Are you in need of money for your start-up business or a regular established business and have been searching for a way to get it? A secured business loan is when you use your vehicle as equity for a loan. You might be qualified and don’t know it. Let Max Cash Title Loans help you try again for a secured business loan.
So who would qualify as a small business? You might be surprised! Let’s speculate that you are a subcontractor, hair stylist, teacher or some other job, these things can be ventures you can call small businesses. So many types like online marketers, Uber or Lyft drivers…even if you do nails on the weekends (and charge for it of course). The key here is you have to prove that this is a business and to do that you need proof. We can talk to you about what that proof would be but websites, business cards, tax ID’s and the such is a start.
Unsecured business loans work for most business IF you have been in business for over a year and have a great deal of income coming in from the business. You will need bank statements to prove this and they frown on things like times your you went upside-down in your checking account. That’s just a problem here.
A secured business loan type gives you the ability to have some peace of mind. As a small business you can use a secured loan based by using your car and it needs to be worth as much as 6,500 dollars. The smallest loan amount the lender gives out is 5,000 dollars so your car has to pass the muster. The car must be free and clear of other liens or almost paid off. You are going to require proof that your business is legit.
Secured loans skip some of the disqualifying things that other unsecured business loans have.
- No need for bank statements
- Bad credit is not an issue
- ANY business industry
- High approval rates
- Easy payment terms
- Under a year in business is ok!
Max Cash Title Loans will do everything in our power to assist you with getting the money you need.