Small business owners throughout America have been less and less relying on loans over the last ten years, to the tune of a 20% decrease. Conventional money-lenders and banks are more and more tight-pursed when it comes to the small business space. In this climate, American small businesses turn to companies like Mach Funding to directly lend money to them without having to juggle banks and broker relationships. Read on to learn about the benefits of and how to find the right direct lender. Learn more about Mach Funding.
The Importance of Working with a Direct Lender for Your Business
Working with a direct lender like Mach Funding has some distinct advances to more traditional methods of getting funding for your business.
- You are more likely to get your loan approved
- The terms of your loan are likely to be more accommodating and fair in terms of interest rates
- A direct loan will be accessible for you much faster. With Mach Funding, you can get money in your account in less than two days
- You receive extra one-on-one attention
- There is less red tape
How to Choose a Business Lender Partner
It is common for small business owners to cover their business expenses with extra financing from a lender like Mach Capital Enterprises. But how do you know you have found the small business lender? Consider the following tips.
- Analyze how flexible they are — A business lender will usually be much more flexible when it comes to loans than a bank. Ideally, the lender should offer flexible options and a hassle-free lending process.
- Research the company — Check out the lender’s Better Business Bureau rating. If the rating is high, you can feel relatively certain you are dealing with a reputable company. Looking up other reviews online can help you get more information so you can then exercise your good judgment.
More Tips for Choosing the Right Lender
- Ask about what kinds of loans they offer — Find the right company for the type of business loan you are looking for. Some examples include: invoice financing, short-term business loans, equipment financing, business line of credit, and a business cash advance.
- Compare lenders — A great practice we encourage is to look at more than just one lender. Weigh your options and consider the hard facts so you can make a solid comparison. What is the average interest rate? How long are the loans? Find the best lender for your needs.
Find the Right Lender for Your Situation
Sifting through different lenders for a direct loan can be a daunting task. Mach Funding can help take the guesswork out of finding the best lender for your small business. Contact us today for comprehensive business funding solutions! Have further questions about if and how you can qualify to work with Mach Funding? Check out our FAQ page for answers!
