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.
Commercial Business Financing In New Orleans, LA
Small business owners often begin their search for securing working capital in New Orleans by investigating traditional business loans. Unfortunately, turning to the big banks isn’t always the best choice for small businesses.
In 2017, it was reported that just over 25% of applicants were approved for traditional bank funding of any kind. While approvals did rise during 2017, banks purposely make the lending process difficult for business owners. There are often hidden terms and conditions and with an additional laundry list of requirements making it nearly impossible to get the capital you need to grow your business.
While the typical 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. Since we didn’t like how banks treated businesses looking for funding we’ve done 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.
Once your funding program is approved, our funding alternatives to short-term small business loans can appear in your bank account by the end of the next business day. It’s awesome to see how many business owners go from application to cash in their hand in under 24 hours. This keeps our customers coming back again and again, just like New Orleans
Our incredible customers and their generous reviews have rated Fast Capital 360 #1 on CrowdReviews.com for funding alternatives to small business loans. Customers always know how and when their funding alternatives to traditional loans are repaid. Our reputation has been built on repayment agreements that are fair & transparent and are always given to our customers clearly. We’ve become a leader in small business lending in New Orleans, LA thanks to our great customers and our transparent process.
From funding alternatives to loans for restaurants, manufacturing businesses, or retail businesses in New Orleans, we’ve been providing funds to small businesses for almost a decade and look forward to doing so for decades to come.