Imagine you've signed a contract, but the payment won't arrive for another 90 days.

At the same time, your business needs to start producing right away, so you don't miss the opportunity.

In this situation, most CEOs turn to banks for a loan.

❗️ The problem is that banks take their time. Reviewing and approving a loan application can easily take 60–90 days. On top of that, they'll usually require collateral worth 150–200% of the loan amount.

So what's the point of taking out a loan if your payment from the signed contract will arrive around the same time? And even after all that, the bank can still reject your application.

Big banks now approve fewer than 30% of small business loan applications under $250K — meaning more than 7 in 10 small business owners walk away rejected (Source).

🚩 This is where 8lends comes in.

We don't lend to businesses that don't know what they're doing. We work with experienced businesses that don't want to deal with banks.

✅ We audit the business, evaluate the collateral, and move much faster than traditional lenders.

That's why SMEs choose 8lends.