Business Loans & Small Business Funding in New Orleans
New Orleans, Louisiana is known for one heckuva good time. Known fondly as The Big Easy, New Orleans is the largest city in the state with a metro population of roughly 1.3 million people. It’s home to one of the largest and busiest ports in the world with a glut of maritime industries at the Mississippi River Delta.
You cannot talk about NOLA without talking about world famous Bourbon Street, Mardi Gras celebration, and The French Quarter. This section of the city is renowned for its incredible food, jumping jazz, nightlife, and nearly daily parades – the people of New Orleans are ready to celebrate at the drop of a hat! Tourists are naturally drawn to the city and it’s excitement, even breaking records in 2017 by spending in excess of $7.4 billion in the Birthplace of Jazz.
Aside from an embarrassment of riches in the culture and tourism department, New Orleans is dominated by oil and gas, boating and fishing, and aerospace manufacturing. All of these businesses and industries were impacted by Hurricane Katrina, but have come back strong in the subsequent decade plus after the recovery.
While New Orleans is called the Big Easy, establishing a business there certainly isn’t. Whether you’re opening an incredible new crawfish restaurant or business to capitalize on the needs of millions of tourists, competition is steep and locals are quite loyal to their favorite places. In order to compete and win in The Crescent City, having enough working capital to support and drive your passions is crucial.
We’ve taken all of this into consideration in order to create the small business funding company to truly support small businesses easily.
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Commercial Business Financing In New Orleans, LA
When it comes to obtaining working capital in New Orleans, a traditional bank is usually the first place where a small business owner will turn to for lending. Sadly, while a loan from a big bank might work for some companies, it’s not always the best option for small business owners.
Securing funding with a traditional bank is a long, complicated process due to their strict requirements and underwriting process. With bank loans, you can sometimes encounter surprise terms and conditions. Not to mention, it’s difficult to even qualify since there are so many determining factors involved in the approval process.
In most cases, applicants can expect to wait 90 days for their small business lending. And, for some unlucky business owners, this waiting period can sometimes even reach six months. We know that making a small business owner wait that amount of time for their working capital is just absurd, which is why we’re dedicated to improving the funding process.
At Fast Capital 360, we provide applicants with an answer within hours, not months. And, in some cases, you can receive an approval in just 60 minutes.
After your application for business financing has been approved, our funding alternatives to short-term small business loans are deposited into your account quickly — sometimes, even as fast as the end of the next business day. Watching business owners in New Orleans promptly get the capital they need to grow is what keeps us going.
We love hearing what our customers have to say about their experience with Fast Capital 360, and are proud to say that we are ranked #1 on CrowdReviews.com for funding alternatives to small business loans. With the help of our transparent application process, we have become a front-runner for small business lending in New Orleans, LA.