If your business is seeking a business bank statement loan product, your business will need to provide your last 6 months business checking account statements and a simple one page application.
To obtain a higher funding amount, a business also has the option of providing the most recent year’s business tax return. If the Gross sales figure is significant, the approved amount will often be higher. Repayment terms for this product are 3 to 18 months. The final term of the transaction is often based on the preference of the customer’s initial request of the term.
For more details. Ed Rogers, Small Business Loans Depot 919-771-4177.