Online lending is a relatively new offering in the financial services industry, so if you’re hesitant to apply for a small business loan online, you’re not alone.
Luckily, new financial technology allows you to apply safely, securely, and easily. Here we debunk some of the most common myths surrounding financial lending online — and what it means for you.
Time is precious when you’re running a small business.
The stability of your company can change in a matter of hours — you may get hit with an unexpected bill or lose an anchor client out of nowhere — so it’s vital to be able to access funds when you need it. Oftentimes, this rules out turning to a bank for last-minute cash.
At most online lenders, filling out your loan application takes only a few minutes. You’ll often need much less information than you’d need applying for a loan at a traditional financial institution.
When you apply for financial lending online with Capital Dude, all you need is your basic information, banking details, and employment history. You find out within hours if your application has been approved, and your funds get deposited into your business account in 48 hours or less.
Simple and easy, the way lending should be.
A high credit score isn’t the “be-all and end-all” that it used to be. Many online lenders understand that, in life, sometimes things happen.
We don’t hold you to a number because you’re much more than that — that’s why we take a look at your overall financial profile before making a decision on your application.
Like most other online lenders, we focus instead on making sure your current income allows you to pay back your loan without causing you financial hardship.
You might be thinking, “Well, if I’ve seen one, I’ve seen them all.” But, in the case of financial lending online, that’s not the case.
It’s up to you to find the best loan for your business’ needs. Online lenders offer different rates and fees, so it’s worth it to shop around and see what’s out there.
Before making your final decision, also make sure to check the reviews on your lender and look for testimonials from satisfied clients.
Nobody wants to be placed on hold for hours just to get an answer to one simple question.
Because online lenders primarily work, well, online, you’ll often have a wealth of resources to help you navigate the lending process. In addition to live chat, email, and phone calls, some lending companies will also have FAQs and help documentation libraries to assist you with your questions.
At Capital Dude, you can even schedule a call with one of our lending specialists to go over anything on your application that you’re unsure about.
As a financial lending company based in New York, we offer working capital loans for small businesses all over the country that are in need of financial support.
Whether you need money to pay your employees, buy much-needed equipment or inventory, or something else entirely — Capital Dude provides you with the finances you need to get your company off the ground.
Needs funds for your business now? Contact us at info@capitaldude.com or give us a call at (877) 485-2779 to learn how we can help you get a quick cash injection today.
