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No credit check finance programs for clothing retail stores and shops are accessible with easy qualify short term small business loans and working capital financing up to $50,000. This gives the established retail store and shop small businesses a remarkable opportunity to acquire short working capital for their business without a personal credit check. This no credit check short term small business loan program isn’t a merchant cash advance or merchant loan. Additionally, it isn’t related to the payday loan program. This no credit check short term clothing retail store and shop small business loan program is put together in the following manner. The small business applicant should follow the below guidelines: 1) Maintain at least a $4,000 ending bank balance in their clothing retail store business account 2) Deposit at least 10-15 times per month in their business account 3) Be in the clothing retail store business at one year and establish the ability to repay back the loan 4) Have no outstanding large tax liens, delinquent child support issues, not currently in bankruptcy or foreclosure Documentation Requirements 1) Signed and dated application 2) Provide a photocopy of the detailed retail store business bank statements for the last four months 3) Copy of the Owners Drivers Licenses 4) A photocopy of the Articles of Incorporation if Applicable 5) Copy of a business license, tax id number or any other relevant license The bank will advance up to 2.5 x the average ending balance on the retail shop business bank account for the last four months up to $50,000. These are business loans and the length of the loan is four months which can be renewed. The loan can replace a merchant cash advance if it doesn’t go over 40% of the eligible borrowing base. At funding, thebankwill pay off the merchant cash advance or loan and pay you the difference. Example, your monthly average ending balance in your clothing store business bank account is $20,000 for four months. Your borrowing base would be $20,000 x 2.5 or $50,000. If your current cash merchant advance is $18,000, thebankat funding would payoff the merchant first and remit to you the difference for $32,000. Obviously if you didn’t have an outstanding merchant cash advance, this section wouldn’t apply. The kinds of businesses that would be great for this type of loan would be the following: Gas stations, restaurants, bars, discos, tanning salons, pizza shops, dry cleaners, doctors, dentists, physicians, lawyers, accountants, Cpas, limousine owners, automobile service centers and body repair shops, dog groomers, florists, beauty and nail shops, distributors, all different types of service providers. In conclusion, this is a great possibility to acquire short term clothing retail stores and shops small business loan financing in this difficult economy. This isn’t a merchant cash advance or loan program which can be quite tedious in its paperwork and processor work requirements . This great business loan program isn’t credit driven, for that reason your Fico Score isn’t an issue.. These small business loans can be renewed every four months if wanted by the applicant and gives the business a working capital injection. Happy hunting for your clothing retail store and shop short term small business loan and its associated working capital financing.
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J.M Luna has over thirty years in the financial field. This includes financing, leasing, business loans and hard asset money lending. U.S Corporate Capital Leasing Group assists the start up and seasoned businesses forl clothing retail stores and shops for all its financing needs. www.cclgequipmentleasing.com www.cclgequipmentleasing.com/cashadvances.htm
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