It’s a well known fact that the majority of small businesses struggle to secure the financing they need for growth and operations- essential activity for business health and longevity. On one hand, the strict requirements and long waits associated with traditional small business loans have made them prohibitive to the businesses that need them the most. On the other hand, non bank financing, though quicker and easier to get, is characterized by an industry over-run with excessively high interest rates and other, often hidden costs.
At Sunovis Financial, we specialize in helping small businesses quickly get affordable, short-term business loans that emphasize cash flow and business health, not credit scores.
We now offer micro business loans from $5,000 to $2,000,000 to small businesses for a period of 3 to 18 months. Repayment is made seamless through daily ACH withdrawals.
Financing that is Quick and Affordable
We understand that many small business owners need access to immediate, short-term financing, but don’t want to pay the exorbitant rates typically associated with non bank lenders. Our micro loans are up to 45% less expensive than a merchant cash advance!
Has your business been presented with a lucrative opportunity, and you can’t wait for two months to get the needed capital? Do you need to quickly buy or fix equipment essential to operations? Do you want financing to buy inventory at a discount? Are you going through a period of business growth, or are you in the process of applying for an SBA loan, but have immediate needs until that loan is funded?
We can help with a short-term business loan today!
Who is Eligible?
- Businesses located in the U.S. or Puerto Rico.
- Businesses that have been generating revenue for at least 1 year, and typically have $100,000 + in annual revenue.
- More than 350 industries qualify, including retailers, service providers, contractors, and restaurants.
- We place more weight on cash flow and business health rather than personal credit scores. The threshold for funding is a credit score of at least 500.
- Typical small business applicants are those with a steady base of clients and credit card transactions or checks for services. They include: restaurants, plumbers, contractors, auto repair, beauty salons, grocery stores, retail shops, veterinarians and hotels.
Our Approval Process is Simple!
To be considered for a short-term business loan at Sunovis Financial, just fill out our quick one page application and send us 4 months of bank statements and merchant credit card statements (if your business accepts credit card payments). If you want to include an annual Profit & Loss statement or additional bank statements (if your business is seasonal, for instance), you certainly can. In addition, business tax statements may be required based on the type of loan you select.
Approvals are typically made within 24 hours, and you can receive financing in as little as 3 to 4 business days.
A Word About Credit Scores
We, at Sunovis Financial, realize that some newer businesses may not have built much of a credit history, and because of the recession and capital market crisis, may not have been able to borrow. Others may have suffered drops in their personal credit scores for any number of reasons- reasons that are not related to, nor directly involved with, the business. Because of this, our underwriting focuses on a company’s cash flow and its ability to repay the financing, and does not put much weight on credit scores. The threshold for approval is a credit score of at least 500.
The Sunovis Difference
At Sunovis Financial, we are focused on the long-term success of your business. While most non bank lenders are just concentrated on getting the next big deal, we are interested in forming long-term relationships with our customers.
We specialize in developing affordable alternative finance solutions tailored to your specific circumstances, all within a matter of days. Plus, this process does not end the minute you get approved. As your business grows and develops, so will your financing needs, and our team will be available to work with you, guiding you through your options along the way.
Apply Today! Simply complete our 1 page online application and send in the requested information. You can also call us at 855-243-7191, or send us an email at firstname.lastname@example.org.
I believe that investing in relationships is a win-win strategy. At my company, Sunovis Financial, you’ll find people who care about your long-term success… people who will go the extra mile to make sure you get the right products… and people ready with good advice as the needs of your business develop and grow. You can find me on LinkedIn and Google+