Time is precious for small businesses. When you apply for a small business loan, you need to have your approval issued as quickly as possible. Here are some helpful tips on how to make applying for a business loan online easy & quick so you can secure an essential source of financing. A small business loan comes in handy when running a startup or small to medium-sized enterprise. For small businesses, a loan form of business financing can help fast-track the growth of your small business and the development of a solid reputation within your industry. A loan also provides your business with consistent cash flow, which means your creditors and suppliers are paid on time.
Union Commercial Capital’s online loan application process makes it convenient for you to apply for the help you need whenever and wherever you are. Union Commercial Capital’s online application process is easy to navigate and the response is fast.
How to Quickly Receive an Approval for a Small Business Loan
Applying for a business loan online with Union Commercial Capital, then receiving a quick decision is a reasonably hassle-free process. The Union Commercial Capital funding specialist provides customized solutions regardless of your business’ credit score and aims to help you keep your business afloat and back in position for growth. Below is a step-by-step guide on how to apply for a small business loan with fast approval rates.
Loan Requirements
The first step is to visit the Union Commercial Capital website and click on the ‘small business loans’ tab. Here, the system will show you the available funding options. It will also require you to give your particulars, including your name, telephone number, and email address. To qualify for a business loan, your company will need to have been in business for at least 6 months and generate $250,000 in gross annual sales from the enterprise.
Start the Application
You may opt to complete the online application directly on the website or call a loan specialist by phone. Should you choose the web option, you will need to fill out an online application form where you will be prompted to supply the personal details mentioned above.
Call from a Funding Specialist
You will then receive a call from your loan specialist, with whom you can discuss your financial business requirements. With the information garnered from this conversation, we are in a better position to devise a customized solution to your business needs.
Receive An Approval
Your loan application shall then undergo underwriting, and if approved, the funds will be deposited in your business account within 24-48 hours of approval. Here at Union Commercial Capital, we have one of the highest loan approval rates.
Credit Score
A small business loan application online does not impact your credit score, and there is no down payment or collateral needed. Having provided funding to more than 20,000 small businesses, the institution is astute at spotting deserving and credit-worthy companies.
Early Payoff Discount
Unlike some financial institutions, which may subject their borrowers to a prepayment penalty, Union Commercial Capital will sometimes extend an early payoff discount. If you settle the loan before its term, you might find yourself eligible for this discount. Also worth noting is that the entire loan application is a hassle-free, no-obligation, and no-cost process designed to facilitate your acquisition of credit in as little as 24 hours.
By embracing the many benefits of applying for a business loan online, you can access competitive credit amenities quickly, thus saving yourself valuable time and energy to focus on the core mandate of your business. When deployed correctly, small business loans can mean the difference between struggling with a stagnated startup and the satisfaction of running a fast-growing enterprise.
Contact Union Commercial Capital to learn more about your small business loan options or apply online today.
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