Question 1

Will checking my options affect my credit score?

Accepted Answer

No. Reviewing your funding options is a soft inquiry and has no impact on your credit score. A hard pull only happens if you accept an offer that requires one.

Question 2

How quickly can I receive funding?

Accepted Answer

Most approved businesses are funded within 24 to 48 hours. SBA loans take longer, typically 7 to 45 days depending on the program.

Question 3

What documents do I need to apply?

Accepted Answer

A completed application and your last four months of business bank statements are enough to start. Larger requests may require tax returns or financial statements.

Question 4

Do I need collateral?

Accepted Answer

Many of our programs are unsecured. Equipment financing and SBA loans may be secured by the asset being financed or by standard collateral requirements.

Question 5

Can startups qualify for funding?

Accepted Answer

We generally look for at least six months in business with consistent deposits. Newer businesses may still qualify for equipment financing or card split programs.

Question 6

Is there a minimum credit score required?

Accepted Answer

Approvals start around a 550 FICO. Stronger revenue and deposit history can offset a lower score.

Question 7

How much funding can I qualify for?

Accepted Answer

Most businesses qualify for 50% to 150% of their average monthly revenue, with programs ranging from $5,000 to $10,000,000.

Question 8

Can I have existing financing and still qualify?

Accepted Answer

Yes. We regularly work with businesses that have existing positions and can structure a consolidation or an add-on facility.

Frequently Asked Questions

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