In addition to conventional lenders, such as the banks noted above, many small business owners turn to alternative financing providers for their capital needs. These lenders can offer products with less stringent qualification requirements than seen with banks, such as merchant cash advances and invoice financing. Also, the application process and speed to fund are much quicker.
That said, alternative financing products typically have shorter terms, more frequent payment installments and higher interest rates than you’d find with conventional lenders. This is to offset the risk of borrowers who may have lower credit scores, less time in business and no specific collateral to offer.
Applying for Wisconsin Business Loans Through Fast Capital 360
If you’d like to apply for SBA loans in Wisconsin or another type of financing product, we can help.
These are just a few of the benefits we offer:
A few minutes is all it takes to complete our online application. If you qualify, you could be approved within 24 hours.
Because we partner with lenders throughout the country, your single application could return multiple financing offers in some cases.
A Fast Capital 360 Business Advisor will review the details of your financing offer with you. Choose the option that’s best for your business.