How Alternative Business Funding is Different from a Bank Business Loan

Getting a bank business loan is not easy anymore. It is no secret that times in the lending industry have gotten tough. Banks have tightened their lending standards in recent years. So much that over 75% of business owners are turned down for a bank business loan. Simply because they do not meet the impossible requirements that banks have implemented. This can be extremely frustrating and de-motivating to many hard working business owners. At eBusiness Funding, we hate to see those who are putting everything they have into their business, be turned down when they need funding. That is why we are here to help with our merchant cash advance product.

How is a merchant cash advance different from a traditional bank business loan?

Unlike traditional bank rules, eBusiness Funding is different. We have different standards that we can adhere to because we are not regulated in the same way by the government. Let us show you how we are different from the following business bank loan requirements.

Must be used for an approved business purposes.

When it comes to a business bank loan, the institution is going to want to know exactly how you plan to use every dollar. This will often be documented in a detailed business plan. The plan will outline your business goals for the next three to five years. However, unlike a bank, eBusiness is not interested in your full plan. If you have one that is great, we just don’t make it a requirement for funding that you provide it to us. We trust you to be able to make the best decisions for your company. And we want to see you succeed as much as you want to see yourself succeed. We just do not need a written document from you to prove that to us. That means if you need to use our cash advance for covering your payroll, you can.

Perfect Credit Scores

Unlike a bank that needs to determine if you are creditworthy or not, we are not going to ask to see them. We also will not run a credit report on you. We know that young businesses make mistakes and we are tired of companies being punished as they work to rebuild their credit scores. Instead, we only have two requirements.

• Your business has been fully operational for at least six months.
• You are generating at least $10,000 a month in revenue.

If you can meet these two requirements, you have a 90% chance of being approved for a merchant cash advance with us.

Appropriate Amount of Collateral to Put Up Against the Loan

A business bank loan is often secured by collateral. When you sign the dotted line with a bank, they are asking you to make sure that if you default on the loan, they will be covered with something just as valuable. At eBusiness, we don’t want your things. For us, it is a true pain to sell them. And at the end of the day, we are in the business of advancing funds not selling products or real estate.

eBusiness Funding is Different

We have never claimed to be a bank nor do we want to be. Being an alternative funding provider affords us the opportunity to work with some great businesses. We love getting to know the people who use our funding source. Getting the cash you need quickly, can make all the difference when it comes to growing your business. It is also nice to know you have someone who really cares about you and your dreams. So what are you waiting for? Apply with us today to start achieving all of your goals!

Finding Business Loans With A Bad Credit Score

The Bad Credit Issue

Finding a lender who is willing to loan you money when you have bad credit can be a challenge. Credit is something that most traditional lenders take into consideration when considering you for a loan. Getting business loans with bad credit score is completely different. This is due to the fact that most traditional lenders do not offer their loan products to those without good credit. If they do offer you a loan product, they will do so at a much higher interest rate than a borrower with good credit.

Another consideration from the banks will be how stable your business model is. Have you been in business for a number of years? Banks are typically looking to lend to businesses who have been in business for at least two years. If you are looking for business loans with bad credit score they will often look for a much stronger business history.

What You Need For Business Loans With Bad Credit Score

Banks are going to ask to review your financial statements over the last few years in order to consider you for a loan. If your books are not up to date or accurate, the bank will easily find a way to deny you for the funding.

Another expectation of a bank is going to be collateral to put up against the loan. For a business, this can often be personal collateral meaning your personal property such as a home or boat. Or it can often mean something that is in the business’ name like a building or a piece of machinery.

If you are looking to use a bank for business loans with bad credit score, it will be extremely difficult to get approved. Meeting bank requirements can seem impossible and frustrating.  In addition, even if you secure a loan via this route, there are still several potential issues, but the biggest one, by far, is interest rates. The business loans available for those with bad credit all carry, on average, a far higher interest rate. This means that in your attempts to deal with your bad credit issues, you may end up digging yourself into a bigger financial hole. This conundrum has led to a rise in alternative funding opportunities, like merchant cash advances.

Getting Funding With Bad Credit

eBusiness Funding helps businesses that may struggle with traditional lenders. To do this, we provide merchant cash advances. These are accessible to a wider spread of businesses than bank loans or private lenders. 95% of businesses that meet our simple requirements qualify for funding. All you need is to be in business for at least six months, with over $10,000 in monthly revenue. With us, it’s not about past credit history or collateral, but about your business’s potential.

