San Francisco, CA (PRWEB) April 23, 2013
Sunovis Financial focuses on assisting small business owners across the U.S. The company mission is to rebuild the U.S. economy, one business and one loan at a time. The company has special expertise in Micro Loans (fast cash flow loans) and SBA loans.
St. Petersburg and the Tampa Bay area are teeming with smart small businesses of every sort," says Terry Robinson, President of Sunovis Financial. "We see every industry represented there, with great niches in hospitality due to the beaches, manufacturing and the medical industries. Yet we know Florida community banks (like many across the U.S.) are still now as strong as they would like and many have difficulty lending to small businesses. And no business can grow without capital."
Micro Loans are non-bank cash flow loans. In other words, underwriting focuses on the cash flow of the business and its ability to repay the loan rather than focusing on credit scores, collateral (there are no collateral requirements), or down payments (there are no down-payments.) The loan approvals can occur in as little as two to four days with funding seven to ten days later. Application is simplified: one-page application, four months of business bank statements and the Profit & Loss statement.
Businesses must have been in operation for at least one year. A few industries are disqualified, but the company reaches out to as many industries as possible. "Our latest fundings were for restaurants, an office solution business and even an elevator company," says Robinson. Loans range from $5,000 to $250,000, and are short-term, from four months to 18 months.
Contact Sunovis for more information at info(at)sunovisfinancial(dot)com, using the Contact Us form on the website, or at 415-226-1135.