Minority Business Loans

Minority Business Loans

Running a business is both a joy and a challenge. Minority business loans were originally set up to help women and minority groups find success when opening and operating their own business, but there are several drawbacks to this process. To qualify for a minority business loan, the business owner must create a business plan, open a new business, and establish collateral. Even then, there are a limited number of dollars earmarked for minority businesses.

A loan alternative could be the answer you're looking for.

What is a Loan Alternative?

A loan alternative is a cash advance against your future sales. If you have sales of at least $2500 per month, you have already met that particular requirement. There is no need for collateral because your flexible repayment schedule is fully automated from these sales. On the other hand, a traditional bank loan, especially for minorities, will have certain qualifications that existing businesses can't meet, regardless of minority status. Traditional minority business loans are geared specifically for new businesses. Our loan alternative is only available to businesses that are already up and running.

What's the Benefit?

Obtaining a cash advance for your existing business, instead of a traditional business loan, can give you the capital you need to expand your business, reinvesting your efforts to increasing sales and revenue. Since this loan alternative is based on your history of incoming sales, there is no need for collateral or a lengthy business plan.

Perhaps the best aspect of funding your business with a minority business loan alternative is the less stringent approval process for this type of cash advance. Times are tough, but that doesn't mean you shouldn't have a fair shot at finding success. Businesses with less-than-perfect credit, or even bad credit, can still be approved. In most cases, the process takes less than 24 hours. There are no application fees or collateral required. The payback is automated and flexible.

If your business is registered in the United States and you process more than $2,500 dollars in credit card transactions per month, you already meet the eligibility requirements. To apply for a cash advance for your existing business, simply fill out the online application on the left side of this page. Your answer will come in less than 24 hours, and 95% of those who apply will be approved for amounts up to $250,000.