It’s important to us that you use the funds we offer in the most helpful way possible. As a result, so we place no limit on how you spend our advances. Payroll, expansion, repairs, spend on what you need! We also get you your funds fast, sometimes as soon as 72 hours after you first apply. Repayment is also very simple. Rather than large monthly payments, we take a set part of your future sales. This is set up by our skilled consultants. This percentage stays the same, so if business slows down, you pay less.

Interested? All it takes to begin is filling out a simple contact form. We’ll be waiting, and are looking forward to helping your business get the funding support it needs.

Business Acquisition Loans Explained

What are Business Acquisition Loans?

Business acquisition loans are not something that everyone has to deal with. Only a few entrepreneurs out there that are looking to grow their business will have to utilize business acquisition loans. Some people will have to utilize them more than once if they are trying to grow an empire.

Business acquisition loans can also be used to buy out a partner in a company. It is a structured form of financing that will help you create attractive terms for all parties.

There are many different options out there for financing your next business acquisition. Some you may have considered. Others that you may just be learning about. Taking the next step when acquiring a business is a huge decision and it can impact you for the rest of your life. That is why determining the right type of acquisition loan for you is important. So what type of business acquisition loans are out there?

Bank Financing

Traditional bank loans will typically ask you to but 20% down at the beginning. You will then pay a fixed monthly payment every month. Depending on what type of funding you are applying for, the terms can be different. For example, if you are applying for an SBA loan there is less flexibility in the way you can structure the deal.

Bank financing can be extremely hard to secure especially if you have no business credit or poor personal credit.

Seller Financing

In this funding scenario, the seller develops its own offerings for business acquisition loans. The seller acts as the bank would and collects the payments directly from the buyer. The buyer will pay their down payment directly to the seller and continue to make payments directly to the seller. The benefit to both parties is there is no set amount made for the down payment and the terms are negotiable. Both parties simply have to agree to the terms to get the deal done.

This is also a more personal option because the new business owner is working directly with the seller who has usually invested their own time and money into the business. The seller has a desire to see the business succeed. The buyer and the seller can determine the best form of payment. This includes a portion of sales or fixed payment each month. This is also the fastest way to closing on a true loan product.

Alternatives to Business Acquisition Loans

While certainly viable, the fact of the matter is that business acquisition loans are not always present. Many businesses may never have the opportunity to use them, so alternative funding options are extremely important.

eBusiness Funding helps businesses that may struggle with traditional lenders. To do this, we provide merchant cash advances. These are accessible to a wider spread of businesses than bank loans or private lenders. 95% of businesses that meet our simple requirements qualify for funding. All you need is to be in business for at least six months, with over $10,000 in monthly revenue. With us, it’s not about past credit history or collateral, but about your business’s potential.

It’s important to us that you use the funds we offer in the most helpful way possible. As a result, so we place no limit on how you spend our advances. Payroll, expansion, repairs, spend on what you need! We also get you your funds fast, sometimes as soon as 72 hours after you first apply. Repayment is also very simple. Rather than large monthly payments, we take a set part of your future sales. This is set up by our skilled consultants. This percentage stays the same, so if business slows down, you pay less.

Interested? All it takes to begin is filling out a simple contact form. We’ll be waiting, and are looking forward to helping your business get the funding support it needs.

Do Short Term Business Loans Exist?

Short Term Business Loans—The Truth

If you own a small business and need access to capital in a hurry, chances are short term business loans are a great solution for your needs. Short term business loans raise funds fast. Whether you need funds for operational expenses, to expand, to buy new equipment or for an advertising campaign, short term business loans provide the opportunity to do all that in a hurry.

Where banks take weeks to review a loan application and require a large degree of paperwork, short term lenders take as little as 24 hours to review applications and a further 72 hours to send the funds directly to your account. No bank can offer that sort of turn around. This may seem like something that is too be good to be true, but this isn’t the case.

Beyond the quicker and easier application process, there’re many advantages of using short term business loans. Let’s have a look at a few below.

Speed

Short term business loans provide approved funds in as little as 72 hours. That’s much quicker than a traditional lender can provide access to funds. In most cases, online applications are available. The paperwork required is usually much less, meaning less of your precious time gets spent in the application process.

