- Easy requirements
- No collateral
Quick and Easy Funds provides a number of loan options that cover an impressive array of funding amounts. Easy Term Loans seem to be their most popular option, providing up to $350,000 with an interest rate starting at 9.99 percent. This should cover most needs for small businesses, including expansion, inventory purchases, and new equipment. Best of all, there is no collateral required, and there are no prepayment penalties, so customers can pay off the loan early if they want.
Business Cash Advance
Their Business Cash Advance loan is a much shorter term loan, but it offers up to $350,000. This loan has fewer requirements than traditional loans and is intended for those businesses that need funding but might not be able to get it for a variety of reasons. Credit scores of 550+ are accepted, and few documents are needed to apply. Most of the time, no personal guarantees are necessary, and these loans are available even to businesses with prior bankruptcies or tax liens.
Asset Based Lending offers a truly impressive range of funding, with loan amounts as high as $35 million. Designed specifically as an inventory advance, it has what might very well be the highest advance rate on the market. This is a great choice for companies that are growing rapidly and don't want their credit capped. Interest rates are an impressively low 4 percent per year.
No Collateral Required
Quick and Easy Funds does not require collateral in most cases for any of their loan services, though the language on the website does leave the door open for personal guarantees in some instances. Their loans are instead based chiefly on annual sales. Also, the whole loan process is efficient and much faster than traditional loans. For loans under $90,000, funds can be available on the same day the application is approved. For loans in the range of $91,000 to $350,000, the process typically takes one business day. Quick and Easy Funds truly lives up to its name in this regard.
With less paperwork, low monthly payments, no collateral, no prepayment penalties, reasonable interest rates, and a wide range of loan amounts, Quick and Easy Cash is one of the more competitive loan companies on the market, and unlike other non-traditional loan companies, they are not limited to providing funding for small businesses.
The application process only takes a few minutes, and the only initial paperwork required are bank statements from the last four months. Closing documents are delivered via email, and funds are wired directly into the business's bank account. It is difficult to imagine an easier or faster loan process.