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No credit check for gasoline and gas stations is obtainable with easy qualify short term small business loans and working capital financing up to $50,000. This enables the established gasoline and gas station small businesses ahuge opportunity to take 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 gasoline and gas station small business loan program is put together in the following way. The small business applicant should follow the below guidelines: 1) Maintain at least a $4,000 ending bank balance in their gas station business account 2) Deposit at least 10-15 times per month in their business account 3) Be in the gas station 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) Supply a photocopy of the detailed gasoline station business bank statements for the last four months 3) Copy of the Owners Drivers Licenses 4) A copy of the Articles of Incorporation if Applicable 5) Photocopy of a business license, tax id number or any other relevant license The financial institution will advance up to 2.5 x the average ending balance on the gasoline station 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 substitute a merchant cash advance if it doesn’t exceed 40% of the eligible borrowing base. At funding, thelenderwill pay off the merchant cash advance or loan and pay you the difference. Example, your monthly average ending balance in your gasoline station 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, thefinancial institutionat funding would payoff the merchant first and remit to you the difference for $32,000. Apparently 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 huge likelihood to take short term gasoline and gas station small business loan lending 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 qualifications . This great business loan program isn’t credit driven, therefore 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 gasoline and gas station short term small business loan and its related working capital financing.
Article Source: http://www.gambling-articles.org
J.M Luna has over thirty years in the financial field. This includes financing, leasing, hard asset money and commercial lendng. U.S Corporate Capital Leasing Group assists the start up and seasoned business in all their gasoline and gas station financing needs. www.cclgequipmentleasing.com www.cclgequipmentleasing.com/cashadvances.htm
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