Small Business loans – glovencapital

INSTANT PRE-APPROVAL

ON $20,000 - $5,000,000

FAST WORKING CAPITAL FOR SMALL BUSINESSES

All industries - No Collateral

Got Questions? Give us a call at 1-305-890-9000

Business Loan makes financing straightforward and simple

Whether you’ve been in business for years or are just starting out, you probably know that running a successful company requires access to working capital.

At Gloven Capital, we don’t just help you find the right loan for your business—we also guide you through the entire process. From reviewing your application to securing the financing quickly, we are with you every step of the way.

Our extensive lending network is made up of trusted financial institutions that specialize in offering small business loans, including:

SBA Loans
Equipment Financing
Asset-Based Loans
Revenue-Based Financing
Startup Loans

Whatever your business needs, Gloven Capital can help you secure the funding you require to grow and succeed. Reach out today to get started!

WHO QUALIFIES?

Businesses with strong performance, even owners with poor credit histories can be approved.

FASTER APPROVAL

You’ll receive an answer on your application from us within 24 hours and funds are deposited the same day in most cases. Banks require 4-6 weeks on average.

SIMPLE APPLICATION PROCESS

Only a simple application & 6 months of bank and/or credit card statements are needed no business plans required!

RENEWAL IS QUICK & EASY

For clients in good standing, the renewal process can be handled in 2-3 hours.

NO COLLATERAL NEEDED

We only look at the health of your business and no personal collateral is needed.

AFFORDABLE PAYMENTS

Payback your funds with small daily, weekly, or monthly payments unlike the large payments required by traditional banks.

Easy Application

Our easy application process only takes 3 minutes and can be done online.

Receive an Offer

You will receive an offer within 24 hours after we receive your documentation.

Accept Your Loan

After accepting your loan, our specialists will assist you in understanding your options.

Accept Your Loan

After accepting your loan, our specialists will assist you in understanding your options.

Small Business Administration Loans

The Small Business Administration (SBA) offers a range of loan programs designed to help small businesses thrive. Rather than directly issuing loans, the SBA provides lenders with a Federal guarantee for a defined amount, which means that the terms of SBA loans can vary based on the lender’s specific guidelines.

Typically, these loans come with lower down payments and longer repayment terms. One of the most popular options is the SBA 7(a) loan, designed to assist both established businesses and startups in obtaining financing for various business needs.

Common uses for SBA 7(a) loans include:

Working capital
Machinery and equipment
Commercial real estate

Another valuable resource is the SBA Paycheck Protection Program (PPP), which offers:

A 1% fixed APR rate for the entire loan term
Payments deferred for 10 months
Potential eligibility for loan forgiveness

If you’re looking for affordable, flexible funding options for your small business, Gloven Capital can help you explore the SBA loan programs that best meet your needs. Reach out today to learn more about the opportunities available.

Equipment Leasing and Revenue Based Loans

Equipment Financing can help your business acquire essential machinery such as vehicles, industrial equipment, restaurant ovens, construction tools, and more. This type of financing offers several benefits, including tax deductions, improved cash flow, and the ability to stay competitive by having access to the latest equipment.

Qualifying for equipment leasing with Gloven Capital is simple. Just apply online, provide six months of bank statements, and submit an invoice for the equipment you want to finance. We’ll give you an answer within 24 to 48 hours. We welcome businesses from all industries!

On the other hand, Revenue-Based Financing has become increasingly popular for businesses seeking quick access to capital. Instead of relying solely on the business owner’s credit score, this financing option is based on the company’s past performance. This makes it an excellent option for small businesses that may not qualify for traditional loans.

Requirements for revenue-based financing are straightforward:

Your business must have been operating for at least 1 year.
Your average gross monthly deposits should be at least $30,000.

There is no minimum credit score required, and funding can be provided in as little as 24 hours after approval. Gloven Capital offers this flexible financing solution to businesses across all industries.

Small Business Loans Requirements

The business must be active for at least 12 months
Monthly gross income of $30,000 or more (reflected in business bank statements)

Necessary Documents:

Signed Gloven Capital Application
6 months of bank statements
2 Years of Business Returns
1 Year of Personal Tax Returns
If a loan request above $150,000
Year-to-date financial statements (Profit & Loss Statement and Balance Sheet)

How To Apply For A Business Loan

DO A CHECKLIST OF ALL DOCUMENTS REQUIRED
Having an organized mind can be beneficial to save time and resources, prepare a checklist where you include all the requisites and the places where you need to go to collect all the issues and documents that are necessary at the moment of applying for a loan. sometimes this only requires a simple phone call to the financial institution where you are planning to get your working capital.
SET A TIME LAPSE
This depends on the financial product and the time while your paperwork and solicitudes are processed by the financial entity. you’ll have to establish variables on your plan, suddenly you have to change something on your paper or so. Have always destined a longer time-lapse for getting the funds for your business.
CONTACT A FINANCIAL ADVISOR
Remember that your financial statement must be complete, an easy way to achieve this is by collecting your bank statements monthly or by simply login into your online bank account, this way you will get deeper into your financial state. Also, it’s necessary to remember most small business loans require a loan application, fill this information carefully so you will avoid eventual changes and delays in the processes.
SET A SCHEDULE
You can easily go through this step by taking a calendar as a time tracker and circle up the days on which you’re committed to paying your small business loan. By having tools like a simple calendar always handy you can boost your productivity and will help you set your next goals and more coming business opportunities.
QUESTIONS?
If you are still not sure on how to apply for a business loan, please call us for a free consultation. Our staff is here to help you and will make the decision process easier for you.