Wednesday 21 December 2011

Short Term Loans: Know How

If there is an urgent requirement that you need to meet in business, count on an immediate short term loan. Through this loan, you could meet a shortfall/mismatch in liquidity or any other urgent and genuine business requirement.

What Group Qualifies?
Any micro, small or medium level enterprise qualifies for a small business short term loan. Any firm that has had a consistent turnover for the three years or more can qualify for a short term loan easily.

How does one Qualify?
  • Satisfying credit ranking for the past three years OR
  • Easy access to latest balance sheet OR
  • Satisfying financial performance in terms or Sales/Turnovers/Profits OR
  • Negative Variance should not be more than 10%
  • An existing relationship with the money lender

These short term loans are usually extended for not more than 180 days, whereas the minimum time allotted to utilize these loans is around 90 days.  If you’ve taken an amount as loan in the past then there is no need for you to deposit any security, else, one has to deposit equitable mortgage of fixed asset of the company.  Else, one needs and extension of all existing guarantees of director to procure a short term loan easily. Fundfactor.com brings you these short term loans at really affordable rate of interest. It is our desire to see your business pace up and grow despite hindrances from the environment. We understand that your growth will ensure that we grow alongside you too! That is the reason we keep our rate of interest minimalistic that the existing working capital facilities.

For More Info visit us at : www.FundFactor.com

No comments: