Business Loans & Small Business Funding in Oakland
Oakland, California is located on the East Bay of the San Francisco Bay Area and is the eighth most populated city in California. It’s population hovers just above 400,000 and has a metro population of 2.7 million, thanks to its close proximity to San Francisco and San Jose.
While the majority of the major tech firms reside across the other side of the Bay Bridge, Oakland is home to Pandora, Ross Clothing Shops, The Clorox Company, and Kaiser Permanente. However, with the staggering rise in living costs in San Francisco, Oak Town is seeing a considerable boost to its own tech sector as the city has added 3.3% or more jobs over the last two years.
The diverse vibe the city carries stems from the different cultures that call Oakland home. The East Bay Regional Park District ridge line parks and preserves add to the beautiful soul the city possess. Oak Town also includes a number of historic theaters like the Paramount Theatre and is home to Oakland Zoo and the Oakland Museum of California. When it comes to extracurriculars, the ever-popular Art Murmur festivals highlights a list of festivals held annually, which also includes Lakefest, Chinatown Streetfest and the Oakland International Film Festival.
While Oakland is growing steadily, it’s still one of the most challenging markets to penetrate. Whether you’re founding the next great food delivery service or building a sustainable restaurant, you’re going to need liquid capital to make it work. In order to compete and succeed in the second City by the Bay, 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 Oakland, CA
Small business owners often begin their search for securing working capital in Oakland 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 rose during 2017, banks purposely make the lending process difficult for business owners. The laundry list of requirements make 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 approved, our funding alternatives to short-term small business loans can appear in your bank account by the end of the next business day. To see how many business owners go from application to cash in their hand in under 24 hours is absolutely amazing. It keeps our customers coming back again and again.
Our incredible customers have rated Fast Capital 360 #1 on CrowdReviews.com for funding alternatives to small business loans. Why? Well, 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. 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 Oakland, CA thanks to our great customers and our transparent process.
From funding alternatives to loans for restaurants, retail businesses, or need an alternative to a bad credit loan in Oakland, we’ve been providing funds to small businesses for almost a decade and look forward to doing so for decades to come.