Loans have become an important way to grow any business. Money lending with interest rates began in the Mesopotamian civilization around 4000 years ago, in 2000 BC. Since then, the money lending system has undergone numerous changes. However, in the 1980s, the process of business loans sped up due to the invention and advancement of computers. But still, there were hours of paperwork to approve a loan. Over the years, many banks and finance companies have always prioritized lending to large corporations, resulting in the neglection of business loans for small business.
According to Fundera reports, 23 percent of small businesses fail due to a lack of funds. Furthermore, 36% of small business loans were rejected by major banks. This led to the wide acceptance and popularization of online lending systems, which provide unsecured business loans for small businesses. Since the last decade, around 32% of small businesses have applied to many online financial providers.
Provider of the best unsecured online business loan:
Although there are many online financial loan providers, Biz Advance Now is the ideal option. Biz Advance Now is the UK’s leading small business loan provider, which also offers the best deals for online business loans for small business. These are the reasons that make it the best choice for business loans:
Fully Online Process: Many major banks and business loan providers use the traditional method of hours of paperwork to approve a loan. Unlike this, Biz Advance Now offers a fully online process. They believe in a faster and smoother banking experience, from submitting an application for approval to receiving funding.
Rapid Approval Rate: According to Fundera reports, 14% of the small businesses receive no funds due to non-approval of their loan applications after hours of paperwork. However, Biz Advance Now offers approval for their applications within 24 hours. Moreover, funding within 24 hours is also possible.
Flexible Repayment Policies: Many institutional loan providers offer strict monthly installment policies regardless of customers’ income. But there’s nothing like this in the case of Biz Advance Now. They offer flexible repayment policies and equal monthly installments according to the business’s needs.
Elimination of the Middleman: Because traditional money lending institutions require hours of paperwork and signatures, many people avoid them. In this modern world, where everything is fast and rapid, these institutions are undergoing huge rejection. In contrast to this, Biz Advance Now offers direct deals to secure business loans by eliminating the middleman.
24/7 Customer Support: Customer support for any company is the most noticeable and important thing to the general public. In times of confusion or emergency, 24/7 customer service is the best way to get out of any situation. As a result, Biz Advance Now offers full 24/7 customer support to assist their customers in any situation.
Invites all Business Ventures: Biz Advance Now believes in supporting every kind of business venture, such as advertising companies, movie production houses, IT companies, and even transport companies. For this reason, they offer financial development loans to all kinds of small businesses.
Loan terms: by lending larger financial loans, institutions fix a shorter tenure for repayment, which results in a huge burden for customers. Biz Advance Now, on the other hand, offers loan terms of up to 36 months, providing ample time for repayment.
Local UK Support: Since Biz Advance Now is an unsecured business loans UK based company, many UK small businesses can expect some local support. In addition, it also offers the best rates and business loan deals in the UK.
Apart from this, they have assisted over 6,000 businesses in obtaining the loans they require to grow their businesses. Biz Advance Now is the best financial loan provider for growing any business.