Taking out a small business loan can help you obtain funding for your business project and expedite your growth. You can use these funds to acquire new technology or talent, expand your business, or invest in a new opportunity. However, finding the right lender for your small business loan in Pennsylvania can be tricky. Some reject your application while others have unfavorable repayment terms.
At Whitestone Fund, we help you find the right private money lender for your loan to make business financing quick and hassle-free. As an experienced small business loan broker in Pennsylvania, we have helped numerous entrepreneurs achieve their business goals with minimum inconveniences.
The Process of Getting a Small Business Loan at Whitestone Fund
We start our process by learning about your business and its goals to create a customized loan plan for you. This also helps us determine whether a small business loan will be beneficial for your company or if you should consider other financing options, such as merchant cash advances.
After the initial consultation, our team will present you with a loan package with convenient terms, such as:
- Our loan packages vary from $5000 to $500,000
- There are no origination or processing fees
- The loan repayment duration is from 6 to 18 months
- We have a 95% acceptance rate, and we consider most loan requests, unlike traditional financial institutions
- You can choose from weekly or daily repayment structures
When Should You Apply for a Small Business Loan
You can use business loan funding for various reasons, such as:
- Paying off debt
- Starting your business
- Investing in new machinery, equipment, software technology, or inventory
- Covering unexpected losses
- Financing a business acquisition
- Hiring new staff
- Relocating or expanding your company
- Dealing with unpaid invoices
- Funding a marketing campaign
What If My Credit Score is Low?
When a business with a bad credit score applies for a traditional bank loan, there are high chances of loan rejection. However, that’s not the case when you apply for a private small business loan at Whitestone Fund. We always have a solution, no matter what your credit score is. All you need to do is prove that you can repay the amount, and we will accept your loan request.
Besides small business loans, we also have merchant cash advances for quick and smooth Business Financing Loan in PA. To learn more about our process or our private money lenders, book an appointment now.