Business Funding, Unsecured Loans & Emergency Loans FAQ

We can usually offer up to 1.2X of your monthly gross revenue as shown in your company’s bank statements. Basically if you receive deposits for $100,000 dollars per month in quallified income, you could qualify up to $120,000 dollars.

We can usually get money into your bank account in 24-48 hours, at the latest 7-10 days. Ultimately, all of our funding timelines ultimately rely on you. How efficiently we can submit the required paperwork/signatures and how responsive you are will determine how fast we can get you the money your company needs.  The faster you accept an offer, sign contracts and get us the requested supporting documentation, the faster we can get you funds!

There are no fees to apply for the program.  There is no fee for having underwriting review your file and provide you with offers from our network.  Any fees incurred would only be charged if you accept and offer, sign the contract, and receive funding.

Average monthly bank deposits to the business bank account should average $10,000/month in each of the last 4 months, with no tax liens or judgements, and no open bankruptcies in the last 12 months.  Even with these limitations, we may still be able to secure alternative financing for an otherwise strong file. We’ll need your business to have been registered for at least 1 year.

We actually can review your account for another round of financing once you pay-back 50-60% of your advance, the average merchant receives more money on renewal after creating a positive history repayment history.

We can typically get a number of offers with varying lenghts, individual payment amounts and overall payback amounts. We will forward all offers we receive for you to decide what’s best for your business. There is no obligation to take a deal, and it is completely free to find out what you qualify for.  We won’t be able to know exactly how much you qualify for until we submit your bank statements to our underwriting team.

Since we don’t offer traditional loans, there is no rate as such. You simply pay a fixed fee that is paid back over time which is laid out up-front.  The average advance is paid back over 6-12 months, though shorter and longer options are often available.

For deals based on bank deposits, repayment may be on a daily or weekly basis.  For deals on credit card processing sales, you pay a fixed percentage daily, which is pulled from your credit card processor and not your bank, so you don’t have to worry about daily ACH draws.  For the latter, repayment plans are flexible; payments are only made when you make a credit card sale. There are no personal guarantees or complicated documents with either program, which makes repayment hassle-free.

For most small businesses, the business owner's credit is important in evaluating the company for an advance.  However, the underwriting/scoring model that we use takes into account all factors, not just a personal credit score.  Don't worry about credit score; we understand that the business needs working capital.  What is most important is that the business is making sales.  In fact, we do not require a personal guarantee, as the business is evaluated on its own merits.

That's up to you!  Many of our clients use advances for things like equipment purchases, site expansion, marketing and advertising, additional inventory purchases, to meet payroll and tax obligations, unexpected repairs and emergency expenses, and so forth.  However, there are no spending requirements or stipulations, so the decision on how to use the money is entirely up to you!