Starting a business all by yourself can be hectic – especially when it comes to sourcing funds. But it doesn’t have to be like that! We can help you set up quickly and smoothly with our microloans for small businesses. 

Here is how to open a bank account for business

And the best part: our processes are streamlined to give you comfort! Even when you can’t pay your workers’ salaries, our small loans for small businesses still got you covered. We are here to make your dream of owning and sustaining a business come true.

So, name anything that $50,000 can do for your ventures, and our experts will be on hand to help you. All you have to do to start is reach out today to get our rates!

Why Should You Choose Our Small Loans For Small Businesses?

Our Rates Are Affordable

As a startup, you definitely won’t have a proven track record for credit payment. While other loan companies would worry about that, we don’t. And even when other lenders lend you money at that stage, their rates are outrageous.

Well, we are one of a kind, and we are genuinely interested and committed to seeing small businesses grow. For that reason, we only offer rates that are commensurate with your plans.

Our Plans Are Flexible

We understand that microloans for small businesses can be somewhat limited in terms of funding and repayment. For that reason, we created flexible plans for our loans.

When you approach us with a need, we will first weigh your request. Then, we will assign you a personal advisor. He will further evaluate your business and advise you on which of our microloan plans is best for your company.

And after that, we will guide you through our repayment options. That way, you can repay the loans at your pace without stifling the growth of your small business.

Our Loans Are Secured

We are not a greenhorn lender; we have been in the business for over a decade now. Most importantly, we are certified. In other words, rest assured that our small loans for small businesses are safe for use and with no complications. Moreover, microloans don’t need collateral. So, you have nothing to fear.

Besides, our testimonials are proof of our excellence and professionalism. So, if you seek a reliable, fast, and secured loan for your small business, we are your one-stop location.

FAQs About Microloans For Small Businesses

Can I Get A Small Business Loan Despite A Bad Credit Score?

If you already have a bad credit score, getting any loan would be almost impossible. If that is you, we will advise you to improve your ratings. If you don’t know how to do that, you can reach out to us for guidance.

What Are The Steps Involved In Securing A Small Business Loan?

To access small loans for small businesses, you need a business plan. Having one shows a lender that you are serious about your company. More importantly, it shows him if your model is profitable and feasible. Ultimately, your plan will qualify you for the loan that you need.

After submitting a top-notch and clear business plan, revisit your credit history. Even though microloans are for startups, lenders would still prefer to work with a borrower with a commendable credit history. So, ensure you have a workable one!

Lastly, though rare, it is advisable to have collateral or a personal guarantee at hand should your lender ask.

How is a risk and reward calculated? Here is an article to read 

Are There Restrictions On The Use Of Microloans?

Microloans are basically for small businesses. And depending on your lender, you might have to obey a few restrictions. Regardless, you can use your small business loans for:

• Starting your business from the ground up – or resuscitate it, 
• Marketing purposes,
• Payment of salaries and training expenses,
• Purchasing office supplies,
• Seasonal expenses that relate to your business goals, and
• Working capital to buy inventory or supplies.

Do you have further inquiries? Reach out now, and let’s discuss them!