Our goal at Lending Valley is to provide all small business owners access to the best loans possible for their business. You can rest assured we will get you the best rates in the market!
We live in the middle of the most competitive business environment that has ever existed and that is exactly we launched our easy business loan programs so you can focus on your business and not have to worry about complicated paperwork to get a business loan.
The business landscape is only getting more and more competitive every day. New businesses are popping up left and right all over the world and already established industry leaders are pouring more money into their marketing and advertising to try and box out small and medium-sized operations.
To compete – and to succeed – in this crowded business environment you need to be able to get your hands on reliable and easy business financing that can even out your cash flow, let you take advantage of new opportunities, and give you every chance to succeed.
Unfortunately, most small business owners feel like the traditional financing world and even the government are anything but behind them. Nearly 60% of all business owners report that they do not get the kind of support they were expecting from the government or traditional banks and credit unions, with big banks only approving around 26% of all small business loans.
Combine that with the fact that 30% of ALL businesses end up folding because they run out of money and the dream of finding easy business loans to help you not only build your business but grow your business feels out of the reach of most.
Actually though, that doesn’t have to be the case any longer.
There are a lot of nontraditional lending organizations more than willing to help entrepreneurs chase their dreams. These financial organizations offer easy business loans that allow small businesses the safety and security necessary to take risks, to capitalize on opportunities, and to establish the kind of business that they’ve always wanted to build.
Let’s dive a little deeper into everything that the best easy business loans bring to the table.
Easy Business Loan Packages
Sometimes described as the “ultimate easy financing solution” for small businesses, unsecured business loans give entrepreneurs the chance to get their hands on cash and capital that evens out their cash flow, fills their coffers, let’s them run their business without fear of financial ruin, and even gives them cash to chase down opportunities that could turn into big profit centers later down the line.
Unlike secured business loans (oftentimes the type of lending package small business owners are sort of forced into or a variety of different reasons), unsecured business loans are far more flexible and more versatile. They come with very few strings attached in regards to how you use the money that you have been lent, which obviously opens up a world of opportunity that you wouldn’t have had otherwise.
The best thing about unsecured business financing packages, however – and the thing that really makes them some of the best business loans available – is that you do not have to worry about the collateral or assets you put up as security being seized if your business is unable to make it in today’s super competitive environment.
Even the best-planned and strategized businesses sometimes go belly up for reasons totally out of the control of the business owner. With secured financing, that means that your collateral and assets are turned over to the lender because things didn’t work out, but with unsecured packages, there isn’t any collateral or assets put up to secure the loan in the first place.
Leveraging Easy Business Loans
Of all the different unsecured lending packages you could decide to move forward with as an entrepreneur, unsecured business lines of credit are maybe the most flexible and the most versatile of the bunch.
Essentially giving you access to a pool of cash and capital that you can draw from at any point in time, the beauty of these kinds of financing options is that you aren’t going to have to pay interest on the entire principal that you have been approved for when you leverage this loan.
Instead, you’ll only ever have to pay principal and interest on the actual financing that you utilize from the pool of capital that you have been granted.
This helps to make lines of credit one of the easy business loans you’ll want to go after for sure.
Think about it like this:
As a small business owner, you apply for and are approved for $100,000 as a business line of credit (unsecured).
In the course of doing business, you find a need to take advantage of $13,000 of financing ASAP, so you draw that $13,000 from the $100,000 line of credit that you have already been granted. If you do not touch any more of that cash and capital you’ll only ever have to pay back the principal and interest on the $13,000 that you are actually using.
This is a huge advantage for small businesses, particularly those that are just getting started. You don’t have to worry about your financial future being handicapped with business lines of credit that might extend more cash and capital than you need right now to you, just because you aren’t going to have to pay sky-high payments every month on the total amount of the loan that you’ve been granted.
Another thing that makes these kinds of financing packages so attractive and such easy business loans to leverage is that you can pull as much or as little from these lines of credit as you need, whenever and however you need to.
You might let the entire line of business credit sit for months without being touched just because you do not need it at the moment, but the second that a new opportunity presents itself you can take advantage of it ASAP because the capital you need is already approved and ready to go.
Combine that with the flexibility that these kinds of lending packages provide and it’s easy to see why so many people (so many smart and strategic entrepreneurs, anyway) love these types of unsecured business financing packages.
Trying to find a easy busy loan and getting the best-unsecured financing for your business can be a little bit of an uphill battle compared to finding secured financing, if only because traditional lenders are (understandably) going to be a lot more comfortable with secured financing that has been locked down with some type of collateral or assets to protect their risk.
Unsecured financing with traditional lenders usually requires you to have rock-solid credit, a great credit repayment history, and quite a bit of cash flow under your belt as a business owner already. They want to see that you have a comfortable ability to meet your financial obligations as is but also that you will be able to meet your financial obligations if you have to repay these kinds of secured loans later down the line, too.
With nontraditional lenders, however, you’ll find that they are a lot more flexible in how they offer unsecured business loans – especially to business owners that are relatively new to the world of entrepreneurship, business owners with less than picture-perfect credit, and business owners that are dealing with cash flow issues as is.
This doesn’t necessarily mean that they are willing to extend unsecured business lines of credit or other unsecured loans to anyone and everyone that requests one, but your odds of successfully getting your hands on and unsecured business loan with a nontraditional lender with less than perfect credit and somewhat shaky cash flow or business history are significantly increased.
To really help streamline this application process you’ll want to make sure that you can provide as much detail about your business and your financials as possible.
We are talking about sharing at least the last six months worth of your accounting with the nontraditional lender that you’re thinking about doing business with, being able to provide business and personal credit history details and data, and explaining how you’re looking to take advantage of this cash and capital to improve the profitability and cash flow situation of your business – even if it is relatively new.
Expect these easy business loans to have a somewhat streamlined application process (even with nontraditional lenders) but do everything you can to speed the process up and to provide as much information as possible.
It’s always better to err on the side of over preparedness (sharing as much about your business and how you hope to leverage this capital as possible) rather than on the side of too little data, too little information, and to little proof that you can make this financing work.
At the end of the day, there’s always going to be financing options available for smart, strategic, and hard-working entrepreneurs even if they do not come from the traditional channels.
Do your research, your due diligence, and focus on finding the right financing for your specific needs and your specific goals and you’ll find that the process sort of works itself out.
If you have an opportunity to take advantage of unsecured business loans, however, leap at it! These are some of the best, easy business loans to take advantage of that can transform your financial future and allow you to build the business you have been dreaming of.
