Tag Archives: instant loan

How Can Businesses Get The Benefit Of Advance Loans?

Start-ups and small businesses need working capital to run or maintain their business. The owners can get advance loans and use them to increase and improve cash flow, buy expensive equipment and drive growth.

These loans are cheaper than other loans in the market and you need not surrender a part of your business to the lending institutions. Nowadays, it is easy to apply for a loan for your business even if your credit score or financial history is not up to the mark. 

Before applying for a loan, you must know how much money you need, for what purposes you’re going to use it and how long it will take you to repay it.

Where Can You Use The Business Advance Loans Amount?

You can use business loan funds to cover a wide range of expenses including the following but not limited to: 

  1. To increase and build your working capital
  2. To open your business at a new location
  3. To pay employees’ wages
  4. To consolidate loans (if any)
  5. To use for advertising and marketing of your business
  6. To upgrade your office infrastructures
  7. To add more products/services to your existing list

What Things Lending Institutions Consider While Offering Advance Loans?

Are you thinking of applying for an advance loan from major banks or traditional lenders? Well, that is a good idea. But you should be aware of their terms since they lend business loans to those who are in the business for at least one year and have a good credit score. Here are other aspects that are considered while providing a loan to you:

Time spent in business

The amount of time you spend in business can affect your chances of getting a loan. The more time you spend in the business, the more chances of getting approved. This lets your lender think that you and your business are stable and reliable.

Monthly or annual business revenue

Many lenders want businesses to earn a certain amount of profit or revenue each month or year. This is to ensure that you are getting enough income to pay your daily living expenses as well as the new loan you are applying for.

Personal credit

Are you opening a new start-up or are you new to a business and haven’t gotten a chance to build your business credit? In such situations, lenders usually examine the personal credit of the borrower to check for creditworthiness.

Security

Many times lenders ask the borrowers to get something as collateral in getting approval for the loan. This is just a layer of protection that makes lending institutions trust you and recover the loan amount if you default your payments. The higher the equity value of your collateral, the higher your chances of getting approval.

Required documents

Almost all lenders will verify your identity, a few necessary details about you and your business. They will need a few documents including your identity card, permanent address  and other papers related to the collateral. If you meet their requirements, only then you’ll be able to get the loan approval. 

If you cannot qualify for a loan from banks or traditional lenders, you should look for alternative lenders. Several alternative lenders such as Same Day Cash Loan provide loan options that are available for anyone who needs quick money. 

To know about advance loans, you can visit our website online. You can also connect with us by calling us at our (toll-free number) 1-855-904-9880. Apply today!

You can also follow us on social media:

Facebook: https://www.facebook.com/Same-Day-Cash-Loan/
Twitterhttps://twitter.com/samedaycash1

Benefits Of Getting Cash Using My Vehicle

Car title loans have become the talk of the town ever since Coronavirus took its toll on the financial life of the people. These loans are helping people get easy money just by using lien-free vehicle titles. If you ever think of getting cash using your vehicle, Same Day Cash Loan is the right lender for you, because we provide the best title loans in the industry. 

Benefits Of Borrowing From Us

We have made applying for a car title loan very convenient for you. There are a lot of benefits of a car title loan, here are just some of them.

  1. Quick Approval

If you have all the documents required to qualify for the loan, you can get the funds you need just within a couple of hours. This is the fastest loan processing option that can help you get out of your financial crisis. No need to wander here and there in times of urgent needs. 

  1. No Credit Checks

Unlike banks, we do not check your financial history. You get the loan amount based on your vehicle’s equity value. You can get the funds instantly regardless of your low credit score. You also don’t have to be employed in order to borrow from us. Your vehicle is the only asset we need to evaluate your loan request and to lend you the money.

  1. Spend Money Your Way

Getting cash using your vehicle works differently. Once you get the cash, you are free to spend it your way. We will not keep a check on your spending’s. When you borrow from banks, they want to know where you used the money but we don’t.

  1. Low Monthly Installments

We are here to reduce your financial burdens and not increase them. Our competitive industry’s best interest rates and long loan terms keep your monthly payments as low as possible. These installments are budget-friendly and affordable.

  1. Easy Pay-Offs

You can easily repay the loan with flexible and convenient repayment options available. In case you want to pay-off your loan before its due date, you can do so. There will be no extra charges for pre-closure. Unlike banks and other traditional lending sources, no early payment penalties are levied.

When you want to work with someone, you want a reliable and trust-worthy partner. We will look out for you in the best possible way. We provide elite loan services to our satisfied customers all across Canada. Our credibility can be checked through our customer testimonials. Contact us today at our toll-free number 1-855-904-9880 and ask about how you can ease your life financially by getting cash using your vehicle. Apply online today!

You can also follow us on social media:

Facebook: https://www.facebook.com/Same-Day-Cash-Loan/
Twitterhttps://twitter.com/samedaycash1