
We’re gonna talk about alternative loan options when banks won’t lend. So many businesses are not getting approved for bank loans and they’re struggling. They need working capital fast to keep going and we have a solution that’s an alternative to bank loans. So, here’s our Alternative Lending Options – When Banks Won’t Lend.
Alternative Lending Options – When Banks Won’t Lend
So we are going to dive into it, and why these are such a good option right now for your business. So there are over 32 million small businesses in America, but unfortunately 20% of new businesses fail during the first two years. Also 45% fail during the first five years and 65% fail during the first 10 years. One of the reasons being down here, too little financing. They don’t have enough working capital.
Alternative Funding for Small Business
So we are going to talk about how that can change and how we can keep you in business. We work with over 80 lenders to get you the best deals and the fastest funding times.
We have the first 100% automated application online. Here’s the other thing. Banks are only approving 14.3% of businesses right here at small business loan approval percentages at big banks increased from 14.2 to only 14.3. That means a 10th of 1% of big banks do not care about your business. They only cherry pick the best businesses with the highest revenues, the best credit scores, and people with collateral.
We don’t need your collateral and we only need a 500 or a 550 FICO and for one of our programs, you only need a personal checking account and we don’t even look at your FICO.
The Best Alternative Lending Options Online
So let’s dive into the different programs that we offer:
The first one is same day funding up to $5,000. You can get this money within 10 minutes literally. This is a 24/7 Instant Cash Advance. All you have to do is apply and connect your bank and receive the funds if you’re approved.
Now the rule of thumb is we can get you about 25% of your monthly revenue. So if you are doing $5000 per month with your business then you could probably get up to $1,250 that can help a lot of independent contractors out there, the 1099 worker, the DoorDash driver, you know if they get a flat tire on a Saturday night, they could get this advance because it is available 24/7.

Alternative Lending Rates for Our Instant Cash Advance
The repayment is 1.29 to 1.69 factor rates. So if you received a $2,000 Cash Advance, you will probably have to pay back $2700. It’s an automatic weekly repayment.
The terms are typically three to six months and you can always get additional funding after you pay off the first funding.
Now, you need to be in business for at least six months doing 3000 A month in sales and you can’t have more than five negative days in the bank the last three months.

Alternative Lending Options – Same day Funding up to $25,000
Moving on to the second loan program is same day funding up to $25,000. So literally, if you apply at nine o’clock in the morning and have all the documents that they require, you could get the funds up to $25,000 the same day.
Rule of thumb is we can lend you up to 75% of your monthly revenue. So if you’re doing $10,000 a month with your business, you could get up to $7500 advance.
This one we do not allow personal checking accounts that it has to be a business checking account. You have to be in business for six months or longer 5000 a month in monthly sales for the last three months.
You need a FICO of 550 or higher and no more than five negative days in the last few months. So again, the factor rate is 1.19 to 1.69 terms or four to six months. Automatic daily payment. This comes out of your bank account through ACH.

Alternative Lending Options: Up to $2 Million in 1 to 3 days
The last loan program we offer we can lend you up to $2 million for your business in one to three days.
Now the rule of thumb is we can give you one to two times your monthly revenue depending on the health of your checking account, your FICO etc.
So if you’re doing 50,000 A month with your business, you could probably get up to 50,000 to $100,000 in one to three days depending on your credit score.
The terms are four to 24 months. Again the repayment is 1.18 to 1.49 factor rates. You have to be in business for four months or longer and be doing at least 15,000 a month with your business the last three months.
If you are in a high risk industry like a trucking company, you might have to show one year of steady revenue of $15,000 a month or more and you have to have a FICO of 500 or higher.
So those are the alternative options instead of using a bank loan so click the link under this article and apply takes five minutes to answer a few questions. The application will automatically redirect you to the right program that fits your requirements. No collateral bad credit okay. No hard credit check and good luck.