Chicago Business Loans

About Midterm Chicago Business Loans

Midterm Chicago Business Loans are  another great alternative funding option for small business owners. Midterm Small business loans offer Chicago business owners the fast cash that they need with flexible rates and a longer repayment terms, from 2-5 years total. Some small Chicago business owners are in dire need of quick funds with a longer term than short term financing. This is often used by merchants who will not have the repayment funds readily available in a short amount of time. This way, they are granted more flexibility with the time for repayment. These funds may be implemented on growth projects or any other purpose considered necessary.

Advantages of Midterm Chicago Business Loans

When applying for midterm Chicago business loans, it is great to keep in mind the advantages associated with the funding process. Midterm Chicago business loans offer anywhere from $5,000 to $1,000,000 to Chicago business owners from many different industries. The typical turnaround time is as little as 24 hours and lenders offer flexible rates. To your advantage, qualification requirements are met by many applicants. Since it is midterm financing, the merchant has up to 5 years for repayment, but every application is treated on a case by case basis by one of our dedicated Chicago Business Loan / funding specialists.

No collateral is needed to apply nor high credit scores, we simply take monthly revenue and time in business into account to determine the merchant’s qualification for financing.  Paperwork is minimal, and our support team is always readily available to answer any questions to help merchants receive the funds they need.

Midterm Business Loan Application

  • Low Rates
  • Flexible Working Capital
  • 2-3 week Turnaround Time
  • Funds Paid Back Over Longer Period
  • Easy Qualification Requirements

How to Get Midterm Chicago Business Loans

Applying for Midterm Chicago Business Loans is easy and hassle free. We have generated a user-friendly application form on our website that can be filled out in a matter of seconds. Whether you are on your phone in the middle of the day, at work on your desktop, or even at home on your tablet, you can access our application from any device. Once a funding specialist has gotten in contact with the applicant and all documentation has been submitted, there is an estimated 24-hour turnaround time for approval on the financing options. Expect to provide financial statements and Chicago business documents for the submission process.

Midterm Chicago Business Loan Requirements

  • Credit Minimum is 675
  • Profitable One of the Last Two Years
  • Minimum Revenue per Year 250k
  •  Minimum Time in Business 3 Years

Midterm Chicago Business Loan Uses

Midterm Chicago Business Loans differ from bank loans because the lenders leave it up to the borrowers to know how they can strategically use the funds for growth. There is great flexibility with the terms of midterm business loans, thus, business owners can use the capital for an array of projects. Some of the most common uses are:

  • Marketing Campaigns
  • Replenishing Stock/Inventory
  • Upgrading Equipment
  • Expansion
  • Day-to-Day Cash Flow
  • Remodeling
  • Safety Net for Emergencies
  • Cover Operating Expenses
  • Purchasing Software
  • Hire Business Consultant

 

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