Business Loans & Small Business Funding in Richmond, VA
Richmond, VA is the capital of Virginia and home to roughly 1.3 million people in the greater metropolitan area. Richmond is historically known as The Capital of the South thanks to its importance to the Confederacy during and before the American Civil War. Now it is more well known for housing one of the dozen Federal Reserve Banks, Virginia Commonwealth University, the Washington Redskin’s training camp activities, and for operating one of the oldest municipal parks systems in the country.
RVA’s economy is driven predominantly but law, finance, and government, with many federal, state, and local departments working in downtown Richmond. According to MarketWatch, the Greater Richmond Area was ranked as the third best place in the country for business, behind Minneapolis and Denver. Eight Fortune 500 companies call The River City home, with household names like CarMax, Genworth Financial, and the Altria Group included.
Considering the amount of professional services that operate in Richmond, Virginia, the potential for small businesses to open up shop is quite vast. Whether you’re opening up a great food truck to park outside the state legislature offices or even establishing a new office downtown, RVA is a fruitful area.
Of course, having enough working capital to support and drive your business forward is important. If you are looking to turn your looking to reach the next level in your business, exploring funding for a new office could be the logical next step.
We’ve taken all of this into consideration in order to create the small business funding company to truly support small businesses easily.
Commercial Business Financing In Richmond, VA
In most cases, small business owners believe going to a big bank is the best choice for them. In fact, only a quarter of applicants were approved for traditional bank funding of any kind in 2017. This means that the remaining 75% of businesses looking to grow their companies were left without any sense of direction.
The journey to finding small business funding in Richmond can often lead to frustration. The long list of requirements make it nearly impossible to get the capital you need to grow your business.
For a traditional loan, the normal wait time is about 90 days; we know that’s not helpful to you. To make things even more frustrating, traditional banking institutions make many loan applicants wait as much as long as six-months. That’s a long time to wait.
We didn’t like how banks treated businesses looking for funding – so we did something about it.
At Fast Capital 360, we let our applicants know about their approval within hours; most applicants only have to wait 60 minutes to be approved for funding.
Our funding alternatives to short-term small business loans can appear in your bank account by the end of the next business day, once you’ve been approved. To see how many business owners go from application to cash in their hand in under 24 hours is absolutely amazing.
We like to think it’s because our customers always know how and when their funding alternatives to traditional loans are repaid. That and we guide them through every step of the process. We’ve become a leader in small business lending in Richmond, VA thanks to our great customers and our transparent process. Our reputation has been built on repayment agreements that are fair & transparent and are always given to our customers clearly.
From funding alternatives to loans for renovating your office space or building up your contracting business, we’ve been providing funds to small businesses for almost a decade and look forward to doing so for decades to come.