Access to funds in a timely manner means you’re free to take advantage of the great sale on cut-price equipment. You also can pay bills on time and avoid penalties. It’s for these reasons more and more business owners are considering nontraditional lenders for their finance needs.

Even though short term loans carry a higher interest rate than traditional lenders, you repay them quickly. This helps get your business out of debt and back on track in record time. This can prove cost effective in the long run and save your business thousands of dollars in interest repayments.

Versatility

Unlike banks, nontraditional lenders offer business owners flexible repayment terms. Some funds are repaid daily directly from your sales. You can discuss with your lender the best payment terms to suit your needs.

Traditional lenders might require knowing exactly where the funds get used, and may impose restrictions on the allocation of funds. There is no such issue in this case. Nontraditional lenders allow you to use funds at your discretion. As long as you repay in a timely fashion, you’re free to exercise full control of the funds lent.

Traditional lenders are quite conservative. This means they don’t like taking risks and often ask for collateral when lending funds. Nontraditional lenders realize small business owners don’t always have collateral. Providing you can meet the lending criteria you can still borrow funds without collateral.

Getting On The Path To Funding

If you’re looking for a quality short term business loan lender, eBusiness Funding is a great place to start. We work hard to support businesses that may struggle with traditional lenders. In fact, 95% of businesses that meet our simple requirements qualify for funding. All you need is to be in business for at least six months, with over $10,000 in monthly revenue. With us, it’s not about past credit history or collateral, but about your business’s potential.

It’s important to us that you use the funds we offer in the most helpful way possible, so we place no restrictions on how you spend our advances. Payroll, expansion, repairs, spend on what you need! We also get you your funds fast, sometimes as soon as 72 hours after you first apply. Repayment is also very simple. Rather than large monthly payments, we take an established percentage of your future sales. This is set up by our skilled consultants. This percentage stays the same, so if business slows down, you pay less.

Interested? If you’re ready to begin, just fill out this simple contact form. We’ll be waiting, and are looking forward to helping your business get the funding support it needs.

What Options Exist for Business Loans for a New Business?

Starting your new business should be the most exciting time of your life. But the day will come when your small startup is ready to expand. Maybe you are looking to acquire a new business or looking to add on an addition to your office space. This will be the day you start your online search for funding sources. Common search terms include business loans for a new business, new business loans, and small business funding. There are many other common search terms that can lead you on the path to success and we can help you find the right option for you.

Business Loans for a New Business

TRADITIONAL FUNDING SOURCES

• Bank Loans
  • If your business is new, this can be a much more difficult option to receive. Banks, in the modern world, are highly regulated and have strict standards. Banks are not willing to except businesses who are typically less than two years old. They are also looking for businesses who have stellar credit. If you haven’t started your business on the path to earning its’ own credit score, there are simple steps that you should take. You don’t want your credit score to be the only one in the equation forever.
  • If you are able to receive a bank loan, this is a great option for low-interest funding.
• Business Credit Cards
  • Though not a traditional loan, it is a funding source that many businesses choose to utilize. You can have access to funding quickly and up to the line of credit, you are approved for.
  • But this option is not without its risks. If you plan on handing out cards to your employees, make sure you set specific standards and rules around the usage of the card. You would be shocked by how many employees go rogue with an employer’s commercial card.

ALTERNATIVE FUNDING SOURCES

If you are looking for business loans for a new business, alternative funding providers may be your best option. These guys can get you the funds you need fast! Alternative funding providers are popping up all over the world thanks to the FinTech revolution. Although some have been around much longer than others. As a business, you should know all of your options before making any decisions.

• Crowdfunding
  • There are many different types of crowdfunding that you can utilize. These options include:
    • Friends and Family
    • Local community Campaigns
    • Online Campaigns
  • When it comes to your friends and family, this is a less risky option because you know the people you are borrowing from. They are also more likely to loan you money while asking for little in return.
  • The public is a great option to utilize; however, they are more likely than your friends and family to want something in return. This could be equity or a product when you get to that point. Make sure you make it very clear before anyone gives any money to your campaign what they will be receiving.
• Merchant Cash Advance
  • Unlike a loan, a cash advance is not tied to the regulation that a traditional bank is. If you are looking for business loans for a new business, this can be a great option because you can get your funding quickly. Cash advance providers can get you the cash you need in as little as three days and that length of time is simply due to the processing technology of a bank account. Trust us, we would love to get you started with your cash even faster if we could.

