Business Loans in NJ: JSV Capital vs. Traditional Lenders

by Jason Venturelli
jsv capital loans

When you are a small business owner, it is in your best interest to compare business loans before deciding on a single one. There are numerous forms of financing available and certain ones will work better for your business. All loans are different, so make sure to consider what JSV Capital can offer compared to more traditional lenders before deciding which route you need to take.

How to Get Started

If you were to pursue a traditional loan, then you need to start building up your company’s reputation before you even need the money. First, you need to be certain your personal and your company’s credit rating is as high as possible. Many businesses struggle with this first part because they have not set up a working capital loan. You should obtain a company credit card for your business before opening and make timely payments.

This credit card will typically need to be acquired from the lender you hope to work with in the future. Building a working relationship with a lender is vital because a firm foundation of trust is required to obtain financing. If a lender does not have any previous knowledge of your company, then you are going to face an uphill battle trying to secure funding.

jsv capital loans

Photo by Pickawood 

How JSV Capital is Different

It requires a lot of time and concerted effort to get working capital loans for small businesses from other lenders. With JSV Capital, you do not have to worry about building any kind of previous working relationship. The application process is fast, and you will know whether you were approved or not in 24 hours. With other lenders, you may have to wait weeks only to hear you were denied. We do not leave you in the dark like that.

The Application Process

You need to make sure you dot your i’s and cross your t’s when you are filling out the paperwork for a traditional loan. In addition to the long application itself, there are numerous other documents you need to provide, including:

  • Personal resume
  • Tax returns
  • Copy of lease agreement
  • Business certificates
  • Bank statements from up to a year ago
  • Franchise agreements
  • Ownership structure

 There may be many documents you need to provide based on the type of loan you are trying to acquire. If anything is left out or if something is incomplete, then your business can get inconvenienced even further. It can take weeks to hear that you need to submit something else. Therefore, it takes even longer for your loan to get approved or denied.

Before applying, ensure you are going to the right lender by being knowledgeable regarding the following.

  • Are there hidden fees?
  • Always ask about prepayment penalties. Being a small business owner, it helps if you can pay your loan off early. Ask if there are any penalties or discounts for early payoff.
  • Know your personal and business credit score before wasting your time on different lenders. Not all lenders will take bad credit. This will help you narrow your search. If you find yourself with bad credit, you might want to search for other lenders who can help you.

How JSV Capital Funding Compares 

Our goal is never to confuse you as you are applying. You can check out the application form, which is only one page long. The only documents you will need to send are bank statements from the previous three months.

Payment Plans

Small businesses require loans for a variety of reasons. No matter what it is going to be used for, you need to be certain you pay it back in a timely fashion. You can set up a payment plan with other vendors, but a problem a lot of business owners contend with is paying it back quickly.

The longer it takes to pay back a loan, the more interest rate will need to be paid. Unfortunately, many banks and other traditional lenders require business owners to pay back the loan between five to ten years. This may sound nice, but it can be difficult if you want to avoid long-term monthly payments.

A lot of online lenders have a similar process, but even with them, business owners have to pay it back over a period ranging between six and 18 months. In fact, many traditional lenders take this practice a step further and enforce a prepayment penalty. That means if you try to pay back your loan too soon, then you have a fee to pay off in addition to the loan and interest rate.

Short-Term Program

We understand that sometimes a business needs a quick infusion of cash. This quick boost should not inconvenience you for years to come, which is why you can choose a three to 36-month term. We are dedicated to working however you need us.

That means if you need more money to make payroll and can pay us back in a few months, we are willing to work with you. However, if you have a long-term project on the horizon and will need a lot of financing for the near future, then we will work with you there, too. This is like your working capital line of credit you can use any way you wish.  JSV Capital’s program is a true loan to be used for your working capital solutions.


Generally, there are two types of loans most lenders offer. These are secured and unsecured. For a secured loan, the business needs to put up something of value. Therefore, if the person defaults on the payment plan, then the lender acquires the property put up as collateral. This typically needs to be a vehicle, equipment or building,

Unsecured loans do not require any collateral. As a result, the lender faces a significant amount more risk. As a result, many lenders tend to avoid unsecured loans when possible.

Unsecured Loan of Choice

Since secured loans are much safer for lenders, they are more common. For businesses lacking sufficient collateral to put up, it can be tough to find financing. Luckily, JSV Capital only deals with unsecured funding, which means you will not have to put up items as collateral when you secure financing with us.

How to Use Your Loan

Some traditional lenders will want to know, in detail, what you will be using your business loan for. Some lenders are more lenient than others. Other lenders will have strict restrictions on what it can be used for. In many cases, your loan needs to be for a sound business purpose as defined by the Small Business Administration. This can get fairly objective, making it more difficult to qualify for the funds you need.

How to Use a Working Capital Loan

You can use your loan to help grow and sustain your business. A few of the items our previous clients have used their loans for in the past include:

  • Covering payroll when there is a cash flow gap
  • Purchasing materials and supplies when funds run short
  • Using funds as a bridge loan
  • Boosting revenue through additional advertising

This list is only a small sampling of what you can use your financing for. With other lenders, you need to read the agreement carefully to ensure you are not spending the funding on something you are not supposed to.

Building Relationships with Business Owners

JSV Capital is dedicated to building real relationships with small business owners, and we want to help you. You can start the application process today. As long as your company has been around for at least a year, makes a minimum of 10k in revenue monthly, we should be able to provide you with the financing you are looking for.

Main photo by Towfiqu barbhuiya 

About the Author/s

Jason is the CEO of JSV Capital and a native of New Jersey.

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1 comment

Guaranteed business funding May 17, 2022 - 9:19 am

We recognize that small businesses are the driving force to grow our economy. In good times, as well as the challenging times, business owners need a fast cash flow solution to make payroll, purchase new equipment, expand inventory, pay taxes, etc. Fact is, our lenders don’t care what you use the funds for, as long as it helps grow your business and increase your revenue!
If your company was turned down by traditional lending sources, such as banks and other commercial lending institutions, Guaranteed Business Funding can help. Let us take all of the leg work out of the search and find the best type of loan and let you focus on what you do best. We bring you choices and you decide which loan option best suits your needs. We will also work on your behalf to get the best rate and term possible. Alternative lenders rely on Guaranteed Business Funding to bring them quality business owners in need of capital.


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