Demand for Unsecured Business Loans is Skyrocketing: how SMBs are Taking Advantage
Current research suggests that around 29% of small businesses fail due to running out of capital necessary to maintain operations and sustain their business. In today’s hypercompetitive landscape, business moves at the speed of capital, and when companies are unable to get access, the pieces begin to fall apart. Yet each year over 43% of small businesses apply for a loan, with many facing challenges that end up in denials from banks and traditional financing solutions.
As a leader in the unsecured business loan industry, JJJ Consultants Group has helped countless SMBs get the financing they need to operate like a well-oiled machine and grow and prosper for years to come.
Unsecured Loans Offer Hope When Traditional Lenders Fail
Up to 80% of traditional small business loans are denied for a myriad of reasons. Bad business or personal credit, no credit, lack of assets and more are hurdles many small business owners face when applying for mission-critical financing they need to keep in business.
When traditional financing fails and banks show clients the door, unsecured loans may offer hope. According to JJJ Consultants Group, not only are loan applications through them free, but they also don’t require the business owner to make a personal guarantee, have good credit or collateral. With over $6 million loaned to small businesses every month, JJJ Consultants Group has a strong track record of coming through for it’s clients.
The Benefits of Unsecured Loans
From aspiring entrepreneurs and mom and pop business owners, to budding businesses looking to expand operations, purchase inventory, or upgrade offices, business loans are an oft-sought after financing tool to cover necessary expenses. Traditional loan approvals focus on collateral, personal guarantees and credit, but unsecured loans work differently, offering certain benefits and opportunity for financing when secured loans would have been denied.
Unsecured – no collateral required
As the name aptly suggests, these loans are ‘unsecured’, meaning that there is less risk for the applicant, and that their personal and business assets are not tied to the loan as collateral in case of default.
Fast and Efficient Process
Traditional loan application processes are riddled with red tape, lengthy questionnaires, and require detailed personal and business information. The loan process is a lengthy one, often taking months for approval and distribution of needed funds. By contrast, unsecured loans through JJJ Consultants Group often result in approved small businesses receiving funds ‘same day’, providing them with the resources needed to continue operations without skipping a beat.
High Approval Rate
Since 2011, JJJ Consultants Group has worked tirelessly to develop key relationships with lending institutions and financers, focusing on helping small businesses get access to critical funds fast. They have a long and documented track record of high approval rates for clients, having helped thousands of SMBs throughout it’s years of service.
About JJJ Consultants Group
Founded in 2011, JJJ Consultants Group is a leading and trusted source of working capital for small businesses. Known for innovation, efficiency and service, the company has developed a lengthy track record of helping small businesses thrive and prosper in today’s competitive market. By focusing approval criteria on business performance, not assets or credit, they have been able to get thousands of businesses funded.
Those interested in learning more about the company or in applying for an unsecured small business loan are encouraged to reach out via it’s official website or by calling 603-660-3355.
Company Name: JJJ Consultants Group
Contact Person: James McTiernan
Email: Send Email
Address:100 Adeline St
Country: United States