Shorten your time to business funding
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US Business Finance Corp helps business owners apply for their business funding since we have that most delays in funding are in the application phase. Typical business loans require prior years' tax returns and financial statements. Your accountant can quickly produce the returns, Balance Sheet and Profit and Loss Statement. Check with your lender if they have a particular format for showing the Cash Flow report.
Another area where business owners can speed up the loan application process is for the owner to check his/her credit report(s) history prior to a loan application submission. The fastest way to check is to use the government's website. The federal government set up www.annualcreditreport.com to allow people to check their credit report once a year for free. This report does not give you your credit score, though for a small fee you can get that also. The main area you want to check is that all creditors are valid. If you have any credit cards just above the 50% level of your available credit limit, it would improve your credit score to get the balance below the 50% level.
You can further improve your credit score by going to www.optoutprescreen.com or call 1-888-567-8688 and get removed from the list banks use to send unsolicited credit card offers. Typically your score will improve if less third party organizations are requesting a "look" at your credit history. So get off those marketing lists as soon as possible.
If your business is new and does not have the necessary history for traditional business funding, US Business Finance Corp offers a business cash advance option that requires a business history of less than a year (nine months). The cash advance also does not require any collateral and gets repaid from a small percentage of your VISA/MasterCard daily sales receipts over the next six to ten months. Since the repayment plan is based on a small percentage of sales, there will be no fixed payment that must be met every month. Best of all, as business picks up, your cash advance is repaid sooner.
For businesses that are considered high-risk or are unusual, which may simply mean you are using a new technology, a business cash advance also provides solid operating capital funding. Not only does this alternate business funding method help high-risk businesses, cash advances are usually wired to the approved applicant in less than a week!
For more help with your business loan application or to explore what a cash advance product can do for your company, please contact US Business Finance.