It pays to shop around for the perfect loan. Back in the day, small businesses didn’t have a choice, but to go to the bank for a traditional loan that took months and required a mass of documents, as well as collateral.
Greenbox Capital is here to advise you on the top five benefits that come with choosing an online business loan.
Online business loans accommodate the busy shop owner and the jet-lagged businessperson. As long as they have a computer with an internet connection, they can find a business loan during their lunch break or on the plane. If they still don’t have time, they can also search and apply for an online business loan at their hotel or at home wearing nothing but their pajamas.
With the added convenience of searching, choosing, and applying online for a business loan, alternative lenders provide working capital within 24 hours as opposed to months. Alternative lenders, such as Greenbox Capital, help you avoid wasting time sifting through months of bank statements and other documents, so you can get the money you need fast to achieve your goals.
Large banks don’t even consider you if you have bad credit, but smaller banks and credit unions may sit with you to work out a solution and offer reasonable prices. However, you will find more flexibility when you choose online business loans from alternative lenders. For instance, Greenbox Capital does not require any collateral when you apply, so you won’t have the fear of repossession hanging over you if you are unable to fully pay back the loan. Representatives of Greenbox Capital work with you no matter how good or bad your situation is.
Whether it’s from the fear of rejection or because they have been rejected too many times by banks, female business owners opt for funding less often than male business owners. Female business owners will, instead, use credit cards for their company’s requirements, which is not an economical solution since they must endure high interest rates. Greenbox Capital is one of a few alternative lenders that forms solid partnerships with female entrepreneurs, so their business can thrive.
With so many types of businesses, alternative lenders understand that they need an easy and simple method for repaying a business loan. That’s why Greenbox Capital offers Automated Clearing House (ACH) payments.
We can arrange for daily or weekly fixed ACH payments that are automatically deducted from your account with a term length that lasts between 3 and 12 months.
Alternative lenders, such as Greenbox Capital, do not give funding with any set instructions on how to use it. You know where to put the money in your business:
Call us at 1-855-442-3423 for more information or to make an appointment.