The Perfect Loan To Scale Your Business
About 600,000 new businesses open every year. Of these businesses, only half make it to the fifth year and even less gets past the tenth year. Running and operating a business can sometimes be stressful and most of the time more costly than expected. One of the main reasons why these businesses fail during the infancy stage is due to cash shortage.
Lack of additional working capital makes it challenging for business owners to compete with the giants of their respective industries and, at the same time, stay relevant to their existing and potential customers.
This is where business loans are beneficial. Business owners can use the monetary inflow to take advantage of the opportunities that the market is offering without risking one’s assets.
To ensure business continuity, SMEs and business owners in general lean towards Esquire Financing Inc.’s non-collateral business loan. This is mainly because there is less to no investment needed and the requirements are fairly minimal compared to the other financing companies. Applicants are not required to submit any type of declaration of existing assets or security as collateral for their application to be processed.
Another factor that most business owners are seriously considering is EFI’s 7-working days application turnaround time.
Want to know more about what our clients say about us and the service that we provide? Visit www.esquire.com.ph/testimonials and hear some of our valued clients’ testimonials.
Here are several factors that you should be taking into consideration before starting your online business loan application with EFI:
The purpose of the business loan should be clear. If you’re planning to use the added capital that you will be receiving for non-business related activities, you may want to think it through.
Getting a high approval amount can be tempting for some. To help you stay on the right track, go back and review what the purpose of the business loan is.
The duration or the number of months that you will be taking the loan is worth looking into. Term loans or short-term loans can be helpful for covering temporary cash deficiencies like payroll, payment for utility bills or buying additional inventory.
In connection with the duration of the loan, the monthly amortization should be looked into as well. Ensuring that you’re able to pay for your monthly amortization in a timely manner will increase your creditworthiness and help you avoid incurring any charges in the future.
That being said, availing of EFI’s non-collateral business loan is fast and hassle-free. Get timely updates within 7 working days after submitting the minimal documentary requirements such as EFI’s fully filled out application form, DTI or SEC certificate, valid government-issued IDs, and the latest 3 months bank statements. It’s the perfect loan for you to scale your business and ensure business continuity.
Are you ready to gain access to business financing to get the additional working capital that you need? Allow us to help you take your business to greater heights. Start your online loan application by going to www.esquire.com.ph today.