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THE 5 BIGGEST BENEFITS OF SMALL BUSINESS EXPRESS LOANS
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Updated on April 15, 2023

How to Get a Business Loan for Your Laundromat in 5 Steps

Funding your small business is essential for growth and maintaining a profit. No matter if you are an expert in saving, or just getting started, a small business loan might be in your favor.

Here are some of the reasons we feel that loans can be beneficial to you and your business:

  • Low-Interest Rates

Interest rates are always a fear factor when seeking financing options. The lower, the better, right? Although dependent on creditworthiness and specified qualifications, interest rates on small business loans are as low as you can get. More often than not, the rates remain in a low range between 9 and 11 percent. With REIL Capital, SBA loans stay closer to the 6.50-8.75% range.

  • Simplified Process

Dealing with a traditional bank can not only be time-consuming but also complicated. At REIL, we make the process simple and transparent. With less documentation needed upfront, you’ll undergo a much smoother process while working alongside a representative. After filling out an instant online application, you and your representative will explain all that needs to be done for you to obtain the best, fastest loans you need. We’ll also help you decide if a Small Business Administration loan is right for you by going over several other funding options and helping you decide which one will best meet your needs.

  • Access to Capital

One of the greatest benefits of Small Business Express Loans is the amount of capital available. With an anticipated amount of $30,000-$5,000,000, after qualifying, you will be on your way to funding your business and feeling confident in the working capital you have accessible. Working with us helps to ensure a positive ROI and a method to scale.

  • Time

The turnaround time for working capital is unbeatable with this type of loan. While this does not provide instant funding, we can ensure that the process goes as quickly as possible. In about a month, with REIL Capital, your business will have the funding it needs to continue growing and scaling.

  • Payment Ease

With affordable monthly payments, lower interest rates, and longer payment terms, these loans are a great option for a wide variety of businesses. The funding may not be instantaneous, but it sure does beat going through a traditional bank. Plus, as a family-owned business, you know you, your business, and your capital are in good hands. Work with whom you trust. Who better to trust than family?

Head to our free, 3-minute application, and we’ll set you up with the best representative for you.

* Rates shown reflect an average fixed monthly percentage. Rates may vary by state and lender criteria. We do not perform a hard credit pull at any point in our approval process. Decision and funding time are subject to applicant’s submission of all requested approval and closing documents. Same day funding is contingent on applicant qualifications. By supplying us with your information, you authorize Mission Capital LLC dba REIL Capital and REIL Capital LLC to contact you at the numbers you provide (including mobile) during any step of this application, via phone (including automated telephone dialing systems, prerecorded, SMS and MMS means) even if you are on a Do Not Call Registry. You are not required to agree to be contacted in this manner to apply with Mission Capital LLC dba REIL Capital and REIL Capital LLC.
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