San Francisco, CA (PRWEB) May 09, 2013
The mission of Sunovis Financial is to rebuild the U.S. economy, one business and one loan at a time. The company extends that mission now in Little Rock, Arkansas by helping small business owners access needed capital.
"Every company needs capital to grow and to thrive," says Terry Robinson, President of Sunovis Financial. "However, many small banks are not yet able to lend, and many small business owners have dings on their credit or not enough down-payment money to secure a loan. Micro loans do not require down-payments nor collateral. They are non-bank cash flow loans. The most important thing is the ability to repay - and allowing small business owners to get on with their business!"
Micro loans are short-term, from as little as 4 months and up to 18 months, and they are from $5,000 up to $250,000 or more. Loan amounts are typically about 4% to 8% of annual cash flow, so this helps a small business to understand parameters. These short loans are often renewed, even multiple times, allowing a company to grow and scale over time.
Paybacks are typically through an ACH debit, so it is truly a "set it and forget it" repayment.
Micro loans are typically used for something that bring more money to the bottom line of the business, such as expansion, marketing, discounted inventory purchase or equipment, but there are no restrictions on use.
"Small businesses are the engines of our economy and we need to help them," says Robinson.