SMALL BUSINESS LOAN
Are you Eligible For an United Fundings
Merchant Cash Advance?
TIME IN BUSINESS
1 YEAR MINIMUM
MONTHLY DEBIT CREDIT CARD SALES
$4000 MINIMUM
LOANS
$5000 TO $1M
CREDIT SCORE
550 + FICO SCORE
United Fundings minimum qualification are less than those of banks. We’re focused on getting you approved so your business can thrive.
The Leading Provider of Short-Term Financing
For Small to Medium-Sized Businesses
At United Fundings, we work with you to identify which methods of alternative business financing work best for your business.
A Typical Scenario of How Merchant Cash Advance Works
With the U.S. Small Business Administration reporting that approximately $11 billion was approved across all Small Business Loan programs for the entire year of 2012. And yet, Small Business Loans are on the rise. That amount had already almost doubled—hitting $18.9 billion—by mid-2017.
With more entrepreneurs starting their own small businesses annually, and those already in business borrowing at higher rates to either sustain or grow their companies, it’s no wonder things are looking bright.
Even though these loans have amazing rates, small business owners have questions on their minds when it comes to borrowing money to cover their small business needs.
For instance:
- What exactly is a Small Business Loan?
- When should you get one?
- What benefits do Small Business Loans offer
- How do you apply?
- The list goes on and on.
Let’s dig a little deeper into all of these questions.
What is a Small Business Loan?
A Small Business Loan is money borrowed to start, grow, or keep a small business afloat. Some of them are secured, meaning you need to provide collateral and others are unsecured, which are granted based on your credit score.
Among the Small Business Loans available, a few of the most common include:
- Startup loans
- Construction loans
- Franchise-based loans
- Merger and acquisition loans
- Working capital loans
- Equipment financing and refinancing loans
- Merchant cash advance loans
- Accounts receivable loans
What Can I Use a Small Business Loan For?
A Small Business Loan obtained by a startup is often used to buy any necessary property, buildings, equipment, or inventory to put the business owner’s dream into action. It can also be used to help finance your day-to-day operations when you are working hard to reach your breakeven point
If your goal is to expand, Small Business Loans help you purchase additional inventory, buy or build a physical location, or buy more equipment to help grow your business.
Most businesses have periods where they’re struggling. A Small Business Loan can help cover operational expenses until things pick up again. This includes funding payroll, buying supplies, and paying vendors.
How Do I Benefit from a Small Business Loan?
They effectively help you run all aspects of your business, minimize any disruption during slow periods and giving you cash flow options if you’re ready to take your company to the next level.
How Do I Apply for a Small Business Loan?
The first step is to make sure you qualify for the specific business loan you want.
Business loan eligibility can depend on a number of factors, such as:
- How long you’ve been in business.
- The assets and liabilities you have.
- What is your revenue or expected revenue is.
- The industry you’re in.
- Your credit score.
- What do you plan to use the loan for.
Depending on which lender you choose, your may need to visit your local bank, credit union, or financing company to complete all of the paperwork.
Alternatively, you can also apply for your Small Business Loan online when using a broker like United Fundings. Easy, convenient, and perform your application at any time during the day.
At United Fundings, our goal is to help small businesses acquire the cash funding they need as quickly and easily as possible with an attractive financing option.
Ready to grow your business?
What Are the Costs Associated with a Small Business Loan?
Small Business Loan rates and costs can vary wildly. Make sure your lender knows which loans and rates best suite your business needs and ability to repay.
Is a Small Business Loan the Right Option for Me?
Still unsure? Here are some questions you’ll want to ask yourself:
- Do I have enough cash to start my small business without putting my family’s welfare at risk?
- Am I entering a slow season where I typically have difficulty paying my bills? Would a Small Business Loan take some of the stress away?
- Am I ready to grow my business, but just need some financial assistance to make it happen until I can increase my revenues from the extra sales?
Why Choose United Fundings?
Are you dreaming about your business growing at such a rate, you’ll have new and exciting challenges to tackle because of the rapid growth? Or is an amazing opportunity staring you in the face right now, but you don’t have the cash on hand to capitalize on it?
United Fundings can help you obtain the funding you need to make anything happen.
Our loans for small businesses are designed to:
• Help you start your business.
• Tackle the inevitable growth challenges you face while building your business.
• Simply help you get through the slow times, like when your industry has a natural lull.
Best funding options for your business
At United Fundings, we provide better funding options for small businesses just like yours. We’re there for you when you need to make fast investments when business opportunities show up because a number of our Small Business Loan options can be secured within a couple of days versus the traditional weeks or months of a typical bank loan.
At United Fundings, We provide better funding options for small businesses just like yours. We’re there for you when you need to make fast investments when business opportunities show up because a number of our Small Business Loan options can be secured within a couple of days versus the traditional weeks or months of a typical bank loan.
United Fundings was founded in 2012 by a group of finance experts from the fields of investment banking, commercial banking, and mortgage banking. Burnt out from dealing with the traditional banking system, the group founders and their assembled expert team realized that their clients were struggling with this dilemma as well.
Whether it was from needing emergency funds to handle unexpected expenses… or, more importantly, when an amazing opportunity came across their desks that required fast cash to secure and capitalize on… … our business owner clients didn’t have time to sit around and wait for a traditional bank loan. Speed, and efficiency was everything to them.
Although the team wanted to help these passionate entrepreneurs, they realized that the banking system was too rigid and too slow. No amount of hard work or determination could change a system so rooted in its place.