When you’re in search of South Dakota business loans, banks aren’t your only option. While they’re known for being able to offer qualified borrowers competitive rates and terms, the process to apply and receive funding can take time.
If you need access to capital quickly, consider applying with an online nonbank lender or alternative lending marketplace. Thanks to electronic underwriting processes, applications are streamlined and funding is fast. Additionally, many small business owners who have been turned down with banks may qualify.
Alternative lenders also look at more than a borrower’s credit score when evaluating an applicant for approval. Additionally, they typically don’t require borrowers to pledge specific collateral like many banks do.
The difference comes down to rates and terms. In return for ease and speed, alternative lenders require more frequent payment installments, often shorter terms and higher interest rates.
Applying for South Dakota Business Financing Through Fast Capital 360
Through our lending partners, we can offer SBA loans for your South Dakota venture as well as other small business financing options, such as merchant cash advances.
Take a few minutes to complete our easy online application. If approved, you could be funded within a day.
We work with many lending partners, which means your single application with us could return several funding offers.
A Fast Capital 360 Business Advisor will review your offers with you so you can select the best option for your financing needs.
Get Your Business Loan Faster