As another option, many small business owners today are looking to online nonbank lenders. While conventional lenders, such as the banks noted above, may be able to offer competitive rates and terms, the process to apply, be approved and receive funding can take some time.
In contrast, online lenders are known to offer quick applications and approvals. They also have less stringent requirements in many cases. Electronic underwriting and alternative financing products, such as merchant cash advances, allow for faster options and more approvals. Applicants with these lenders can expect more frequent payment installments, shorter terms and higher interest rates.
Applying for South Carolina Small Business Loans Through Fast Capital 360
Whether you’re looking for SBA South Carolina loans or other financing options, we can assist you in funding your venture.
Here are just a few benefits of applying with Fast Capital 360:
Take a few minutes to complete our easy online application. If you qualify, you could receive funding within 1 day of approval.
Because we work with lenders throughout the country, you could receive several funding offers.
Once approved, review your offers with one of our Business Advisors. Choose the best option for your small business.
Get Your Business Loan Faster