Loans

Wise Business Loans specializes in providing small to mid-sized companies small business loans with loan amounts ranging from $10,000 to $2M. As a direct source of funds, we specialize in several types of loans and meeting the working capital needs of over 700 industries for business owners in all 50 states.

Time In Business

icon_time_in_business

1 Year in Minimum

Yearly Revenue

yearly_revenue

$150,000 +

Loans

loans

$10,000 to $2M

Credit Score

credit_score

500+ FICO Score

The Dirty Little Secrets Traditional Banks and Financial Institutions Don’t Want You to Know

Business funding is easier than you think. The question is not “How do you qualify for a small business loan?” The question is “where to get small business loans?”

The Wise Business Loans qualifications are less than those of banks.
We’re focused on getting you approved so you can grow your business.

Why You’ll Probably Get Rejected for a Bank Loan

The traditional bank route is a nightmare. Why? After the worst recession in the early 2000’s, since the Great Depression, banks were forced to comply with more challenging rules and regulations. The result was a dramatic and painful retreat from business funding. Financing options all but dried up for companies generating annual revenue between $200,000 to $20 million. The types of loans necessary to expand or grow your business all but evaporated. Business owners got cancellation notices for their credit lines. Banks no longer issued business credit cards. Business lines of credit, invoice financing, and equipment financing shut down.

Small Business Loans

No Cost

No Obligation

24hr Approvals

Let’s take a look at the typical bank requirements to get business funding. The average business owner will visit on average three banks or financial institutions and spend close to 30 hours on the loan application process trying to secure a business loan.

  • COMPLETE AND SIGN THE APPLICATION
  • BUSINESS INFORMATION
  • 3 YEARS BUSINESS FINANCIAL STATEMENTS
  • R.E. DEED
  • 3 YEARS BUSINESS TAX RETURNS
  • SHAREHOLDER LIST
  • PERSONAL FINANCIAL STATEMENTS
  • BUSINESS CREDIT REPORTS
  • PERSONAL CREDIT REPORTS
  • A/P AGING REPORT
  • R.E. APPRAISAL
  • 3 YEARS PERSONAL TAX RETURNS
  • INVENTORY AGING REPORT
  • D-U-N-S NUMBER
  • PERSONAL CREDIT REPORT
  • BUSINESS PLAN
  • R.E. SURVEY
  • FF&E SCHEDULE
  • COMPANY BYLAWS
  • INSURANCE INFORMATION
  • FINANCIAL FORECAST
  • CORPORATE/PTR/LLC ARTICLES
  • A/R AGING REPORT
  • R.E. ENVIRONMENTAL REPORT
COMPLETE AND SIGN THE ONE-PAGE APPLICATION
LAST 3 MONTHS OF BUSINESS BANK STATEMENTS
Wise Business Loans

Small Business Loans

No Cost

No Obligation

24hr Approvals

How to Obtain Small Business Loans

There is no little secrete here. These are the cold hard facts. The items below are the critical qualifying factors. To get a business loan approval here is what you need to know to determine whether your business loan application can qualify for the best small business loans:

  • Time in business for at least one year. Startup loans are very challenging. An online lender will not consider any company with less than six months of revenue. Banks typically will not consider startup business loans since they require at a minimum three years of personal and business tax returns and financial statements
  • Minimum monthly revenue of $15,000. Why is at least $180,000 annual income or more the ideal amount? First, no bank will approve your business loan with little to no revenue. Alternative lenders base their approval on multiple factors, including your cash flow. Strong cash flow ensures that you have enough money at the end of the day for loan repayment. Keeping enough cash in your business account is necessary regardless of whether the payment of your business loan is daily, weekly or monthly.
  • You must be a U.S. citizen (case by case for work visas) with a U.S. based business. While generally, we like to see you have 51% ownership in the company, this is not a hard and fast rule. Business owners with lower ownership amounts are ok. You must have a business checking account and an active business registered with your secretary of state.
  • A personal credit score of 525 or better. Can we accept lower scores? Yes, however, there needs to be other mitigating factors to make up for the scores weakness, such as time in business, revenue, business credit, and industry.

How to get Small Business Loans

What factors increase the chances of a loan approval? What are the highest approval factors?

  • No bankruptcies or criminal histories. Make sure the bankruptcy is discharged for over one year as most lenders other than banks will consider your loan application. Most online or alternative lenders also desire at least five monthly deposits preferably from different clients.
  • Tax liens are ok as long as they are less than $200K and you have an agreement for repayment.
  • NSF’s (non-sufficient funds) are generally less than four a month.
  • No-stacking. No bank or typical financial institutions will allow the average business to secure more than one bank loan. For more information on this research “subordination.” Some online lenders will allow for more than one concurrent loan; however, most loan agreements consider stacking to be a violation of their terms and conditions. Lastly, the best loan approvals originate when a company I sin business for three years or more.

Are Small Business Loans Hard to Get?

The following items make it very challenging and even hard to get an approval for your loan.

Business loans available are reduced dramatically when one or more of these items are in your history. Financing your business is almost impossible if you have:

  • No credit history. Credit includes both personal credit and business credit. If you are considering applying for a business loan, you should sign up for credit monitoring.
  • An average minimum daily balance of less than $1,000. Most businesses that are generating less than $15,000 a month struggle to keep this balance.
  • Business loan defaults are a deal killer. Also, a history of taking more than three advances at the same time or stacking. The strategy of taking as many loans as possible, while appealing short term, dramatically reduces your loan options in the future and should be avoided.
  • Open bankruptcies or foreclosures.
  • Negative ledger balances. Keep on top of your business finances.
  • Company revenue is going to a personal checking or savings account. It would help if you kept your business finances separate from your personal finances. You do not want to take a personal loan for the business.

