As taught by my professor at Small Business Management class – Small Business Loan is the hardest thing to get, especially when you don’t have a proven track of successful and established businesses behind you.However, SBA – Small Business Administration helps you to obtain loans with little or no collateral and with as little of (or bad) credit history as it gets. After all – dire straits is a good incentive to start a new business.Any help in securing a necessary finances is much appreciated – by upcoming entrepreneurs and existing small businesses. Especially the way the some companies do it, by requiring no collateral and (with good FICO score) almost no documentation (“the stronger your Credit History, the less documentation you will need to provide“). If you have a business to run, one more hassle you just don’t need is keeping up with paperwork. Trust me, I am business owner myself.
You can apply for a loan right on their web site via secure web form. There are two fees – application and consulting – due upon submitting application and application approval respectively. Other then this – the process seem to be very transparent. Oh, and there is no fee for cancellation, which must be a good thing.