Personal Money Service, one of the American-based online lending companies, has launched new types of business loans this December
SAN BRUNO, CA - 12/05/2016 (PRESS RELEASE JET)
Starting out a new business creates many issues, primarily regarding your financing. So, if you consider that frequent bank visits are daunting and usually unsuccessful business, it’s time for making wiser decisions and choosing modern financing options. Since most of Personal Money Service customers remain to be business owners looking for sources of capital and extra funding, the company has made a crucial update in service’s range. It has recently launched several more credit options of business loans, which include a business revolving line of credit, working capital financing, retail business loans, unsecured business loans and business term loans.
To clarify things out, there is a small overview of each new service individually:
The business revolving line of credit. This special type of revolving credit for unspecified time period requires from customer periodical payments of some part of a loan. After repayment, you can basically use the loan again, which somehow resembles credit card operations. Benefits of the small business line of credit: no obligation for specific monthly payments; possibility to utilize credit limit for as many times as it’s necessary, as soon as it does not exceed the maximum point.
Working capital financing. Any business could use funds from the working capital financing to cover their daily expenses as well as other investments and possible business expansion. This is a perfect option for recently launched firms until their profits would be high enough to finance costs on their own. The great advantage about Personal Money Service capital financing over the same one taken from a bank lies in higher chances of getting accepted and hassle-free application process.
Retail business loans. The retail business loan would give you necessary funding to cover your financial needs related to making your retail business demanded, up to date and competitive in the market. Personal Money Service promises to help you with retail business loans on better terms than banks. Besides, the company is more flexible in accepting requests from customers with lower credit history.
Unsecured business loans. Everyone knows that traditional banks require collateral for each business loan to feel secured that you’ll finish the payment. For those, who don’t want to risk their collateral or they simply don’t have one, applying unsecured business loan is the best choice. Furthermore, the another perk of is that the borrower is only charged that amount of interest based on the borrowed amount.
Business term loans. As a standard commercial loan, business term plan requires long-term financing up to 10 years, for various business purposes that for equipment purchases, business expansion or debt consolidation. At Personal Money Service you have an option of weekly or daily payments, besides your interest rate will be lower than the one from short-term loans and the amount of loan will vary from $5,000 to $250,000.
According to Personal Money Service representatives, “Working with the company creates better and wider opportunities for business development and prosperity. We have ensured each of our clients receives a professional consultancy regarding his reasons for taking the desirable loans before he actually gets one. We’re doing that because we have to make sure the customer chose the right type of business or personal loan and will get benefits from its usage rather than even more issues. In case we realize he made the wrong choice, we will offer alternative ways for their problem’s solution.”
Personal Money Service company specializes itself in connecting people who look for financial support for different reasons and borrowers ready to help them out. The range of services is wide: it may help everyone with finding the best loans and deals from reliable and reputable lenders specializing in both personal and business loans, as well as provide a professional consultancy on debt consolidation, car insurances, mortgages etc. The company has previously had a wide experience in providing loans for businesses. For a long time, they have been offering (and still do) such credits, like small business loans, short-term business loans, merchant cash advance loans, a business line of credit, unsecured business loans and even business loans for women.
If you are interested in one of those, visit their website.
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