Frequently Asked Questions (and Answers…)
What type of financing do you offer?
The lenders we work with offer business term loans and lines of credit. Based upon your application we will evaluate which one best fits your business’ credit profile and needs.
What are your loan amounts and terms?
Loans and line of credit amounts and terms can range from $5,000 – $250,000 over 3 – 24 month terms.
Since most lines of credit are revolving, as you pay down your balance, your available funds increase.
How does the application process work?
The application process is simple and typically takes about 10-15 minutes. You can apply online or over the phone by calling (888) 531-1571.
What information do I need to apply?
Typically, we only require basic information about yourself and your business. Depending on your loan amount, we may also ask for:
- Business Tax ID
- General information about your business
- Description of the use and allocation of the funding you receive
- Social Security number of business owner(s)
- Driver’s license number and state of issue
How do I qualify for financing?
To qualify for one of the many financing alternatives, your situation is determined on the following characteristics:
- Personal income
- How many years in business or if you’re a startup
- FICO score of the business owner
- Amount of financing
How quickly can I receive funding?
Funding can be completed as quickly as 3-5 business days.
Is there any obligation to apply?
No, there is no obligation.
How does repayment work?
Depending upon the type of funding you receive, repayments can made as a fixed payment from your business bank account on a daily, weekly, or monthly basis, based upon the product you are approved for. These fixed payments help ensure minimal impact to your cash flow and are proven to prevent the snowball effect often caused by missing larger monthly payments.
Is this financing an unsecured loan?
The funding solutions that are offered may vary with some of them being secured, while many others being unsecured. However, in the case where the loan or line of credit is secured, the participating lenders do not require any specific amount, type or value of collateral and no appraisal or specific assets are required.
How is this financing different from other lenders?
We offer funding programs that are faster than a bank, and better than a merchant cash advance. Unlike banks, funding approval for your business can be delivered in minutes and we value your overall business performance – not just your personal credit score. And unlike merchant cash advances, the funding programs are designed to build your business credit and deduct fixed daily, weekly, or monthly payments, rather than a batch percentage of your sales.
What industries do you work with?
We work with most kinds of businesses in all 50 U.S. states, including restaurants, retailers, auto repair shops, healthcare professionals, HVAC contractors and many other service providers.
What are your rates and fees?
Rates and fees are determined based upon your specific financing scenario. Depending upon your business needs, the amount of capital, repayment terms, and credit score, the rates and fees of the financing will vary. Rest assured, our financing solutions are just as competitive as any other alternative financing source in the market.
Its up to you now to take the next step for your business!
Apply Here or Call 888-531-1571