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08-31-2020, 09:58 AM #1
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- Aug 2020
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What're the Qualifying Requirements for E-Commerce Business Loans?
In my search for the 'best' lenders for an online business, I've noticed there are sometimes big differences in the qualifying criteria from one lender to the next.
Some require a certain amount of time of operating history, others don't.
Some require a couple thousand in revenue per month, others require more.
Some ask for collateral, others are unsecured.
I'm wondering if anybody can shed some light on what the 'normal' or 'average' qualifying criteria are for lenders offering funding to e-commerce businesses.
Thanks in advance!
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09-06-2020, 07:16 AM #2
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- Aug 2020
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- 6
Still wondering what others have to say in response to my question above...
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09-06-2020, 07:24 AM #3
- Join Date
- Aug 2020
- Posts
- 18
Hey Jeremy - you can potentially qualify for e-commerce business loans through Become's funding partners if you've got at least 6 months TIB and roughly $10k average monthly revenue.
Ultimately, your ability to qualify with our funding partners will rely on your business's overall financial health & stability, which we assess quickly and accurately with the power of our technology.
Hope this answers your question! You can apply through Become's marketplace here (though it sounds like you've already done so...)
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