CORPUS CHRISTI, TX (PRWEB) April 11, 2014
Ironwood Finance (http://www.ironwoodfinance.com), providers of unsecured, short-term capital financing for small businesses, today announced the availability of Micro Express Loans for small- to medium-sized businesses nationwide. Under the terms of the new Micro Express Loan program, business owners can borrow up to $15,000 with a simple one-page application and proof of monthly gross income.
The Micro Express Loan program was created to help cash-strapped businesses get immediate money for payroll, lease payments, new business opportunities, and other eventualities related to cash flow. Businesses can borrow from $1,000 to $15,000 within 24 hours, with repayment terms from three to five months. To qualify, business owners need to complete a simple one-page application form, and provide three months of business bank statements to demonstrate solvency. Businesses will typically qualify to up to 30 percent of their average monthly gross income.
“You can do a lot with very little cash,” said Kevin Donahue, founder and CEO of Ironwood Finance. “Whether you need immediate funds to deal with a short-term cash crisis, or you have a new business opportunity that requires a little seed money, a few thousand dollars at the right time can make all the difference. Our new Micro Express Loan program was created to help small businesses deal with short-term cash concerns, without requiring a lot of red tape. It’s our way of helping entrepreneurs get ahead.”
What makes the Micro Express Lending program particularly valuable is that small business owners can borrow money despite their personal credit history. There is no credit requirement although the business must use bank statements or other proof to demonstrate it is generating revenue. And the cash is available almost immediately and repayment can be structured to be made in large or small increments.
Ironwood Finance also offers special leasing program for small businesses to borrow money for capital equipment. Business owners can borrow up to $35,000 for equipment leases regardless of their personal credit history. Instead of credit reports, Ironwood Finance uses bank statements to prove the business is generating cash. And the loan can be structured to be repaid from between 12 and 48 months.
About Ironwood Finance
Based in Corpus Christi, Texas, Ironwood Finance helps small business grow by offering working capital when they need it. Loans are approved based on cash flow, not credit history, and Ironwood Finance boasts a 90-percent loan approval record. Loans of up to $500,000 are available for up to 18 months to help with equipment leasing, working capital, or other aspects of business operations.
For more information, please visit http://www.ironwoodfinance.com.