Personal Loans

Party stores are typically open year-round.  They supply piñatas, party hats and horns for your child’s birthday party, invitations and balloons for your parents’ anniversary party and streamers and games for the “I just want to have a party” party.  Still, it is very likely that most party stores do most of their business during the summer (graduation time) and early autumn (Halloween).  These types of businesses may be open all year long, but in the eyes of most lenders, they are considered seasonal businesses, because their sales increase during a certain time of year.

So can these “seasonal” businesses get unsecured business loans?  The answer is yes.  These seasonal businesses may still qualify to receive up to $500,000 in business cash when they apply for unsecured business loans.  However, rather than submitting only four months of merchant statements, they will be required to submit 12 months of merchant statements.  This way, providers will be able to review one year’s worth of credit card processing, reviewing both the high and low seasons.

Other seasonal businesses may also qualify for unsecured business loans.  These can include ice cream parlors, swimsuit shops and even gardening stores.

To apply for an unsecured business loan,  a seasonal business owner must simply complete a two-page application and submit the last 12 months of merchant statements along with a copy of his/her driver’s license, a copy of the business lease and a voided business check.

The information will be reviewed within 48 hours.  Once approved, providers can fund accounts in as little as five business days.

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Chrystal King writes articles about Unsecured Business Loans for Merchant Resources International.

Article Source:http://www.articlesbase.com/loans-articles/can-a-halloween-store-get-an-unsecured-business-loan-1313141.html