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No Credit Check, Clothing Retail Stores and Shops, Easy Financing, Short Term Business Loans, Working Capital Financing Up To $50,000

By: J.M Luna

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No credit check finance programs for clothing retail stores and shops are accessible with easy qualify short term small business loans and working capital financing up to $50,000. This gives the established retail store and shop small businesses a great likelihood to take short working capital for their business without a personal credit check. This no credit check short term small business loan program isn’t a merchant cash advance or merchant loan. Additionally, it isn’t related to the payday loan program.

This no credit check short term clothing retail store and shop small business loan program is constructed in the following style. The small business applicant should follow the below guidelines:

1) Maintain at least a $4,000 ending bank balance in their clothing retail store business account
2) Deposit at least 10-15 times per month in their business account
3) Be in the clothing retail store business at one year and establish the ability to repay back the loan
4) Have no outstanding large tax liens, delinquent child support issues, not currently in bankruptcy or foreclosure

Documentation Requirements

1) Signed and dated application
2) Provide a photocopy of the detailed retail store business bank statements for the last four months
3) Copy of the Owners Drivers Licenses
4) A copy of the Articles of Incorporation if Applicable
5) Photocopy of a business license, tax id number or any other relevant license

The bank will lend up to 2.5 x the average ending balance on the retail shop business bank account for the last four months up to $50,000. These are business loans and the length of the loan is four months which can be renewed. The loan can replace a merchant cash advance if it doesn’t surpass 40% of the qualified borrowing base. At funding, thelenderwill pay off the merchant cash advance or loan and pay you the difference.

Example, your monthly average ending balance in your clothing store business bank account is $20,000 for four months. Your borrowing base would be $20,000 x 2.5 or $50,000. If your current cash merchant advance is $18,000, thefinancial institutionat funding would payoff the merchant first and remit to you the difference for $32,000. Apparently if you didn’t have an outstanding merchant cash advance, this area wouldn’t apply.

The types of businesses that would be enormous for this type of loan would be the following:

Gas stations, restaurants, bars, discos, tanning salons, pizza shops, dry cleaners, doctors, dentists, physicians, lawyers, accountants, Cpas, limousine owners, automobile service centers and body repair shops, dog groomers, florists, beauty and nail shops, distributors, all different types of service providers.

In conclusion, this is a huge opportunity to take short term clothing retail stores and shops small business loan lending in this hard economy. This isn’t a merchant cash advance or loan program which can be quite tedious in its paperwork and processor work requirements . This fantastic business loan program isn’t credit driven, for that reason your Fico Score isn’t an issue.. These small business loans can be renewed every four months if needed by the applicant and gives the business a working capital injection.

Happy hunting for your clothing retail store and shop short term small business loan and its associated working capital financing.

Article Source: http://depositarticles.com/

J.M Luna has over thirty years in the financial field. This includes financing, leasing, business loans and hard asset money lending. U.S Corporate Capital Leasing Group assists the start up and seasoned businesses forl clothing retail stores and shops for all its financing needs. www.cclgequipmentleasing.com www.cclgequipmentleasing.com/cashadvances.htm

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