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Delancey Street is a premier small business lender, based out of NYC, that has helped broker 100's of millions in business loans. They are a pro, at making sure you get all of your financing needs satisfied.
- Over $200 million in funding secured
- Can handle low risk credit
- Handles all industries
- Handles high risk and low risk loans
Seattle Small Business Loans: How They Can Help Your Business Soar!
As a small business owner, it’s difficult to know where to turn when you need funding. Banks are often too strict, crowdfunding is too unpredictable, and private loans often come with high interest rates. That’s why Seattle has become a hotspot for small business owners looking for financial support. Seattle small business loans offer flexible terms, low interest rates, and easy payment plans that can help your business grow.
What Are Seattle Small Business Loans?
Seattle small business loans are loans designed specifically for small businesses in the area. These loans have been created to help entrepreneurs get their businesses up and running or to provide them with additional funds to help with growth opportunities. Seattle small business loans are offered by local lenders, as well as online lenders, so there are plenty of options to choose from.
Benefits of Seattle Small Business Loans
There are several benefits to opting for a Seattle small business loan over other types of funding. Here are just a few reasons to consider:
Flexible Terms – Unlike traditional bank loans that typically require a minimum commitment of five years, Seattle small business loans can have shorter terms, such as one or two years. This can be helpful for businesses that don’t want to take on a long-term loan.
Low Interest Rates – Seattle small business loans often come with lower interest rates than traditional bank loans. According to a study done by LendingTree, the average interest rate for a Seattle small business loan was 7.5 percent in 2019, compared to the national average of 9.4 percent.
Easy Payment Plans – Many Seattle small business loans offer easy payment plans that can make it more affordable for small businesses to repay their loans. For example, some lenders may offer a “skip-a-payment” plan, which allows a borrower to skip one payment per year without penalty.
One Stop Funding Solution – Seattle small business loans provides a full-suite of financing options thus becomes a one stop funding solution for small business owners, offering various loan options from term loans, lines of credit, SBA loans and invoice factoring.
How To Apply For Seattle Small Business Loans
Applying for a Seattle small business loan is pretty easy – you can do it online or in person. Many lenders will ask for basic information about your business, such as the type of business you own, its legal structure and revenues and other financial metrics. All the documentation can be easily uploaded onto the lender’s website.
Testimonials
Seattle small business loans have already helped dozens of business owners succeed. Here are just a few testimonials:
“I was struggling to keep up with the demand for my product, but I didn’t have the cash flow to keep up with production costs. That’s when I applied for a small business loan with a local Seattle lender. The whole process was easy and straightforward. They approved my loan quickly and the money was in my account within a week. Now my business is thriving!” – Victoria Lee, owner of Lee Ovenware
“When I opened my boutique coffee shop, I had no idea how much funding I would need. It wasn’t long before I realized that I had underestimated the amount of startup capital I would require. But instead of giving up, I applied for a Seattle small business loan. With their help, I was able to get my business off the ground and now we’re one of the most popular coffee shops in town.” – Ethan Perez, owner of Pour Over Coffee
Counterarguments
Some may argue that taking out a loan puts a small business at risk. Others may be hesitant to take out a loan because of the potential for high interest rates. However, by choosing a reputable lender, following a cost-benefit analysis and planning diligently, small business loans ends up being beneficially for entrepreneurs. Additionally, having access to Seattle small business loans can provide a unique opportunity to expand and reach new heights in business.
Conclusion
Seattle small business loans offer entrepreneurs the financial support they need to succeed. With flexible terms, low interest rates, easy payment plans, and a plethora of options, these loans are the perfect solution for those looking to take their business to the next level. Don’t let funding hold you back – look into a Seattle small business loan today!
References:
https://www.lendingtree.com/business/sba/seattle/
https://smallbiztrends.com/2018/05/seattle-startup-funding.html
https://www.moneycrashers.com/commercial-business-loan-types-explained/
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