If you’re considering taking out a personal loan to fund your small business, you probably have dozens of questions about the process. But where do you start?
Here, we’ll break down some things to know about the personal loan services our New York-based company offers. Let’s dive in.
While your credit is certainly a vital part of your application, it’s not the be-all and end-all for business owners without stellar credit. Better credit gets you better rates, sure, but you’re not automatically disqualified from applying for a loan without it.
Some lenders specialize in offering loans to people with lower credit scores. Just know that, if you fall into this category, you’ll most likely pay more in fees and interest. You may also find that your lender grants you only a portion of what you requested for, rather than the whole amount.
Gone are the days of waiting in line at the bank to secure a personal loan for your business. (And, due to the current coronavirus situation, it’s probably for the best.)
Now, you can quickly and easily apply for a loan online.
All you need is your basic information like your name and address, as well as proof of your income and your banking information. Your lender will do the rest, and you can usually expect to hear back from them within a couple of hours up to a few days.
That’s definitely not true. Today, you can secure funds for your small business from a variety of places. There are banks and other traditional financial institutions, of course, but there are also many online lenders that can grant you the money you need just as easily.
Shop around online and request quotes from different lenders before you settle on the one with the best terms for your situation. Best of all, you can do it from the comfort of your home (or wherever else you may be).
Money is still green, whether you get it from a bank, credit union, or online lender.
If you’re looking for personal loans with a quick turnaround, Capital Dude is here to help. We offer personal loan services to small businesses in New York and beyond, regardless of what you need the funds for.
Are you coming up short for payroll? Does a vital, broken-down piece of equipment need repairing or replacement? Do you need to buy more inventory, but don’t have the capital to do so?
No matter the need, we’re here to finance your business today and in the years to come.
Plus, we offer quick turnaround times for all approved applicants. You can expect to receive the funds in your bank account within 48 hours of turning in your application, without seeing any up-front fees or a dip in your credit score.
So, what are you waiting for? Apply for a personal loan today, or contact us at info@capitaldude.com for any questions or concerns you may have.
