- Making payroll
- Paying taxes
- Ordering additional inventory
- Expanding businesses
- Meeting regular expenses while awaiting invoices and accounts receivable to be paid in full
Chapes-JPL understands the intricacies that come with running a successful business today. In most cases, few restrictions come with how clients can utilize the money obtained through the short term financing options available to them.
In today’s competitive lending industry, banks and credit unions continue to employ strict criteria for approving loan applicants. These criteria come in response to the recent economic downturn. Many business owners needing financing are reluctant to approach traditional financiers because they fear being turned down for money that they need today.
However, Chapes-JPL aims to make the lending process easier and less worrisome for both their new and existing customers. Financing is based on the value of a person’s collateral rather than his or her credit score and credit history. In fact, Chapes-JPL does not utilize a formal application process, but rather gauges how much to lend a person based on the type of collateral this person is using to back the loan. No credit check is required for applicants, and they can typically find out in a matter of minutes if they are approved and if so, for how much money.
Moreover, small business owners who come to Chapes-JPL for financing are encouraged to use a variety of items for collateral. Some of the more common things of value used for securing a loan include:
- Other precious metals
- Platinum bars
- Valuable coins
- Fine watches
- Designer luggage
- Designer handbags
- Luxury automobiles
- Luxury boats
- Fine art
The value of these goods will determine how much money a client can be approved for today. After the first loan is paid in full, these goods can also be used again to secure future financing as needed.
For short term collateral loans Chapes-JPL is more affordable than a traditional pawn shop and strives to prove the lowest rates in the industry. Chapes-JPL understands how important it is for people to feel like they can trust their lender from the start. Which is why the transaction is conducted within their private offices and all collateral is kept secure in bank vaults.
Many business owners find the process so simple at Chapes-JPL’s that they use this loan option as a continuous source of cash. Similar to a revolving line of credit using the assets acquired when business is good. This established loan option gives business owners the money they need on the day they need it, without waiting weeks or months for bank approvals.
Small business owners remain some of the most challenging clients for banks, credit unions, and traditional lenders to approve for loans. When small business owners in the Atlanta area want to avoid the continued stringent lending process laid out by these institutions, they can secure short term financing through Chapes-JPL on assets they already own. This Atlanta short term lender has been in business for over 35 years and comtinues to help business owners with their financing needs.