Same Day Loans - Need It Now - Get It Now

Life in 21st century is very uncertain. You may need money urgently for any of your needs like medical urgencies, repairing of car etc. Same day loans are perfect solution for this problem. Money is transferred to the borrower's account within 24 hours of application.
To avail this loan one must have a regular source of income. It can be availed by people having bad credit history also.

ABOUT SAME DAY LOANS

Same day loans are offered to people who are having a regular source of income and need money urgently. Same day loans are short term loan that can availed by both good credit holders and bad credit holders. Same day loans are specially designed to meet your very urgent needs like medical urgencies, car repairs, household purchases etc. You don't need to place any security against the loan amount but you have to show your income proof of last three months, bank details and repayment ability. Also you must have a checking bank account to avail same day loans. Same day loans are short term loans offered for a short period of time ranging from 15 -30 days. Also the loan amount offered is less that is about £1000 at max. Same day loans are approved in no time and within 24hrs of your loan application the amount is transferred to your checking account. As same day loans are unsecured in nature and short term loans, the interest rate is high compared to other loans ranging from 9 -20 % APR. You can repay the loan amount in two forms, either by automatic deduction from your account or by drawing a cheque in favor of the lender.

BENEFITS OF SAME DAY LOANS

Same day payday loans are beneficial in many ways. The loan amount is transferred to your bank account within 24 hrs of your loan application. You can avail same day loan via Internet also. Online availability of same day loan means a person can apply for a loan round the clock. Also the process is much faster and less time consuming. One doesn't require placing any security to avail same day loans.

SAME DAY LOANS: APPLICATION

You can apply for a same day loan by visiting lenders in person but that'll consume a lot of time, instead if you apply through Internet it'll take less time and your loan will be approved in very quickly. With a good research you can get a same day loan at reasonable interest rate.

Article Source: http://EzineArticles.com/596508

How You Can Still Get a Loan For Business Even If the Bank Said No

As the economic times worsen, it is becoming more and more difficult to get a loan for business. Most businesses would use their primary lifeline, the bank, in times before this opportunity was all but closed because of highly constrictive underwriting and more difficult approval standards. As all these things changed with the bank, many businesses suffered negative credit ratings caused by the trade and industry crunch.

When these business owners failed to get a loan for business, they had only a few options other than things like borrowing from those close to them. Some took out equity loans out on their home, but many were forced to accept merchant cash advances from their credit card processing company.

These advances are unfettered and not real business loans. Legally they are "cash advances" which allows the provider to charge any kind of magnified interest they wish. These rates are also may be subject to change at any point during your repayment period on this advance. It is common for these advances for businesses to carry an effective rate of interest of over 50%.

These merchant providers will charge large upfront fees as part of the contract for you to receive funds. These merchants will also demand you switch credit card terminals and service providers. These advances are advertised as "non-credit based" and "unsecured", it is relevant to know that regardless of these facts they do many times file a UCC or uniform commercial code lien against the applying business.

What that means is if you are to ever sell your business while this is in place, the advance providing company will have legal rights to the proceeds of that sale before the business owner will receive any payment.

There is now a much better way to get a loan for business and get some capital soon, even if you have poor credit. That new type of loan is called a CCRF or credit card receivable financing and is characterized by:

·                 These interest rates are 50-80% LOWER (on average) than merchant cash advances.

·                 You will not have to switch credit processors for your cards.

·                 No need to get new terminals installed.

·                 No fees upfront.

·                 Owner score can be as low as 550

·                 You can get a maximum loan of up to $500,000

·                 This is a regulated loan for your business that builds good credit and is subjected to state       regulation over maximum interest rates.

·                 Get approved within 48 hours and Funded in 7 days.

Today's environment for business is difficult. Businesses now have a cost-effective way to get a business loan even if they are suffering under the dual burdens of lower customer traffic and less working capital options.