All businesses need money to grow and to survive hard times. However, most big lenders and big banks aren’t there for business owners when they need them the most. In fact, according to a recent report, 27% of surveyed business owners said they were not able to receive the funding they needed. Another 46% had to use their own personal credit cards to fund their business.
So, where does a business owner turn when the banks won’t help them? How can they help their business grow, without putting their personal credit in jeopardy?
Capital Hands can work with you to establish a line of credit for your business to fund your ongoing operations.
Each situation is different. But generally speaking, to get a business line of credit (or a loan) from a bank or major lender, you need:
Any one of these criteria could be a major problem for most businesses.
At Capital Hands, we look beyond the traditional numbers that most banks and major lenders typically use.
Your line of credit will be based on your accounts receivable, not your financial ratios. Our line of credit product is flexible and can grow as your receivables grow.
We also offer short term business loans, with terms designed to help your business grow. We are prepared to help you with obtaining short loans for various business purposes:
We can work with you to obtain a loan for your business, up to $500,000 per location, in as little as 72 hours. Get in touch with Capital Hands today to learn more about your options for a business loan!
