Small Business Loans Amount

The average interest amounts of small business loans are somewhere around 4 to 6 percent. That being said, a lot of small businesses apply for small business loans immediately whenever they need funding. Many small business owners do not consider banks to be their main source of funding anymore – and you want to know why? Because banks have already fashioned out in terms of giving small businesses loans.

Few lending and business funding companies offer lucrative small business loans amount to their clients. In fact, even if your company has a good track record, going for unsecured loans wouldn’t guarantee you of a good loan amount, and that’s really just how the nature is.

But don’t lose hope, there are a lot of companies, lending firms, and business funding companies who can give you a good amount for your small business loans.

Factors on the Amount

Determining the amount that you would be given can be because of various reasons. For small businesses that have been existing for quite some time, it would include the history and track record of your company.

Most often, the things that lending companies look for to figure out the amount for the small business loan application would include:

• Age of the small business or the company
• Monthly and annual revenue
• Possible collateral
• Credit score or credit history
• Purpose of applying for a loan

From there, they’ll be able to draft up a plan that they have for your business in accordance to the amount that you are looking to get.

Small Amounts for Loans

Not to discourage you but most lending and business funding companies do not offer small business loans higher than $100K, especially if it’s unsecured. Banks can offer these amounts but your enemy would be the time and the urgency.

As we all know, banks strayed from providing an abundant amount of small business loans since the previous years – that’s why a lot of lending companies emerged. But you still have a chance – the problem is you might be asked to wait for a minimum of 90 days for you to get your funds.

It’s a long tedious process and you might find it annoying to loan from banks. If you need the funds to pay overdue bills, then you’ll still be overdue if you rely on banks. In this case – what do you do? Who do you run to? Luckily, there are a lot of lending and business funding companies that provide online applications to all small business owners who look for loans.

SoFlo Funding is Your Solution

For every problem, there’s a solution. If you are looking for a good amount of small business loans that can suffice your need, we at SoFlo Funding are always ready to help. If you are a small business owner and you need funding for your business we got you. Even if you are just in the process of launching a startup; we’ll be able to help!

We can aid and assist entrepreneurs, startups, and small businesses by giving them the funds they need for their business. It can be for whatever reason – we’ll always be ready and open to help!

Small Business Loans Amount We Give

Just like how other companies determine the amount, we check a company’s background first; its spending patterns; its monthly and annual revenue; as well as the purpose of why a business needs the amount they’re asking for.

From there, we’ll determine how much we’ll award our clients with the funding they need – we offer funding of as much as $500K for a single small business loan. Not bad if you’re looking to overhaul you’re entire small business.

The best part about that – is that we would ask you for the most reasonable interest rates and monthly fees – we wouldn’t stress you out! In most cases, we do not ask for interest on top of your payments monthly for the first 15 to 21 months – how good is that?