Do you need a loan for your business? Do you want to know exactly what a business loan is? If so, then stayed tuned. This video explains what business loans are and goes through a ton of different loan options available. To get an idea of what loans you may be approved for, keep reading.
The first loan option is cash flow financing. This option is great for women business owners who have been in business for at least a year have about $10,000 in revenue each month. This is probably the fastest loan you can get. You can get approved in as little as 72 hours.
The next loan option is account receivable factoring. With this choice, you can get up to 80% of the recieveables. This means you don’t have to wait to get paid, you can get 80% in advance in as little as 24 hours. You will also have to be in business for at least one year for this loan.
The third option is inventory loans. These loans do have a minimum of about $150,000. If you have an inventory of about $300,000 or more to be approved. Typically factories or retail stores will benefit from these types of loans.
To learn more about all the different business loan options, watch the full video. Don’t forget to like and subscribe for more content!