What is a Small Business Loan Online?
Traditional lenders such as banks reject most short term small business loans and loans for smaller amounts. As an alternative lender, Venture Plus Partners Capital® is able to provide a number of different types of small business loans online to help your business grow and prosper, including merchant cash advances, business lines of credit, alternative small business loans and collateral loans. Our alternative business loans are typically between $20,000 and $60,000, but start as low as $3,000 and reach as high as $500,000 depending on the needs of your business.
After you submit your initial one-page application, our knowledgeable Funding Advisors will reach out to explain all of your funding options. They’ll help you decide which option is best for your business, and will stick with you throughout the entire process if you have any questions.
Small Business Online Rates
Most types of alternative business funding use something called a factor rate instead of a traditional interest rate. Factor rates are simple decimal figures that show how much “extra” you will owe on the original amount of the loan. Your factor rate is determined based on your risk assessment. Most factor rates fall between 1.1 and 1.5.
Who Should Apply for a Small Business Loan Online?
Alternative small business loans are ideal for:
Businesses looking to open another location
Businesses who want to purchase new equipment, furniture, supplies, or new/additional inventory
Businesses who want to upgrade to new technology
Businesses in need cash flow during a seasonal rush or slowdown
Alternative small business loans can benefit attorneys, medical practices, construction companies, restaurants, retailers, business services, and more. No matter what industry you operate in, our expert Funding Advisors will work closely with you to select the best funding option to help you achieve your business’s goals without sacrificing cash flow.
How to Get Invoice Factoring
1
Apply
Gather 3 months of bank statements and other records. For faster approval, grant us secure access to your bank account’s transactional data.
2
Choose Funding
A Funding Advisor will reach out to you within 1 hour (during regular business hours) to complete your application & discuss your funding options.
3
Get Funded
Once you and your Funding Advisor determine what funding option works for your business, your funds can be approved and deposited within 24 hours.
4
Repayment
Your funding is repaid when your client pays their invoice. We will tactfully collect payment and send you the remaining amount, minus our fees.
How to Use Small Business Loans Online
There are no restrictions on how alternative small business loans can be used. These loans are typically best used to:
Fund growth strategies, new equipment, and other costly purchases that have a strong ROI
Finance an expansion, merger, or acquisition
Take advantage of seasonal business opportunities such as purchasing inventory in bulk
Small Business Loans Online Qualification Requirements
Getting a small business loan online through a traditional lender is difficult. The process is long—typically at least 2 months—intrusive, and approval is never guaranteed. Approval for a small business loan online from Venture Plus Partners Capital isn’t based on your credit score alone. Instead, we focus on the overall health of your business. Here are some factors we consider:
Business revenue
Cash flow
Vendor payment history
Years in business
Public records
We do not require first position on invoice factoring and no additional collateral is required.
Small Business Loans Q&A