Our Loan Officer knew exactly how to meet our needs. We were approved for our loan in 24 hours. This short term loan allowed us to grow and we’re launching new products.
Denied SBA Business Capital Loan? After the recent financial crisis, traditional banks are more reluctant than ever to fund small businesses. Posted on the SBA website traditional banks decline up to 80% of small business loan applications. The reality is that SBA loans for small businesses have a long list of requirements. Going through lengthy applications and waiting over a month to find out if you are approved. Alternative funding has fewer requirements for loan approval than a SBA loan. The interest rates are higher but for those who need who need capital now, alternative loans are very practical. The prospect of getting a small business loan even in a growing economy is very difficult simply due to the fact that many small businesses lack the credit or assets necessary for a bank. Small businesses need access to working capital to maintain the business. Clearnook helps owners obtain business loans nationwide. Our team of financial advisers offer free consultations and guide you in successfully obtaining working capital loan. Our loan application process is easier and quicker than going to your local bank.
Business Capital Loans Are Approved Quickly. Our application process is different from other banks or lenders. We focus on the actual business performance that can be reviewed with a few months of bank statements. This allows us to be flexible on credit history checks and avoid the unlimited documents connected to your approval. We offer funding from $5000 to $250,000. The actual rate and term is dependent on the performance of the business. How much capital that can be borrowed depends on the monthly deposits. There is very little paperwork involved this is the main reason why the application process is so quick. There is not a single bank in the country that can approach the efficiency and speed of what an alternative lender can do for you.