If banks can't lend, and if businesses need capital, Sunovis Financial and The Lending Circle supplies an option that is fast and simple - Micro Loans. Sunovis also specializes in SBA loans and helps small businesses with borrowing needs.
San Francisco, CA (PRWEB) December 13, 2012
Small business is a big part of the U.S. economy, and yet small business has had a tough time getting bank loans and credit since 2008. Sunovis Financial and its division The Lending Circle now offer the Short-Term Micro Loans for Business, which can be approved in a few days and funded within several weeks.
The key to this type of loan: no collateral requirements and no focus on FICO scores. The focus is on cash-flow of the business and ability to repay the loan. The best uses for this type of loan (from 3 to 18 month terms) are for items that bring money to the bottom line of the business. Typical uses for a fast micro loan would be to buy inventory, acquire equipment, expand the business, marketing campaigns or other working capital items.
Not all industries qualify, but a great number do. The small business must have been in operation for at least one year or more, have at least an annual revenue of $100,000 and be above a 500 credit score threshold (which a majority of Americans do.)
If banks can't lend, and if businesses need capital, Sunovis Financial supplies an option that is fast and simple. Sunovis also specializes in SBA loans and helps small businesses with borrowing needs. See our new short video about Micro Loans.
Sunovis Financial and The Lending Circle
The Lending Circle is a division of Sunovis Financial. Sunovis specializes in small business loans - SBA and Short-Term Micro Loans. Sunovis also offers SBA services for community banks.