"Small business in the U.S. is a major part of the economy and job creation," says Terry Robinson, President of Sunovis Financial. "We need to help small business, and this stabilizes each community and helps boost the overall economy."
San Francisco, CA (PRWEB) January 09, 2013
It is a most basic rule: small businesses need capital to grow, to expand, to create jobs and to invest. And when small businesses are healthy, this is a major boost to the economy and can help fuel a recovery.
But since 2008, small businesses have had trouble accessing capital, even healthy businesses. A big part of this: banks have faced problems, losses and new regulations which has made lending all the more difficult. Some small business owners have seen their credit scores fall, which makes access to capital even more tough to achieve.
But now the Short-Term Micro Loans at Sunovis Financial can help solve this problem for qualifying businesses. The underwriters use a sophisticated approach yet different from bank underwriting; the business cash flow and health are primary factors, while FICO scores and collateral are not as important. Not every industry qualifies (here is a list of disqualified industries), but many types of businesses do qualify. The typical candidate is a business with daily business transactions such as restaurants, doctor or dentist offices, retail or small grocery stores, auto repair, small hotels, vets and hair salons.
Loans are up to $150,000 and approval can be made in about 4 days for those who qualify. The process is streamlined, so owners can focus on their business. Even payback is streamlined, typically as a daily ACH.
"Small business in the U.S. is a major part of the economy and job creation," says Terry Robinson, President of Sunovis Financial. "We need to help small business, and this stabilizes each community and helps boost the overall economy." Sunovis Financial has SBA expertise and its mission is closely related to helping small business: "Rebuilding the U.S. economy, one business and one loan at a time."
The most typical uses for these types of loans are for purchase of inventory, renting or buying equipment that will bring more bottom-line revenue, expansion, hiring employees that will increase revenue and general working capital. There are no restrictions on use of capital, but a Sunovis expert will help the small business owner access the overall use and costs.
About Sunovis Financial
Sunovis Financial consists of a national team of dedicated professionals who assist borrowers with their lending needs. Sunovis specializes in SBA loans and small business micro loans, but also handles almost any type of lending request. Sunovis is an affiliate of Off Market Association.