FAQ
How long are the terms?
The length of the term depends on the product and factors like credit and business tenure. On average, terms range from 8 to 18 months. Term loans can extend up to 5 years, while high-risk funding may be as short as 3 months.
Will I need to make daily payments on these loans?
Will these products contribute to my business credit history?
Some of these products can help establish your business credit. This can be beneficial for securing traditional financing. Your funding advisor can provide more information on whether your chosen option will report to business credit.
Will checking my options affect my credit score?
Are you a direct lender?
We’re not a lender, but we’ll guide you through the entire process. Our advisors are knowledgeable about the best funding opportunities available and can help you avoid common pitfalls.
What is the rate?
Interest rates vary depending on your credit, how long your business has been around, what industry you’re in, and the type of loan you get. Generally, term loans have lower rates than lines of credit or bridge funding. Your advisor will give you a rough estimate upfront so there are no surprises. These aren’t traditional bank loans, so they might have higher interest rates to make the process faster and easier.
What is your service area?
We can help businesses in all 50 states. However, there are a few types of funding, like merchant cash advance consolidation, that we can only offer in certain areas.
When can I expect to receive funds?
How fast you get funded depends on the type of loan and how quickly you can provide the necessary documents. Most loans can be funded in a couple of days, but term loans might take about 15 days.