If you’re in need of a business loan and don’t want to go through the slow process of applying for a traditional loan from a bank then consider an alternative lender like Dealstruck. Dealstruck offers their business loan customers a faster process to getting approved and receiving the money they desperately need for their business. They are offering term loans and lines of credit to businesses from $50,000 to $500,000 and releasing the money within 48 hours.
What are the requirements for qualifying for a loan? Customers will need to have a credit score of at least 600, be operating in business for 1 year, and making $12,500 profit monthly. The types of loans available are term loans and lines of credit with term limits from 6 months to 4 years. The average APR rates are from 11% to 28% on loans and 11% to 22% + prime rate for credit lines.
To get started with the loan process customers can visit (dealstruckloans.com) and complete the online survey to determine if they qualify for a business loan. The quote is short consisting of 5 questions afterwards you will receive a pre-qualified quote on your acceptance and what loan options are available for you. You will however still need to speak with a loan specialist who will contact you the same day asking for documents needed to complete the loan process.
Some of the reasons customers seek out additional funding for their business are to consolidate current loans, purchase brand new equipment or make upgrades, increase staffing, open a new location, and other reasons. If your business is in need of more capital, consider the loan services of Dealstruck Loans.