BRENTWOOD, Calif./ACCESSWIRE/March 29, 2022/ Getting a business loan can be a long and complex process. SBA loans, in particular, have been known to take a few months, which can be a big deal for a business owner who needs the money ASAP.
For borrowers, the most frustrating part of the process is a mix of anxiety about qualifying for a loan and actually disbursing the capital requested.
In the opinion of Anthony Segovia, CEO of Brentwood lending company LendOne, the biggest challenges facing business owners are related to time rather than money, which makes the process of getting of a business loan all the more frustrating.
“The future of finance is changing every day – you have to be able to adapt,” says Segovia. For LendOne, this means anticipating borrowers’ needs and streamlining the borrowing process, allowing borrowers to access money much sooner through an automated process.
The typical SBA loan process involves a lot of paperwork, with the borrower submitting a large amount of documents that often take lenders weeks or months to even review to determine if they are eligible to receive the loan or not.
LendOne’s process is simple: potential borrowers submit the necessary documents, and the LendOne system automatically scans them, assigning a score from 0 to 100. The higher the score, the more likely they are to receive the requested loan. This automated service completes the process in seconds rather than months, and it means borrowers can receive funding in as little as 24 hours after application.
This is all part of LendOne’s business plan; the company strives to stay ahead of the competition to keep business owners happy and able to focus on business operations rather than tedious paperwork and worrying about where to go they will be able to access the capital they need to get things done.
“You have to adapt to the markets and stay on top of what your competitors are doing or not doing,” explains Anthony Segovia. Just as any business must stand out from the crowd to be successful, LendOne must stand out in a sea of other lenders and consultants.
According to Segovia, the main advantage of LendOne is the speed and efficiency with which they handle every customer interaction, in addition to excellent customer service. Although the loan eligibility process is automated, customer service inquiries are not, which means that every customer who has questions about the loan process can speak to an agent who knows the process, which gives him peace of mind about the terms of the loan and anything he may have questions about.
LendOne doesn’t just offer SBA loans – they’re approved by a host of lenders and handle cash advance loans, lines of credit, invoice financing, start-up loans and more.
For business owners who are hesitant to take the plunge into taking out a loan, Anthony Segovia would like you to know that working with an experienced loan consultant can help you secure a loan that works with you and your business – with interest rates and fees that make the most sense for your specific situation.
LendOne advises that before beginning the loan underwriting process, borrowers have a good idea of their current personal credit rating and their business credit status. You’ll have a much harder time finding a willing lender if you have a bad personal credit score or if your business has a lot of unpaid debts or unpaid bills, but don’t panic.
Working with a consultant can mean the difference between getting a loan and having to go without, since loan consultants have established relationships with lenders that can allow them to offer some leniency. They will also most likely be able to connect you with a loan that focuses on factors other than your credit score.
Whatever your business needs, credit score and personal circumstances, there are lenders who will be willing to work with you. It’s just a matter of finding the right consultant – services like LendOne can connect you with the right lender in seconds, eliminating the months of guesswork typical of most business loans.
For more information, to visit lendone.netfollow the rest Facebook and instagramor contact Anthony Segovia at [email protected].
THE SOURCE: Lend One
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