Starting A Business Need Small Business Loans | Small Business Startup Loan
  • TOLL FREE 1-800-880-0349 - FAX 1-786-724-3020
  • customercare@garrtechfunding.com

A small business startup loan is any kind of financing aimed specifically towards startups with little to no business history. We offer three different kinds on our marketplace.

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A SMALL BUSINESS STARTUP LOAN IS ANY KIND OF FINANCING AIMED SPECIFICALLY TOWARDS STARTUPS WITH LITTLE TO NO BUSINESS HISTORY. WE OFFER THREE DIFFERENT KINDS ON OUR MARKETPLACE. IF U HAVE A BUSINESS THAT ITS NASCENT STAGES AND U NEED FOR FOR WORKING CAPITAL ,THEN U CAN OPT FOR SMALL BUSINESSES STARTUP LOANS WHICH COMPRISES OF THREE TYPES OF FINANCING WHICH INCLUDE EQUIPMENT'S FINANCING BUSINESS CREDIT CARDS AND THE CREDIT LINE BUILDER .THIS FORM OF COLLECTIVE LOANS IS A GOOD OPTION TOWARD BUILDING UP A STRONG BUSINESS CREDIT . ALSO, DO UNDERSTANDS THOSE OTHERS TRADITIONAL METHODS OF FINANCING ARE ALSO GOOD LIKE SMALL BUSINESS ADMINISTRATION or SBA, PRIVATE INVESTORS, CROWD FOUNDERS , FAMILY , AND FRIENDS

Documents To Exspect

  • Valid driver licence & credit score

  • Business plan & bank statement

  • Business dept schedule & balance

  • Business & Personal Tax Return

  • Void Business Check

  • Profits & lost statement

Minimum to apply

  • Minimum 24 months in business

  • Annual revenue + $50,000

  • No second position allowed

  • Bankruptcy allowed after 3 years

  • Credit card & receivables not factor

  • Profitably is not a factor

Some stats

  • 5

    Max Loan Amount 5k to 5M

  • 25

    Loan Term 5 to 25 Years

  • 6

    APR start from 6%

  • 30

    Speed as little 30 days

A SMALL BUSINESS STARTUP LOAN IS ANY KIND OF FINANCING AIMED SPECIFICALLY TOWARDS STARTUPS WITH LITTLE TO NO BUSINESS HISTORY. WE OFFER THREE DIFFERENT KINDS ON OUR MARKETPLACE. IF U HAVE A BUSINESS THAT ITS NASCENT STAGES AND U NEED FOR FOR WORKING CAPITAL ,THEN U CAN OPT FOR SMALL BUSINESSES STARTUP LOANS WHICH COMPRISES OF THREE TYPES OF FINANCING WHICH INCLUDE EQUIPMENT'S FINANCING BUSINESS CREDIT CARDS AND THE CREDIT LINE BUILDER .THIS FORM OF COLLECTIVE LOANS IS A GOOD OPTION TOWARD BUILDING UP A STRONG BUSINESS CREDIT . ALSO, DO UNDERSTAND THOSE OTHERS TRADITIONAL METHODS OF FINANCING ARE ALSO GOOD LIKE SMALL BUSINESSES ADMINISTRATION or SBA, PRIVATE INVESTORS, CROWD FOUNDERS , FAMILY , AND FRIENDS

Requirements

The businesses which are in the nascent stage can qualify for small business startup loans. The important factor is, however, the credit scores. Like in the case of equipment financing, the credit score should be equal to or higher than 680. The higher the credit score, the better chance of qualifying.

Fee Structure

The fee structure for the three types of financing is different. In the case of equipment financing, one needs to keep in mind that the interest rates keep on fluctuating with time. But in usual cases, the average rate of interest is approximately 20%. It might seem a bit higher at initial stages but it is effective towards backing up the startup costing.The APRs in the case of business credit cards lies in the range of 13% to 20%. It is essential that you keep a close eye on certain additional charges on business credit cards such as foreign transaction fee, late charges, annual and fund transfer fees as well. The interests and due dates might change at some point. Usually, the changes are notified but it is better to keep your eyes open. Sometimes, you might get an advantage of 0% introductory APRs for a span of 9 months or a year which facilitates interest-free loans. This needs to be taken into consideration in due time.In the case of credit line builder, you need to be very careful with the credit limits and repayments, especially in case you have multiple credit cards. One late payment might not impact your credit score much but be making it a habit might have a drastic impact. If you keep your expenses are in check then it is quite helpful. In this case, there is onetime origination fee that depends on a percentage of approved amounts to be given to the financing company through which you take the cards.

