expenses with a loan term of 1 to 3 years.Long term loans supply the initial cost required to set up a business and is repaid after the business is running smoothly.They have a loan term that extends from three to seven years while some can go for about twenty five years.Depending on ones requirements,small business loans repayment terms can be agreed upon between the lender and borrower.

While small business loans offer excellent benefits for small businesses they have drawbacks as well.
They include:
The usual requirement of collateral.
Hidden clauses and fee’s.
A long application and approval process.
Stacks of paperwork.
Very steep qualifications, high credit score, and business performance.

The solution?

Online Capital set out to improve on the small business loan process, striving to make capital more accessible and easier for business owners to acquire. We keep our requirements, and process transparent at all times, and provide experienced staff to assist you along the way. Whenever your business meets a financial bottleneck or you are in need of extra finances to run or expand your business don’t let small business loans scare you, it may be exactly what your business needs.

In need of a small business loan? contact us for a quote!

Why You Should Stop Funding Your Business (And Work With A Lender)

 

 

Do you want to expand your business, but don’t have enough cash flow? Are you hesitant to take out a loan for your business because of the assumed risks? It’s common for business owners to think they need to rely solely on their own cash flow to grow their businesses. In fact, most business owners avoid funding altogether. This is a mistake

Did you know 29 percent of small businesses fail because they run out of capital? Furthermore, 82 percent of small businesses fail due to cash flow problems. If you want to be on the other side of the statistics as a small business and succeed, you need funding.

Online Capital is a program for small businesses that makes funding accessible and easy to acquire. The process is straightforward, and the requirements are transparent. There’s no guessing when you choose to apply for a small business loan with Online Capital. Want to start the process now? Contact us today!

Otherwise, read the following blog post to learn why you should choose to work with a lender instead of funding your own business.

The Benefits of Working with a Lender

Once you’ve decided to work with a lender, it can feel daunting to find the correct one for you and your business. Here are the benefits of working with a lender that fits perfectly with you:

Benefit #1 – Quick Application Process

Do you need capital? Why wait for it? A quick application process means you get one step closer to funding without the hassle. Don’t work with anyone else that makes applying for capital arduous.

Benefit #2 – No Charges or Hidden Fees

A lender can help you get the funding you need without the hidden fees and charges other companies spring on you after you’ve signed their contract.

Benefit #3 – Funding in Less Than 72 Hours

When you need capital, you need it now. A lender can get you funding in as little as three days. That means you don’t have to wait to begin expanding your businesses beyond your current cash flow.

Benefit #4 – Easy, Small Payments

Choose a lender that offers small, easy payments. This makes it even easier to grow your business with as little resistance as possible. The extra business growth will make the payments seem like they don’t even exist.

Benefit #5 – No Collateral Required

Find a lender that does not require collateral and can help you qualify for up to $500,000 in funding. This will give you the ability to grow your businesses much quicker than if you stuck with your original cash-flow plan.

Why Choose Online Capital?

If you want to grow your business faster without the hassle of cash-flow problems, you will need funding to do it. Online Capital offers all the benefits mentioned above and more to those it lends to. You don’t have to suffer long nights and early mornings worrying about if your cash-flow will be there when you need it most. Capital is the lifeline of any business. Let us be yours. Apply for funding now with Online Capital now!