Teaching requires knowledge, enthusiasm, and above all: patience. But when you’re trying to run a business and have bills to pay, patience isn’t always a virtue or even a possibility, especially if you’re dealing with a bank. Maybe you’ve applied for a small business loan and been turned down, or you can’t afford to wait the weeks and weeks on a bank loan. Opportunity rewards those that take quick action! A merchant cash advance or small business loan from UNI Capital Management offers a better way:
Most of our educational and daycare clients receive a pre-qualification from us within 24 hours of submitting the online application, and often receive the money in their business bank account within 7 days. The process for obtaining a traditional small business loan from a bank could take several months. Learn how our small business loan or merchant cash advance application process works!
We don’t want to do too much homework. We are not a bank, so we don’t require the same amount of documentation from hardworking educators trying to teach our children in a better way. You don’t have to fill out 20+ documents and provide tax returns, financial statements, or use your daycare facility as collateral to obtain a business cash advance. We have a simple one-page application and only ask for 4 months of credit card processing statements and 3 months of bank statements. Did I mention we hate homework?
Teaching our children is one of the most important things we do in society, and we don’t want your past bad luck to prevent you from growing your dream business. We take many factors into consideration through our proprietary application approval process, and we have funded many educators who have credit scores 550 and above. Business loans from banks often require you to have a higher minimum FICO or credit score. Read how you can qualify for a small business loan or a merchant cash advance.
A merchant cash advance isn’t a traditional loan. The advance is paid back as a percentage of your daily credit card sales. When your classroom is full, you pay back more and when things slow down over the summer time, you pay back less. Simple, flexible, and eliminates the stress of paying back a loan. Learn more about our business cash advances.
Expanding and training young minds takes energy and money. You can plan a lesson down to the smallest detail, but you can’t plan everything about your business. On top of normal expenses, you also have to be prepared for the unexpected.
One problem with a traditional bank loan is its inflexibility. When applying for a loan you may have to outline exactly how you intend to spend it, and banks’ strict payment deadlines requires you to pay a fixed amount, even when things might be slow for you.
Here are just a few things you can use one of UNI Capital Management’s small business loan alternatives for: