News Americas, NEW YORK, NY, Fri. Dec. 7, 2018: If you are a U.S. small to medium sized company looking to expand for the New Year, there’s lots of ways to secure capital that’s much less cumbersome than a bank loan these days. Most of all, as long as you meet the criteria, you can close and secure the funding in days versus months. So what are the terms? Here’s what you need as a SME to qualify.
Minimum Criteria to Receive a Medium-Term Loan
|Years in Business Required||1+|
|Annual Gross Revenue||$100,000-150,000+ in most|
|Bankruptcy allowed?||Yes, you could qualify for a medium-term loan no less than 2 years after filing bankruptcy.|
|Credit Card volume a factor?||No|
|Accounts Receivable a factor?||No|
|Second position allowed?||In some cases|
Caribbean-Americans or Caribbean Canadians seeking short-term loans or other expansion capital have many difference options available including Start-Up Loans as well as Medium-Term Loans, Equipment Loans, A Line Of Credit, Invoice Financing or a Merchant Cash Advance.
Ask for more information on how you can access any of these finance options and start the New Year right.