FAQs

Frequently Asked Questions

Q?

How do I qualify and is it easy to get approved?

A.

Our approval rate for business capital is over 95%! No collateral, no business plan, and less than perfect credit is ok. As long as you have a credit score of 600 and above, been in business for one year, and provide us with your last 4 months of bank and credit card statements, you have a great chance of getting approved.

Q?

What is the main qualification criteria used?

A.

You would think it would be your credit score, but it's not. The lending parameters are mostly based on your business bank account, including the account balance you keep from month-to-month, how healthy your account is in terms of negative balances, and the volume of credit card sales that you take in each month. There are other factors as well, but these are a few of the main ones.

Q?

How do your business capital programs work?

A.

We have several different options we can apply on your behalf for. Our most popular options being business loans and merchant cash advances, which are based on your monthly cash flow and credit card sales volume respectively. You can receive $15,000 to $2,000,000 in funding, depending on your needs and your annual sales volume. After approval and funding, you simply pay it back through a small percentage of your future sales taken out automatically each business day. This provides you with the flexibility that if you have a slow day, week, or month in your business, you'll know the amount being taken out will always be adjusted based on what you earn and won't be a fixed amount you could possibly no longer afford.

Q?

What fees will I be paying?

A.

The fees vary depending on the type of programs you are approved for. Therefore, once we get approval on your behalf, we thoroughly explain all fees in detail so you can make a good decision for your business. In some cases an upfront application processing fee is required as well, but is usually no more than $75.00.

Q?

What if I have bad credit?

A.

The business capital programs we have access to are not based solely on your credit profile. They are usually based on the last 4 months of bank and credit card statements you provide, as long as your credit score is above 600. So less than perfect credit is usually a problem that can be overcome.

Q?

How fast will I receive the funds?

A.

After getting approval, you can receive funds in as few as 24-72 hours or as long as 7-10 days. It all depends on how quickly you sign and return the paperwork required to accept and fund the business capital program you are approved for. From there, funds can be deposited directly to your business checking account.

Q?

How do I pay it back?

A.

This depends on the business capital program you get approved for, which we will discuss with you after approval. However, most programs are payed back through a small percentage of your future sales taken out automatically each business day. This provides you with the flexibility that if you have a slow day, week, or month in your business, you'll know the amount being taken out will always be adjusted based on what you earn and won't be a fixed amount you could possibly no longer afford.

Q?

How long is the application process?

A.

The application process only takes 15-30 minutes to complete and normally between 24-72 hours for an answer on approval to be received back.

Q?

How likely is it that I can get approved?

A.

We can't guarantee anything, but more than 95% of applicants for business capital are approved for one of our programs. If we can't get you approved, we will work with you to help you fix the variables needed to be approved.

Q?

Do I have to switch my current processor or get a new terminal?

A.

It all depends on the lender and program you get approved for. Some do require that you switch from your current merchant processor and get a new terminal.

Q?

Who can I call if I have any questions?

A.

Call one of our business capital specialists at 1-440-847-9448. For your convenience, we are available Monday through Friday from 8 am to 6 pm EST to assist you.

Q?

How do I get started?

A.

Click here to apply now.