How to Obtain Small Business Loans

There is no little secrete here. These are the cold hard facts. The items below are the critical qualifying factors. To get a business loan approval here is what you need to know to determine whether your business loan application can qualify for the best small business loans:

  • Time in business for at least one year. Startup loans are very challenging. An online lender will not consider any company with less than six months of revenue. Banks typically will not consider startup business loans since they require at a minimum three years of personal and business tax returns and financial statements
  • Minimum monthly revenue of $15,000. Why is at least $180,000 annual income or more the ideal amount? First, no bank will approve your business loan with little to no revenue. Alternative lenders base their approval on multiple factors, including your cash flow. Strong cash flow ensures that you have enough money at the end of the day for loan repayment. Keeping enough cash in your business account is necessary regardless of whether the payment of your business loan is daily, weekly or monthly.
  • You must be a U.S. citizen (case by case for work visas) with a U.S. based business. While generally, we like to see you have 51% ownership in the company, this is not a hard and fast rule. Business owners with lower ownership amounts are ok. You must have a business checking account and an active business registered with your secretary of state.
  • A personal credit score of 525 or better. Can we accept lower scores? Yes, however, there needs to be other mitigating factors to make up for the scores weakness, such as time in business, revenue, business credit, and industry.

Small Business Loans

No Cost

No Obligation

24hr Approvals

Types of Small Business and Wise Business Loans Core Industries

3d-buildings
  • Construction
  • Trucking
  • Home Healthcare
  • Restaurants
garage
  • Automotive Repair
  • Bakeries
  • Franchise
  • Transportation
store
  • Liquor stores
  • Medical practices
  • Manufacturers
  • Nail Salons
customer

Business to Consumer

Food Services, Retail, Personal Services,
Hospitality, Healthcare, and Automotive

networking

Business to Business

Manufacturing, Construction,
Transportation, Distribution

Small Business Loans

No Cost

No Obligation

24hr Approvals

How Easy is it to get a Small Business Loan?

Wise Business Loans is highly motivated to provide you the very best service and help you secure financing your business. As business owners, we fully understand the challenges you have as an entrepreneur. We know your time is precious and the last thing you want is an overly aggressive salesperson trying to force a loan down your throat. We work with all types of small business and offer loan programs to meet all of your business plans. Talk to us if you have special needs like SBA loans (7a loans) or equipment financing

Our loan application process is extremely fast and easy. To start the process, all we need is:

  • A one-page application
  • Soft credit pulls – No impact on your personal credit score or credit reports
  • Provide the last three months of your business bank statements
  • Tax returns are not necessary for loan amounts under $100,000.
  • There is no application fee
  • 24-hour approvals
  • Next day, fast funding
  • Loan amounts between $10,000 to $2M. Talk to a specialist for maximum loan amount up to $60M
  • Easy loan payment options including daily, weekly and monthly. No loan calculators necessary
  • Term Loans – loan programs from 3 months to 24 months depending on loan types

Small Business Loans

No Cost

No Obligation

24hr Approvals

FAST BUSINESS LOANS

Wise Business Loans’ Fast Business Loans make it easy for business owners to receive the funding needed. The best part is that you don’t need much time to apply. Just fill out our one-page loan application, have at least six months in business, annual revenue of at least $150K, a personal credit score of 500 or better and apply online and get your funds immediately.

Thanks to Wise Business Loans, the days of waiting weeks for a quick business term loan. If you need a loan in just one to two working days, we can help you!

Want to learn more about Fast Business Loans?

LARGE BUSINESS LOANS

Large businesses have the same options available for small businesses. However, the benefit is far greater variety. Larger businesses commonly have more assets which help them when applying for a secured business loan or a business line of credit. Larger companies may also acquire financing through issuing equity. At Wise Business Loans, we work with companies whose annual revenue ranges from $200,000 per year to $20M plus. Wise Business Loans is a Large Business Loan provider that specializes in getting businesses the money that they need as quickly, easily and affordably as possible.

Want to learn more about Large Business Loans?

UNSECURED BUSINESS LOANS

Unsecured Business Loans provide short term financing options that don’t require a borrower to put up any collateral for the loan. What does this mean to you? An unsecured loan from Wise Business Loans does not need you to offer up any property, assets or collateral to secure your financing. Most business owners do not have many assets that they can risk losing, nor do they have many funding loan options with flexible loan repayment. Our goal at Wise Business Loans is to make the process as streamlined as possible for our business owners. Wise Business Loans will consider far more contributing factors other than just your personal credit score.

Complete the simple one-page form in less than 3 minutes.

Want to learn more about UsecuredBusiness Loans?

MERCHANT CASH ADVANCE

The merchant cash advance, or MCA, has been around for some time now. Repayment of the business cash advances is through the company’s future credit card sales. What makes the cash advance work is your company’s ability to repay a percentage of your daily receivables.  The MCA is technically not a business loan.

Are you in need of extra cash for your business? Are you looking for flexibility in paying it back? Then a merchant cash advance may be the answer. Wise Business Loans is a merchant cash advance provider that specializes in getting small businesses the money that they need quickly, easily, and with an affordable loan payment. Apply in less than 3 minutes here.

Want to learn more about Merchant Cash Advances?

Small Business Loans

No Cost

No Obligation

24hr Approvals