Many small business owners are still getting back on track after the Great Recession ended,
Small businesses are turning to a new alternative lenders that are working to help improve their business cash flow.
The alternative lending programs are totally different from a bank loan and use software that reviews online sales, banking transactions and comments on social-media sites.
The good thing about these programs is that the alternative lenders can make a loan decision in a matter of days instead of weeks or months. Many banks would take weeks or months to come to a decision only to have the business owner find out that they were denied for the loan.
Ideally a lot of businesses are seeking short-term loans of up to as much as $50,000 to $150,000. Many of these businesses would never be eligible for a bank loan.
Small Business Loans Depot works with all types of businesses including contractors, dentists, plumbers and offers many types of loans.
Small Business Loans Depot will work with any business that has been established at least 4 months and has 3 months of verifiable revenue. The funds received may be used for any purpose including expansion, adding staff and paying bills.
Many businesses need funding for advertising and new product lines. Banks in many cases focus on lack of time in business or collateral. Small Business Loans Depot is an alternative lender that can help small business owners receive the additional capital and cash flow needed to do what is necessary to gain additional funding.
Ed Rogers is the main contact that can assist you with your loan and bank statement loan needs. Ed may be reached at 770-516-8313.