Need a Small Business Loan? Learn How to Apply for Instant Small Business Financing
So many business owners go after a small business loan when they are in a bind. When cash is low and sales are slow, business owners often rush to find the money they need to keep the business going. They often look for instant business financing, not realizing that there is really no such thing. When you apply for business funding, most lenders take at least 24 hours to make a decision. And even when that’s the case it can still take a few days for you to receive the loan.
Same day business financing options do exist. But not in the way you may think. Same day business financing options allow you to get an instant approval for a credit card on the same day you submit an application. However, the reality is that the card will be mailed to you which can take 5 to 10 business days to get to you. That means you can get approved quickly but the money still won’t be in your hand. The fact of the matter is, when you apply for small business funding, in most cases you will have to wait up to 2 weeks after getting approved before the money is in your hand. That’s still pretty quick. Some lenders can take 9 months to simply approve a loan.
Tips to Shorten the Time It Takes to Get a Small Business Loan
To apply for business funding, proper preparation is key. Small business owners who get cash fast often come to the table well prepared. Being well prepared means understanding what criteria you need to meet to get approved. This can mean building a good personal credit profile, creating a written business plan and having copies of your financial documentation readily available. (Financial documentation can include tax returns, bank statements, accounts receivables aging reports, profit and loss statements, and balance sheets, etc).
Before you apply for instant small business financing, ask the lender what is their minimum criteria for approval. Specifically, ask them what credit requirements you need to meet and what documentation needs to be submitted to support your capital request. Lastly, ask them what are reasons for denial. Asking the right questions will enable you to properly prepare yourself to get approved.
BusinessFinancingHub Helps You Get Instant Business Financing
We offer business credit card financing services that consist of enabling you to educate yourself on how to get card financing and providing you with a platform to apply online instantly. If you have built a well established personal credit history and you have all of the supporting documentation (on hand) that a lender may ask for (as mentioned earlier), you have a good chance of getting an instant business credit card using the BusinessFinancingHub platform.
Instant Business Financing that Comes with Instant Perks
One of the other great things about using BusinessFinancingHub to apply for business cards to finance your business is that a lot of them come with instant perks. Those instant perks are cash back credit card rewards. Cash back rewards can benefit business owners in several ways. Firstly, with cash back rewards you can get a percentage of your money back on purchases made for the business. Secondly, you can get discounts on travel and other business services such as marketing and advertising and phone services. If you spend a lot on business services like this, a business card may be suitable for you.
How to Get Approved for a Business Card Financing Today
What it takes to get approved for a business card is different from is completely different from a personal loan. To get approved for a business card via BusinessFinancingHub, you will need a personal credit history that has been built over time. Your personal credit history needs to show that you have at least one personal card in your name.
Having a personal card in your name will give lenders an idea of how well you manage revolving debt (a credit card is revolving debt). Having at least $5,000 worth of personal cards in your name (for at least 5 years) will increase your chances of getting approved for a business card using our website platform. If you currently meet these qualifications, you can apply for the business cards below. Before applying, compare each card to determine which one will best meet your business needs. The different features and benefits you will experience with each card is outlined. Apply for instant small business financing today!
Featured Business Credit Cards