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THE FLEXIBLE FINANCING SOLUTION FOR SMALL BUSINESSES
Financial
Technology + Main Street = Growth
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Volume 3, Number 1
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iSmallBizCredit
The Smart Choice in Business Financing
Having access to funds at a moment’s notice can sometimes
make the difference between a business’s success or failure. That’s why
merchants love our Line of Credit. It gives them the flexibility to act fast.
When opportunity comes knocking or there’s an unexpected expense, our Line of
Credit offers 24 hour access to loan drafts.
Merchants can qualify for line of credit amounts up to 725,000 with no collateral required.
The initial line can be approved in less than a week with 24 hour turnaround
on loan drafts after that. With this type of financing, your clients can have
the freedom to draw funds as needed, paying interest only on the money they
take.
It Pays to Be Prepared
Even without an immediate need, smart merchants are
establishing lines of credit. Being prepared is smart. Owners know
opportunities and/or issues can arise quickly and having committed working capital
allows them to be ready for the unexpected.
The best option
for business owners
iSmallBiz “LINE OF FINANCE”. Over at iSmallBiz we've
strategically formed a relationship with a fortune 500 payment technology
company. Combining their expertise in the electronic payment industry, and
iSmallBiz expertise in the realm of alternative business financing, we've
been able to create a very simple process for all small businesses to obtain
the unsecured capital they truly need without an extensive track record in
business and with a not so great FICO score. The process takes no more than
one week from start to finish with payments that fluctuate with the way your
business is performing. It actually functions as a Line of Credit. Your
business will always have access to capital as long as you continue to work
with our processing partner. You only pay for the money that you use when you
use it. See below on how a Business Line of Finance works from iSmallBiz:
How It Works:
· (One page application, the last 4 months
credit card processing statements and The last 4 months of Business bank
statements.)
· We put together an application for approval with our
payment processing technology partner.
· Within 24 hours of processing with our partner on our
platform,
· Capital can then be accessed every 6 weeks within 24
hours. (Up to $100,000 within 24 hours of working capital.)
iSmallBiz
Resource Center Links
iSmallBizCredit -Business funding and Commercial real
estate finance
iSmallPayTech-Payment technology
iConnect Real Estate- Commercial real estate marketplace
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Secured vs. Unsecured Business Credit Cards: Which is Better? Having a bad credit report can surely become a hindrance in establishing your business. Most likely, you will have difficulty in trying to persuade lenders to give you a business credit account, which can be very significant for your company. Without business credit for back up, you are placing your company at a very huge threat of running out of cash and even a possible stop in its operations. Your credit score may not be very constructive to your reputation, you may have very limited options –either you get an unsecured bad debt credit card or a secured credit card . In this article, let us know the difference between these two credit cards and how they can help your business, especially if you have bad credit. The Difference between a Secured and an Unsecured Credit Card A secured credit card would basically require you to have a security deposit in the bank before you can use it. This
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