At Kick Advance, getting a small business loan is fairly straightforward. To begin your application, just click the GET QUOTE icon at the top of the page. Make sure you have your driver's license or another form of identification, three months of business bank statements, and your business bank account number and routing information ready for the application procedure. We'll then ask you a few questions about your firm, as well as the amount of working capital you're seeking for. After you've provided all of the required information, our staff will analyze your application and respond to you within 24 hours. One of our professional business consultants will contact you if we have any more questions regarding your company.
A small company loan might be for a short or extended time. Kick Advance provides or arranges business loans with maturities ranging from three to twelve months. Our business consultants will work with you to determine the optimal loan term for your company.
Kick Advance offers a small business financing calculator that will let you select the desired working capital amount, your credit score, and the business’s monthly sales which then allows you to see what your small business may qualify for once you apply for small business financing; however, additional information may be required.
To qualify for a small business loan, most small business funders demand the following: a specified amount of time in the company, a business bank account, business income, and some kind of identity (such as a driver's license or passport). While this isn't a complete list, these are the most typical needs for working capital applications.
While most small business funders consider credit when reviewing a small company loan application, it isn't often the deciding factor in whether or not the application is granted. Most small business funders will look at the company income, time in operation, accounts receivables, and credit history to determine the overall success of the small firm.
When seeking working capital from a lender, many customers wonder if they should get a secured or unsecured small business loan. A secured business loan occurs when a lender acquires an interest in the firm's collateral, which usually entails filing a UCC financing statement for the business collateral. The lender does not acquire an interest in the collateral and does not submit a UCC financing statement for an unsecured business loan.