With so many options to choose from, it can be a real challenge to get started! Let us help!

Whether you are looking for funding fast or a long-term solution, we have the knowledge of the industry to help you find the right option for your needs.

Contact eBusiness Funding now at 305-985-6593 or complete the contact form on this page now

Is a Bank Business Loan Right for My Company?

When it comes to funding your business, a bank business loan is a great option for the companies that can qualify for it. Unfortunately, many do not. But why is this the case?

The requirements for a bank business loan are not as clear as one would think, especially because there are so many of them. Even if you qualify based on the outlined requirements a bank may find a reason to reject you. Despite all the rules and regulations put in place to make sure fair lending standards are upheld, depending on the type of business you operate, a bank can reject you for the simple nature of your business. That is not to say that every bank will reject you for their business loan product. But you have to ask yourself, how much rejection can you take?

So what are the requirements for a bank business loan?

Superb Business and Personal Credit History

• A bank wants to see that their borrowers have taken care of their lending opportunities and debt responsibilities in the past. If an owner has misused their personal credit it can reflect poorly on the business as a whole. Not to mention, if a business has not started a business credit history this can be a red flag for a bank because they have less to go off of.

Business History

• Unlike a personal loan where your credit history is one of the most important factors, your business’ history is important when it comes to a bank business loan. A bank will look for how long your business has been operational. Typically, they are looking for at least two years. They want to know that you have been able to deliver profits after all of your operational expenses. This helps them know if you have the funding to fulfill your debt responsibilities to them.
• Banks are not looking at risky businesses for lending opportunities because of the risk level associated with them. When it comes to a bank business loan in the modern world of lending, the interest rates are low. Although this is a great thing for borrowers, this means that banks do not have a wide margin when it comes to their profits. In times like these, especially with business loans, banks are really only looking for safe opportunities.

Business Plan

• Most banks are looking to understand how you plan to grow your venture over the next three to five years. A proper business plan will take a lot of time to put together, time that not all business owners have. A financial institution will look to understand why you need the funds and how you plan to use them. This should not only be outlined in your plan but you need to be prepared to talk about them in the meeting.

Now that you have gained an understanding of what the requirements are for a bank, you may be thinking, you don’t qualify. Don’t worry, you are not alone. There are a lot of businesses that can’t qualify for a bank business loan. But that does not mean there are no other opportunities out there for you and your business.

One of those options is a merchant cash advance and it is designed for businesses just like yours! It can be a great option that has simple requirements that most new businesses can qualify for. Even if you have poor personal or business credit, you can qualify at eBusiness. Even the amount is comparable to a bank business loan. At eBusiness, we can get you anywhere between $5,000 and $500,000 in cash fast!

Unlike a bank loan, we are not going to ask you how you plan to use the funding because we don’t claim to be experts in your business field. We are experts in getting the right business the funding they need! You are the expert in knowing how to grow your company!

Ready To Get Started with Us?

Contact eBusiness Funding now at 305-985-6593 or complete the contact form on this page now.

Business Advertising Loan Programs

Small businesses are the backbone of our economy. However, they have to fight to get in front of their target customers in the advertising space. Trying to stand out among the big brand names can be even more challenging. Even if you can stand out, traditional marketing is expensive! Traditional marketing includes things such as billboards and television commercials. Because of the cost, it can be extremely challenging for a small business to get on these mediums. A business advertising loan could be an option to think about.

Marketing costs still exists even if you aren’t using traditional marketing. The new wave of digital marketing tools has made it easier to get in front of your audience, but not free. The cost of getting in front of your customers online can be expensive too. You also can’t forget about your website. There is a high cost to developing your business’ domain and making it look professional. Having a social media presence and monitoring your social community is so important for you customers to connect with you. Social media may appear free, but there are hidden costs that people don’t think about. Remember, you have to pay someone to create your content or use your own time to build up your online followers. Getting started with digital marketing has a high upfront cost and is another use case for a business advertising loan.

Return on Investment (ROI)

Creating a targeted advertising and marketing strategy that will increase your ROI is important. ROI is important because the amount you are taking out in a loan will be expected to be paid back with interest! And being a business you are going to want to ensure you are still making money!

