Your Source for Convenient Small Business Loans
Stop jumping through hoops trying to get a bank-issued small business loan. With Paramount Merchant Funding you could be eligible for a small business loan based off of your monthly sales, and you can get that loan through our simple small business loan application process. You can be approved in as few as 24 hours.
How does it work?
Our small business loans come with fixed daily or weekly payments, which means you can easily invest in your small business now and plan your finances for the future. Paramount Merchant Funding small business loans up to $250,000 allow you to grow your business with no restrictions on how to use the money.
Approval Requirements and Poor Personal Credit
Most small business loans require certain personal credit scores, usually a minimum of 700. With Paramount’s Small Business Loan, we look beyond personal credit scores. We understand that most small business owners have no choice but to max out their credit cards and damage their credit to open a business because no one else will help them with financing. Paramount looks past the credit score and we make our decisions based on the strength of the business.
You qualify if you meet the following criteria:
- Open for business for at least 3 months
- Minimum of $5,000 per month in sales
- No open bankruptcies
Paramount Small Business Loan vs Bank Loan
- Less paperwork – Banks require audited financials, tax returns, and personal financial information. Paramount only requires a few recent bank statements and our 1 page application
- No Collateral required – Banks will attach your house, car, etc. With Paramount, we do not attach any personal collateral and the small business loan is only based on the performance of the business
- Up to $250,000 provided in one small business loan – most Bank Loans only go up to $50,000
- Quick turnaround – The application process for a bank loan typically takes 3 – 6 months, while with Paramount Approvals are given within 24 hours and funding can take as little as 5 business days
How much do you qualify for?
Stop waiting on a small business loan from a bank, and get the cash you need to grow your business quick by applying for a small business loan from Paramount Merchant Funding. Call to speak with a representative or complete the online Application now.
* Not available in every state
