How to Overcome Business Hurdles with Small Business Loans
The business world can be unpredictable.
Even when you think you have planned for everything, a customer's large order or an unexpected bill can cause your business's accounts to fall to an uncomfortable level. However, there is one strategy you can employ to ensure that you have all the money you need to get through: a small business loan from Pawntique.
About Small Business Loans
A small business loan is an advance a lender makes to a business that is short on cash. When a lender makes such a loan, the business must pay the full amount plus interest back in equal installments. Though most businesses in financial trouble could benefit from a small business loan, not every business will qualify for one from a traditional lender.
Loans from Traditional Lenders
Many small business loans offered by traditional lenders, like banks and credit unions, are unsecured, which means that the business does not pledge any collateral to secure the loan. Because the bank has no collateral to rely on, it will require the business to have at least a minimum credit rating before approving the loan. Unfortunately, this will not work for many businesses in need of cash who have bad credit. Traditional lenders may offer personal business loans to the owner, but many owners of struggling businesses have already compromised their own credit in hopes of helping the company. Businesses and business owners with bad credit may qualify for secured small business loans, but those are also hard to come by from traditional lenders. In addition, traditional lenders will only accept certain forms of collateral, such as real estate.
Fortunately, there is a way to get a small business loan or a bad credit loan even with no traditional collateral: Pawntique. Pawntique is an online loan broker that provides short term collateral loans to business owners with bad credit. Pawntique will not check your credit score, nor will it report your loan to credit bureaus. You don't have to worry about finding traditional collateral to pledge, either. The loan you receive will be based on the value of personal assets.
How Pawntique Works
To obtain a short term collateral loan from Pawntique, provide a description of the asset you wish to pledge as collateral for your loan. Pawntique will send you a courier pack that you can use to mail in your asset. After receiving the item, Pawntique will assess the value and send you a loan. Loans are typically three months in length, and you can pay the loan back early without any penalty.
Our current economic state makes it hard for even the most successful businesses to survive. Help your business make it through with a small business loan from Pawntique.
Post by Don BattisDon Battis
is the CEO of Pawntique.