SCOTTSDALE, Ariz., Aug. 17, 2015 /PRNewswire/ -- For startups struggling to secure funding through a traditional bank loan, BusinessLoansToday — an online alternative lending company launched in December 2014 — provides the capital they need to get their business off the ground and running.
BusinessLoansToday specializes in offering small- and medium-sized business owners the financing they need to either start or expand their business. The company provides loans in amounts from $5,000 up to $250,000, with repayment terms from four to 24 months. Funding is typically available to business owners just days after approval.
"Most banks simply won't bother with funding small businesses until they have significant assets and a proven revenue stream," said CEO and founder Chris Kay. "Starting a successful business is difficult enough without worrying about where the funding will come from. We created BusinessLoansToday to provide small business owners with new loan opportunities so they can realize their dreams."
According to the Small Business Administration, startups are typically the most difficult ventures as it relates to securing financing — often because of a lack of collateral. It can take months or years for a startup to come close to meeting the rigorous criteria established by the traditional banking system after 2008's financial crisis.
"Until recently, startup business owners who were rejected for a bank loan had few options for funding," Kay said. "Maybe they would finance what they could with credit cards, or depend on family and friends, but for most startups, that only takes them so far. Alternative loans, like those offered through BusinessLoansToday, give owners a new, different option. Not only are we a direct lender, but we also have an expansive network of lending partners that provide financing."
BusinessLoansToday provides an accessible, straightforward and accelerated way for entrepreneurs to get the capital they need for their businesses, when they need it. The process is as simple as completing an online application form, processing the application by sending it across a vast network of funding partners and direct lenders, and depositing the funds in as few as 24 hours after approval. Applicants are under no obligation after applying and there are no hidden application fees.
"Most of the greatest companies in this country started as small businesses, with little more than a dream and a lot of drive," Kay said. "Somewhere along the way, a lender took a chance on them. BusinessLoansToday was created to fund the next big ideas that are often overlooked by big banks."
For more information about BusinessLoansToday, visit https://www.businessloanstoday.com.
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