We have recently teamed up with a nationwide business loan company to provide easy business loans by Basictech
The business loan company we have teamed up with is called Mom and Pop Merchant Solutions, and they are serving all 50 states.
Please note: Mom and Pop Merchant Solutions ONLY accepts applications through their ISOs, so if you are considering applying for a loan, you must contact us, or another ISO.
Easy Business Loans
I titled this post Easy Business Loans by Basictech because I have never seen any institution make business loans so simple and easy as Mom and Pop Business Solutions.
The application is about a half a page long, and the approval process takes just a few days. They pride themselves on being able to fund businesses in just 5-7 business days.
These are not conventional loans. They are considered “Business Loan Alternatives”, in all states with the exception of California.
MPMS are purchasing future receivables at a discount, so the paperwork and approval process is much simpler.
Advantages of Business Loan Alternatives
There are certain advantages to business loan alternatives to include:
- No fixed payback schedule
- Application process is quick
- Cash in business account in days
- Completely automated payback
- No hidden fees
- No collateral
- No late fees
- Credit score does not make or break the deal
- Cash flow friendly
How to Get a Business Loan
The first step is to contact me at: firstname.lastname@example.org
Call (614) 636-2184. You may also use the contact form at the bottom of the page if you have any questions.
You will need 3 months bank statements, and 3 months ACH statements for your business.
If you do not take credit cards, then you will need to provide 6 months worth of bank statements.
How Much Can I Borrow?
The loan amount depends on your monthly revenue. Mom and Pop Merchant Solutions loans up to 2X your monthly gross income.
You must have a minimum of 1,250.00 of monthly gross income for your business, so the maximum loan amount on that income is $2,500.00.
The maximum loan amount that any business can borrow is 1 million dollars. This means that you would need to have $500,000.00 in monthly gross income.
What is the Interest Rate?
Interest rates are determined on a case-by-case-basis. Basictech cannot, and will not speculate or guarantee any specific interest rate.
We will however tell you that the interest is fixed. Mom and Pop Merchant Solutions will review your application and make you an offer based on certain criteria.
Please note that your personal credit is not a major determining factor. However, they reserve the right to pull a credit report. These loans are based on your business gross monthly income and business activity.
The time you have been in business, and your online reputation are initial determining factors. If you have a good business, you will get approved.
Just a note: Basictech can help you get a good online presence, and put your business on the map with our Business Optimization Services.
They will give you the terms, and you either accept the offer, or you don’t. It is that simple, and there is never a fee.
The interest charged is not accumulated. You will know exactly how much you will pay back, and the time given to pay it back.
Penalties and Rewards
This is one of my favorite aspects of writing this Easy Business Loans by Basictech article.
MPBS will work with you. They will reward you with discounts for being a good customer, and will not charge you penalties for unforeseen problems, or early payoff.
Example: Say you own a store, and it gets ripped up by a storm. As long as you are up front with them, and let them know what is going on, they will work with you.
They also do not charge a pre-payment penalty like most lending institutions. If you pay your loan off early, they may give you a discount on your money.
MPMS also rewards good customers with better rates.
Get a Business Loan Fast
With easy business loans by Basictech, you can have the money you need in 5-7 business days. The application process is easy, and never a fee to apply or get the money. Email: email@example.com,
Text your email to (614) 636-2150, we will send you the application.
You can always use the form below for any questions or comments.
Article by Randy Baith, Author Basictech Information Services