In cases when a merchant requires higher loan amounts and longer pay back periods Eschelon has a small business loan option available. We provide funding of up to $2.5 million to help companies buy equipment, build or renovate buildings, hire new employees, or just pay for an unexpected expense. Many small businesses don’t fit into the traditional small business loan model or do not qualifiy for the rigid requirements that the major financial institutions require. Eschelon provides an alternative to fund your business with loans from $50,000 up to $2.5 million. Our closing times are 14-21 days and do not require collateral. Unlike our merchant cash advance product, the small business loan is calculated using your gross sales not your credit card receivables. There is also a fixed repayment period based on your cash flow, rather than relying on your future credit card sales.
Benefits of Our Small Business Loan vs. a Traditional Bank Business Loan
Quick Approvals & Funding
Higher approval rates than bank loans
Based on cash flow not credit rating
Streamlined application process with minimal paperwork
Reduced documentation requirements
Fair and affordable repayment terms and fees
Easy renewal terms
No collateral required
