SCOTTSDALE, Ariz., July 30, 2015 /PRNewswire/ -- For small businesses — both startups and established businesses trying to expand to the next level — finding a source of funding can be a frustrating, and often fruitless, task. BusinessLoansToday, which is a new, online lending company launched in December 2014, offers a quick alternative pathway to the capital small business owners need — without the headache of pursuing a traditional bank loan.
"In most cases, our clients come to us needing capital fast," said CEO and founder Chris Kay. "Whether it is to get started on building their dream business or buying the equipment they need for an already established business, they often do not have the luxury of waiting weeks or even months for an answer from the bank. And they do not want to take the risk that the bank will turn them down, a very realistic scenario with the stricter lending criteria established after the 2008 financial crisis."
BusinessLoansToday, with its ability to serve as a direct lender as well as its access to a vast network of lending partners, can provide small business owners with the capital they need, quickly and easily, sometimes in as few as 24 hours after application approval. What's more, applicants will know in minutes whether or not they have been approved, so unlike the traditional bank loan process, there is essentially no waiting to find out a decision.
"In the world of small business, which can be volatile and uncertain, hours and days can make all of the difference," Kay said. "BusinessLoansToday will respond in minutes and if a small business owner is approved, he or she will receive funding in a matter of days, not weeks or months. We understand that fast, easy access to capital is critical to the future of our small businesses and we can tap into our lender network to provide the capital they need."
Small business owners seeking a loan should visit www.businessloanstoday.com and review the information available on the website. There they will find information about loan rates and terms, the different options available to them, such as a business term loan, revenue-based financing and a merchant cash advance, as well as qualification details and a simple outline for how to apply for and receive funding. Applicants are under no obligation after applying and there are no hidden application fees.
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. For more information about BusinessLoansToday, visit www.businessloanstoday.com.