Chicago Small Business Loans for Illinois Businesses
The Steps A Chicago Business Owner Used To Get A $75,000 Business Loan In One Day
Chicago Business Loans for working capital, loans for equipment, and
especially if you need a bad credit business loan.
The video below outlines the steps we used to get a business funding in one day for his Chicago Contractor business. The business loan product used is a 10 year term business loan with monthly payments.
There are no industry limitations, 10 year business term loan, monthly payment, $3,000- $75,000 same day funding. $250,000 max loan amount. He had rough credit and was in business less than a year.
If you need larger amounts, we can help find the right business funding for you, but it will take more than one day to be funded.
Small Business Loans for Chicago Businesses Funded in One Day
Business loans are possible to be funded in as little as one day. For those who want to do it themselves, we will show you how you can do can get working capital for your company and equipment loans by doing it yourself just go to the link at the bottom of the page. Here is the video showing you how we got the contractor business owner $75,000 of working capital, in 1 business day.
Just so you know, we have spent years finding private funding companies and bank syndicates to get competitive funding. The terms of the loan are usually the same whether the lender uses a broker or not. One warning is when contractors do it themselves, each time you apply, that inquiry may reduce your credit score. We work to minimize this. First, here’s how we got our contractor the $75,000 he needed to start with his new client.
Qualifications for Business Loan Funded Same Day
A business needs these items to qualify for a 10 year term business loan
- Business in operation for 3 months
- Credit score – any credit score is acceptable (rate with be affected)
- No open Bankruptcies
- 3 months of bank statements
- Drivers License
- Voided Check
If you want to see how much funding you can get for your business, just follow the steps, and click the schedule now button below , click here. You can also call us at (317) 589-0118. We can call you or answer your questions by email if you prefer to use this form. If you are in a big hurry than apply now
After our business owner saw this video, we wasn’t sure it would work. He wasn’t sure of his credit because he couldn’t get a bank loan, he wasn’t sure we were legit, and he wasn’t sure if he was going to be wasting his time trying.
He decided to take action anyway, he clicked the link that said SCHEDULE NOW and talked to us for about 13 minutes to see what we might be able to do for him.
The result was $75,000 in his account the next day. This allowed him to purchase the equipment, and hire the extra crew he needed to get started on a new project.
We can’t promise the same outcome, but what we will promise is we have a very large network of lenders and finance companies to get the best possible deal for your situation.
Let me run you through the process so you can find out if you can get the right funding for you:
Click this link to schedule a phone meeting
Why a phone meeting? This is not a sales call.
Our call is the quickest way to help you with your goal or fix your problem. We have every form of financing you can think of, but the question is-what is the right type of financing for you?
If you need equipment, you typically can get better rates than if you need working capital.
If you have dinged up credit, we will use different sources than if you have great credit.
If you need working capital NOW, guess what? You will pay more than if you can wait a week.
ON your business financing interview call, we ask you the questions to determine what we need to do to get you the right type of financing for what you are trying to accomplish.
This takes about 5 minutes (or longer if you wish)
Let’s get back to the contractor. The contractor we mention, he needed cash ASAP! So let’s run through how we do this.
- Phone call. We explore your need, your goal or problem.
- This contractor needed money fast, so we took an application on the phone.
- We sent an email to his office person because she handles the statements.
- Once she confirmed she received it, he was back to work!
- She replied with 3 months of business statements.(you can also complete our form on our website)
- We sent this information to the funding company for them to review.
- They reviewed the info and called the contractor in about 2 hours to confirm his information.
- He receives offer for $75,000 to his email. He Signs it online and receives funds in his business account the next day.
Click the schedule now button or call me direct at (317) 589-0118.
If you look at my schedule and you don’t see a good time, call me directly. I often will talk after hours, but I can’t guarantee it.
Chicago Business Loans for every Industry
- Chicago Attorney Loans
- Chicago Contractor Loans
- Chicago General Contractor Loans
- Chicago Landscaping Loans
- Chicago Hotel Loans
- Chicago Chiropractor Loans
- Chicago Restaurant Loans
- Chicago Bar and Pub Loans
and loans for every industry in Chicago and Illinois
For those of you who prefer to do get business loan and equipment financing yourself
For those of you want to do it yourself. It is simple, but be prepared to spend about 40 hours of your time calling lenders and filling out applications and emailing documents.
Click this https://www.bizfundfinder.com/diy-lender-call-list/link to get the list of possible lenders for you.
Once you get the list, start with the first lender and call until you find a verbal offer that might be acceptable.
The information the lender requests will vary.
Typically most lenders will ask for:
A one page application
4 months bank statements
Purchase order for equipment being purchases
2 years of Tax returns-depending on the type of loan
Lenders will have different requirements so the lender you work with may ask for more or less documentation.
Good luck. If you hit a snag, please give us a call at (317) 589-0118