How to Obtain a Small Business Loan

Obtaining a small business loan may seem like a huge hurdle for a struggling business, however it may not be as difficult as you may think. If your small business is promising and has great earning potential, obtaining a small business loan may be a simple process. In fact, it is easy to ascertain whether you qualify for such a loan through pre-approval.

The pre-approval process can often be conducted online and may require that you answer a few basic questions about yourself and your business. This is just for the lender to ascertain whether you meet some of the basic requirements. Once a pre-approval is obtained, the process would involve the completion of an application form and the submission of any supporting documentation. With Funderio after completing an online pre-approval, obtaining a business loan is a simple 3 step process of applying and matching you with the best funding partner. Pre-approval may be done online or via telephone by speaking with a financial loan specialist which makes the process very convenient and prevents and time wasted.

With Funderio, there are no application fees and applicants may apply for and quality for up to $750,000. There are no obligations for simply completing an application form. However, there are basic requirements for actual funding. Your business must be producing revenues of at least $8k a month or more, be in operation for at least 6 months and you must have a personal credit score of above 500 as well as the business must fall within certain accepted industries. Funderio works with a large base of funding partners which increases your chances of being successfully matched with a lender. In addition sometimes funds may be disbursed in as little as 24 hours of approval provided that all requirements are in place.

Applicants should bear in mind that the business must produce proper documentation and all your financial records must be in order to obtain a small business loan.