One of the most stressful times of owning a small business in Virginia Beach, Norfolk, Chesapeake, Newport News, Hampton, Portsmouth, Suffolk, Yorktown, Williamsburg, Smithfield, Isle of Wight, Poquoson, Eastern Shore, and Hampton Roads, comes when applying for a small business loan. The following are the most frequently asked questions.
Can I get a business loan without being a corporation?
Yes. You do not need to be incorporated to get a small business loan. All we need from you is a completed application (APPLY ONLINE HERE) and the three most recent business bank statements to get an offer!
Do I need collateral to get a small business loan?
No. All Merchant Funding does not require collateral. We look at the current health of your company, not what happened three, four or even five years ago. Some lenders, including many traditional lenders like the bank, do require specific collateral for a small business loan. That means many potentially good borrowers struggle to access the capital they need because their business does not have the needed collateral to secure a loan.
Can I get a business loan after a bankruptcy?
Qualifying for a small business loan after a bankruptcy will be more difficult, but not impossible. At All Merchant Funding we do not disqualify you because of previous financial challenges. We look at the current health of your company, not what happened three, four or even five years ago. Libraries are full of books of great companies that did not succeed the first or second time around. We are aware of that and we work with our customers to keep dreams alive.
Our other funding solutions like; lines of credit, invoice factoring, merchant cash advances, cash flow loans, term loans, equipment financing, and equipment loans also do not require perfect credit.
Can I get a business loan if my personal credit is low?
Yes. Even though we do analyze credit, our approvals are primarily based on the health of the business. Traditional lenders in Virginia Beach, Norfolk, Chesapeake, Newport News, Hampton, Portsmouth, Suffolk, Yorktown, Williamsburg, Smithfield, Isle of Wight, Poquoson, Eastern Shore, and Hampton Roads are likely to weigh the value of your personal score more heavily than All Merchant Funding. If you have a healthy business and can show that your business has the cash flow to make timely small business loan payments, we encourage you to contact us.
If 24-hour approvals with a streamlined funding process is what you need to grow your business or get through an emergency, All Merchant Funding is for you. All we need is completed application (https://signnow.com/s/0qJINk1r) and the three most recent business bank statements to get an offer!
If you are looking for a small business loan as well as a honest partner to help grow your business, please contact us at (800) 628-1001 or funding@allmerchantfunding.com. Thank you!
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About All Merchant Funding
Our company is located in Chesapeake and serves businesses in Virginia Beach, Norfolk, Chesapeake, Newport News, Hampton, Portsmouth, Suffolk, Yorktown, Williamsburg, Smithfield, Isle of Wight, Poquoson, and the Eastern Shore. Clients count on us for many types of financing like small business loans, invoice factoring, a business line of credit, merchant cash advances, cash flow loans, term loans, equipment financing, and equipment loans. If 24-hour approvals with a streamlined funding process is what you need to grow your business, All Merchant Funding is for you.