Sentences with phrase «traditional business loan application»

Not exact matches

Traditional lenders have and continue to reject a good majority of small business loan applications and have tightened their lending policies.

Time Is Money: Traditional lenders, like banks, can take weeks to process your business loan application and for you to receive the funds.

Although a traditional small business loan from the bank is a good option for some borrowers and some circumstances, there are many situations when the typical weeks - long processes associated with their application criteria makes it simply too slow or burdensome given the business need.

When you consider the traditional weeks - long process and reams of documents associated with a traditional loan application, a simple, easy - to - understand, online loan application makes a lot of sense for time - crunched small business owners.

Although it's true that some lenders tend to weight the value of your personal score higher than others (banks and other traditional lenders fall into this category) when they evaluate your business loan application, most lenders include a review of your personal credit score when they evaluate your business» creditworthiness.

Fueled by web - based tools that speed up the application process, a new paradigm for evaluating credit worthiness, and the ability to leverage technology to help them determine eligibility (often in under an hour), these lenders may approve business loans that might be overlooked by traditional banks, and can typically do it in much less time than their traditional counterparts.

Traditional bank loans are the most obvious method of financing your endeavor; but before you get your heart set on getting one, consider this fact: more than 82 % of small business loan applications are denied by big banks.

Having a credit score within this point range will typically result in a rejected business loan application from a traditional bank or lender.

And with traditional banks turning down up to 80 % of business loan applications, alternative funding might be the best option for you anyway.

We recommend a commercial real estate SBA loan from SmartBiz for business owners who can qualify for a traditional SBA loan, but want a faster application and funding process.

Although it's true that some lenders tend to weight the value of your personal score higher than others (banks and other traditional lenders fall into this category) when they evaluate your business loan application, most lenders include a review of your personal credit score when they evaluate your business» creditworthiness.

Time Is Money: Traditional lenders, like banks, can take weeks to process your business loan application and for you to receive the funds.

When you consider the traditional weeks - long process and reams of documents associated with a traditional loan application, a simple, easy - to - understand, online loan application makes a lot of sense for time - crunched small business owners.

Unlike traditional loans that require extensive application processes and adherence to business hours, you can complete an online loan application in just a few minutes.

Although a traditional small business loan from the bank is a good option for some borrowers and some circumstances, there are many situations when the typical weeks - long processes associated with their application criteria makes it simply too slow or burdensome given the business need.