When you’re wondering how to get a business loan in NC, you’ll first need to organize what you’ll need to apply for a loan. Though requirements vary by lender, these can include bank account statements, profit-and-loss statements, tax returns and corporate documents, among others. You’ll also need to meet minimum qualification requirements, including credit score, time in business and annual revenue.
While larger financial institutions are often the first places entrepreneurs turn to for funding, due to attractive interest rates and loan terms, qualifying for one of these loans can be challenging – even if you have great personal credit. That’s why more and more small business owners are turning to alternative lending platforms for their funding needs.
Compared to conventional lenders, alternative lenders can offer streamlined applications, fast financing and quick repayment structures. While financing terms are typically shorter and interest rates higher, many small business owners can qualify thanks to less strict requirements.
Applying for Alternative Financing Through Fast Capital 360
Whether you’re seeking an SBA loan or alternative financing in North Carolina, Fast Capital 360 can help. Use funds to grow your business in various ways – including opening another location in the NC area, upgrading equipment or overcoming a slow season. You decide.
Here’s what sets us apart:
The best part about our small business funding? The process to apply and receive funding is so fast that you could access your capital as soon as the next business day.
We work with lending partners throughout the country, which means your single application could return several financing offers. Small business loan rates for North Carolina businesses start at 6.95%.
One of our Business Advisors will discuss your funding offers with you so you can choose the best option for your company.