Credit Crunch for Small Businesses Still Real and Ongoing: Sunovis Financial Micro Loans Offer a Solution Today

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Small business owners still face the ongoing challenge of accessing credit. Small banks are often unable to lend, but Sunovis Financial offers a fresh solution.

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We understand business owners need to focus on their business, and we focus on getting them capital fast," said Robinson. "We also understand that small businesses is the backbone of our economy, and this is an important way to help.

There is no question, says Terry Robinson, President of Sunovis Financial, that small businesses still face challenges to access credit. "Every day, we hear from small business owners across the country with similar stories. They want to grow, hire or stabilize and need credit to do so - to purchase inventory, machinery or hire another employee. But they are either turned down at local banks, or a knick in the credit history hurts them. We offer a solution."

Sunovis Financial offers fast Micro Loans for qualifying small businesses. The process is streamlined: 1 page application, 4 months of business bank statements and merchant credit card reports (if the business takes credit cards). An offer is made in 2 to 4 days, and funding could occur in 7 to 14. The underwriting focus is on cash flow of the business and the ability to repay more than other items like credit history. There are no down-payments or collateral requirements.

Businesses must have been in operation for at least 1 year, located in the U.S or Puerto Rico, and annual revenues must meet at least the $100,000 threshold.

"We understand business owners need to focus on their business, and we focus on getting them capital fast," said Robinson. "We also understand that small businesses is the backbone of our economy, and this is an important way to help." Interested parties can fill out an online request for information and we will respond as quickly as possible. They can even apply online. "We made it as easy as possible for stressed owners," Robinson stated.

Loans vary from $5,000 to $150,000, and in some cases higher; terms are from 4 months to 18 months, but are typically 5 to 7 months.

"Our mission is to help rebuild the U.S. economy, one business and one loan at a time. The Sunovis Micro loans specifically help this mission," says Robinson.

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Kathy Heshelow
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