  • It is a method of fast access to funds

  • Collateral in the form of equipment

  • Option for business owners who have a limited financial

  • Good credit score is required for qualifying for the loan

  • Loan amounts are relatively low

  • By the time loan amount is repaid, the equipment might

Hi Merchant , My name's Dan I'm your Funding Advisor at Garrtech Funding . I'm the specialist in Short Term Loans . We Also provide Business Cash Advance & Merchant Cash Advance . Don't hesitate in asking about this program. Get in touch with me Toll-Free 1-800-880-0349

Dan Tanga
Dan Tanga,
Funding Advisor

If you have a business that is in its nascent stages and you need for working capital, then you can opt for small business start-up loans which comprise of three types of financing which include equipment financing, business credit cards, and the credit line builder.

This form of collective loan is a good option towards building up a strong business credit. Also, do understand those other traditional methods of financing are also good like Small Business Administration or SBA, private investors, crowd funders, family, and friends. Characteristics ·         It is a method of fast access to funds ·  Collateral in the form of equipment ·  It is a preferable option for business owners who have a limited financial history or are planning on starting a business. Turn Downs · Good credit score is required for qualifying for the loan ·         Loan amounts are relatively low ·  By the time loan amount is repaid, the equipment might go obsolete 

Basics

It might appear a bit confusing to you when you see three elements of the loan at the same time but it is quite easy to understand when you look into them one by one.First, with the equipment financing, the machinery serves as the collateral. It has a higher risk factor for the lender as; the investment is sometimes over a fresh business also at a lower interest rate. It is effective as the equipment is purchased on low rates, generates profits which can be used to pay off the loan and aid business growth. Second is the business credit cards are especially suitable for small businesses and startup companies. It helps in separating personal finances from business purchases which are useful towards online purchases and ease of cash flow at the time of need. Also, the cash back and reward points are helpful in the long run towards purchases.The third segment is the credit line builder. In this, you get associated with a financing company for applying across various credit card options. This saves you a great amount of time and effort. The approved credit amount is this case is added to the maximum amount of all credit cards and aids you towards faster and convenient purchases. Other than that other criteria include · Maximum loan amount of $150,000 ·  Loan term varies from 6 months to 4 years ·  Interest rates range from 7.9% to 19.9% · Approval time is within 2 weeks

Garrtech SBA Loans Customers who have been approved And America SBA report 2016

  • Revenue over $180,000 - Credit score 680 - Time in Business +4 years 80%
  • Revenue over $400,000 - Credit score 700 - Time in Business +7 years 50%
  • Revenue over $750,000 - Credit score 700 - Time in Business +10 years 30%
  • USA SBA Loan approval 2015 - $350k to 2m 50%
  • USA SBA Loan approval 2015 for existing business 60%
  • USA SBA Loan approval 2015 for new business 40%

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Hi Merchant , My name's Parvin I'm your Funding Advisor at Garrtech Funding . I'm the specialist in SBA Loans . We Also provide Business Cash Advance & Merchant Cash Advance . Don't hesitate in asking about this program. Get in touch with me Toll-Free 1-800-880-0349

Parvin Kumar
Parvin Kumar ,
Funding Advisor

Hi Merchant , My name's Dan I'm your Funding Advisor at Garrtech Funding . I'm the specialist in Short Term Loans . We Also provide Business Cash Advance & Merchant Cash Advance . Don't hesitate in asking about this program. Get in touch with me Toll-Free 1-800-880-0349

Dan Tanga
Dan Tanga,
Funding Advisor

Hi Merchant , My name's Stella I'm the specialist in equipment financing at Garrtech Funding . We also provide Credit Cards Processing and Pos system's with the latest technologies . Don't hesitate in asking about this program.

Alicia Stone
Alicia Stone ,
Product Manager C/C

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