When it comes to getting funds for your business there are typically two routes you can take, taking out a business loan or getting money from a business lender such as Mach Funding. There are numerous advantages and disadvantages to both options, stemming from interest rates, terms, and simply the relationship between yourself and your advisor. We here at Mach believe that nowadays, business lending is the better route to take and the following list gives you a bit of insight as to why it may be a better idea. If you are interested after reading this, head over to our website to learn how it works!
You are More Likely to Get Your Loan Approved
Traditional bank loans and business lending both involve taking on debt to secure financing. All with the guarantee that the borrower will pay back the funding, likely with interest. When taking the path of a bank loan, your financial history and reputation as a borrower often affect your ability to even receive said funding. If you happen to have little past involvement with these aspects of business, it is much more challenging for these institutions to accommodate your needs. On the other hand, lenders such as Mach Funding offer business financing as a “line of credit,” which has a criteria that is often much less stringent. With us it is as easy as 1,2,3,4: submit an application, get multiple offers, get funds immediately, and grow your business. Not to mention, we do not hassle you for having a possible history of bad credit!
The Terms of Your Lend are Likely to be More Accomodating
Bank loans involve a repayment schedule, which can often lock you into fixed payments for a predetermined amount of time. If times get tough, you will always have the thought of needing to pay back your loans lingering over your head. A business line of credit does not involve any defined terms as we are able to accommodate to your needs, making the ability to borrow money less stressful. Since our financing amounts tend to be lower, we can offer you more relaxed requirements, assuring you the confidence you need to grow your business. When it comes to an interest rate, we actually do not have one! Rather than calculating an APR like a bank loan, we work on a fixed cost, so you can rest assured we won’t switch things up on you when it comes to knowing how much you owe.
Direct Loans are Accessible Much Faster – In as Little as Two Days with Mach Funding
Our name is Mach Funding for a reason, as we have a dedication to speed! When your small business needs financing we understand that you have no time to wait, as you should be solely focused on making things happen. Funds get sent out via EFT directly to your business bank account, so there is no wait time when it comes to getting your money. We take pride in offering a line of credit in as little as two days!
You Receive Extra One-on-One Attention
Our staff is made up of specialists who are committed to help you and your business thrive. Unlike banking institutions who are often made up of individuals from numerous industries. Our funding staff is standing by to assist you with all your financial needs, ready to help you in answering any questions or addressing any concerns that may arise!
There are numerous reasons to consider business lending over traditional bank loans and we hope that if you choose to go this route, you join us here at Mach Funding. Still not sure about us? Check out our website to learn how it works!
