Business Loans & Small Business Funding in Los Angeles
Tinseltown. The City of Dreams. The City of Angels. Los Angeles.
Thanks to wonderful weather and the Pacific Ocean, the entertainment capital of the world welcomes more than 45 million visitors per year. L.A. businesses do 19 billion dollars in revenue from tourists alone. For business owners in the county, there is no shortage of customers, patrons and clients. The challenges of running a restaurant, establishment or other service company in Los Angeles is in finding a loyal audience in the crowd and continually reaching them.
LA is among the most competitive business climates in the world. New businesses are always opening and contending with the veterans of the area for more market share. A mind-numbing number of startups close their doors within their first year in Los Angeles County; it certainly isn’t the easiest place to make a living but can be quite lucrative. For those businesses who have successfully navigated their first four quarters or more, staying open is still difficult without a constant push to innovate and adapt.
When your LA-based business needs money to make a change, it can be difficult to secure free capital. It’s not uncommon for small and medium-sized businesses to have most of their capital tied up in assets, locations, tools, products or other overhead costs. When you don’t have the free cash to realize your next business dream, alternative funding options to a working capital business loan is an attractive choice.
Small Business Financing in LA
Just a little over a decade ago, when small businesses in Los Angeles needed a merchant advance, the only place they could turn was the big banks. Thanks to rising rates, increased stipulations on funds and an unfairly long lending process, many business owners have sought out an alternative to the major lending institutions.
Fast Capital 360 provides that alternative.
Many banking institutions routinely make loan applicants wait 90 days to learn if they’ve been approved with some applicants reporting waits as long as six-months. Our applicants are notified of their approval within hours, in fact, most users wait just 60 minutes to be approved for funding.
Once your funding program is approved, our funding alternatives to short-term small business loans can arrive in your bank account by the end of the next business day. Many business owners go from application to cash in their hand in under 24 hours.
Once your Los Angeles alternative funding option to a small business loan is approved, you can have your cash by the end of the next business day. Our funding is not like a traditional bank loan, so you never have to pledge collateral to receive the funding you need, and there are no stipulations on how you spend your money; use it when you need it, how you see fit.
Fast Capital 360 is a member of the Responsible Business Lending Coalition; we’ve committed to providing fair and transparent funding alternatives to traditional loan contracts with no hidden fees or confusing terms and conditions.
If you’re unsure of what funding options are best for your business, our business advisors are on-hand to help. There are numerous options out there for hotels, restaurants, staffing agencies, maintenance services, IT and other businesses. We’ll provide our insight without pressuring you into making a decision, whether you decide our alternative funding or a traditional bank loan is right for your business.
From business credit lines to merchant advances and more, we’re here for you.
For more information on why Fast Capital 360 is the best choice for your small business, contact us today at 800-735-6107.