BUSINESS LOAN
Every business needs money to start up, grow, and maintain a successful business. When you’re operating a small or medium-sized business, it can be difficult to get approved for a business loan. Therefore, 1MyFinance offer you with the opportunity to make large upfront investments without sacrificing liquidity or resources.
What is Business Loan
Business loan is a type of loan that is used by business owners to fund their businesses. For example, they are typically used to cover unexpected expenses or make major purchases that the company might not otherwise be able to afford. This can include working capital, expansion, equipment or other needs. If you have an established business and want to take out a loan for expansion purposes then this will be your best option.
Requirement For Business Loan
The requirements for a business loan varies from one lender to the next, there are however some general requirements that you will have to meet before being approved for the loan. To be qualified for a business loan, you must be able to provide proof that show you can repay the loan, and you need to have a stable income.
Credit Scores
The score is used to determine how risky it is for us to lend money. Good scores are likely to indicate that you can manage your finances responsibly and pays your bills on time.
Annual Revenue
Annual revenue is a way of figuring out how much money the company has coming in, so understanding the numbers is key to determining whether or not this type of loan can help you.
Why Over 1000++ Clients
Choose Our Services
We have the quickest approval and funding times, so if you need money fast, we have it!
Fixed Interest Rate
You can have predictable monthly payments because the rate will not be adjusted after the loan is approved. Our interest rate As Low As 1.5%
No Collateral Needed
We'll work hard to make sure you never need to worry about the burden of collateral again by getting you access to funding quickly & with low interest rates.
Flexible Repayment Period
The repayment period ranges from 60 days to 60 months. You have the flexibility to change your payment schedule based on your budget.
