While BCI Lending makes loans up to $10,000,000, sometimes a business needs a small loan. That’s why more than half of the loans BCI Lending approves and originates are $250,000 or less.
Such loans are most frequently sought by small businesses with sales and revenue of less than $750,000 and fewer than 15 employees. Generally, these businesses have been in operation for less than four years. If you are interested in finding the startup budget for your small business read the best reviews about small loans companies. This information will help you choose the most affordable online lender.
A small BCI loan can help your business:
- Replenish working capital. Didn’t scale back expenses quickly enough to accommodate for the recession? BCI Lending can assess your collateral, revenue streams and personal worth for a global approach to lending that will fix cash flow problems.
- More flexible borrowing terms. Extend loan life on equipment and real estate with fully amortized loans. Eliminate unpredictable balloon payments with greater repayment terms. (Read the amortizing loan entry under Helpful Articles).
Let’s get started. We need four pieces of information. Please provide:
- Loan amount and purpose
- Current personal financial statement
- Credit authorization
- Most recent personal tax return
BCI Lending will quickly review your request and you will be notified. If your situation is favorable, an appointment for a personal consultation will be set. This will be either by phone or in person. Refer to the SBA checklist prior to your consultation to be more aware of the information needed to move forward on an SBA loan.
Our team of financial experts goes beyond traditional financial services to become your partners in exploring business loan possibilities. This is just one way BCI Lending can alleviate financial pressures and help your business get back to business.