The challenge with business advertising loans is that they are not always given out through the traditional channels. Banks are not as likely to loan money to a company that is looking to spend it on marketing efforts. Some banks will lend for this purpose and others will not. Doing your research is important if you are considering a business advertising loan. It is important to remember that banks may offer you a loan but only if you meet their high standards.

A Bank’s Requirements include:

• A high credit score for both you and your business.
• A detailed business plan that will highlight how you plan to use the loan.
• Collateral to put up against the business loan in case you cannot pay it back.
• Typically, a business history over two years in length!
• Financial statements from the past few years showing stability and growth.

That is why another option exists. The option we are referring to is a merchant cash advance. This type of funding can get you cash in your hands in just three days so that you can start your marketing campaigns immediately. We aren’t going to ask you how you plan to use this advance either. We know you are using it for your business. So you can go ahead and use it to pay your agency fees, develop a new website, put up a bill board, or run a commercial!

Marketing and advertising are critical to a small business’ growth. Having the right strategy and team in place can make all the difference. We understand that marketing is expensive because we have been there. That is why we have made the process as easy as possible to apply and get the funding you need.

At eBusiness, we offer:

• A simple online application.
• Fast turnaround time with a quick response!
• Quick access to the funds in your bank account.
• Only a few requirements to meet:
  • Have been an operating business for more than six months
  • At least $10,000 a month in revenue
• The ability to use the cash the way you need to grow your business.
• An automated process for payment

We know what small business and startups go through because we have been in your shoes. We understand the importance of marketing for a business’ success. We are in the business of believing in a company’s future and there is a huge potential when you market your business. Give us a shot to help you start growing your business!

Call us now at 305-985-6848 or fill out the contact form on this page.

Real Business Financing – How To Get It Fast

Securing business financing for your company in today’s world can be a challenge even if you have been in business for years. Most business owners are aware of the challenges of receiving financing from a traditional lender such as a bank.

Any business owner who was in search of financing and was turned down by a financial institution knows that it doesn’t feel good. Because of this, the alternative lending market has grown drastically over the last few years. As an alternative funding provider, eBusiness is focused on helping you grow your business.

Our Merchant Cash Advance product is a form of business funding that focuses on helping you with the day to day operations of your business as you wait for your clients to pay their bills. Though similar to a loan, our product is different in many key ways. The most important being that we do not have to adhere to the same strict regulatory standards the banks do. This gives eBusiness a lot of flexibility in what companies we fund and how fast we can fund them.

Our business financing product advances you funds in exchange for a percentage of your daily credit card sales.  This percentage is fixed so that even if you have a slow day, even season, you will not have to pay a huge set amount each month.  This is different from traditional business financing which you will have a committed monthly amount you have to pay back regardless of that month’s income. We will continue to take the same daily percentage until the advance is completely paid off.

Why Does A Merchant Cash Advance Meet My Business Financing Needs?

Our product can offer your business many benefits. However, we understand it is not an option for everyone but for those who it is right for, the payoff can be massive and catapult the start of your business’ growth!

• Quick Approval
  We can get you approved for a cash advance in as little as 24 hours.
• Funding in 24 hours
  We can get you cash in hand just three short days after you apply. That means if you apply on a Monday, you can have the cash by Thursday.
• No Collateral Required
  We will not hold any personal assets against the funds.
• Short business history is not a problem!
  We only require you to have been in business for six months to be considered.
  Banks will typically require at least two years of being operational to be considered for their products.
• No business plan required
  When you apply we are not going to ask for a three to five year plan for your business.
  We are not going to ask how you plan to use the funding; we only require that it be used to help you grow you business.

Just like any other business financing option, there are some risks that you need to be aware of. As a client it is important to be aware of what you are signing up for and make sure it is right for you and your business.  Because there is more risk to us as the provider, there is a higher fee associated with a Merchant Cash Advance. As a business, you need to understand that this funding method will reduced your business’ cash flow until you pay it back.  This is due to the fixed percentage of daily credit card sales that is taken out as a payback method. You have to make sure your business can continue to operate with this percentage missing until the funds are paid back.

Getting Started

We believe that a merchant cash advance account is a great option for business financing. If you think our product is the right option for your business financing needs, contact us today over the phone at 305-985-6848 or Find out how much you qualify for here.