Frequently Asked Questions (FAQs)

1. What types of business loans do you offer?
We offer a variety of loan options including working capital loans, equipment financing, lines of credit, invoice financing, and term loans. Our solutions are tailored to meet the diverse needs of businesses, whether you’re a startup or an established company.

2. How do I qualify for a business loan?
Qualification depends on several factors, including your business’s financial health, revenue, time in business, and credit history. We assess each application individually to provide flexible options for all types of businesses.

3. How much can I borrow?
The loan amount you qualify for depends on the financial strength of your business, your credit profile, and the type of loan you’re seeking. Our funding amounts typically range from $5,000 to $500,000 or more, depending on your business needs.

4. What is the interest rate on business loans?
Interest rates vary based on the loan type, your business’s financial profile, and market conditions. We offer competitive rates and provide clear terms so you understand the cost of borrowing upfront.

5. How long does it take to get approved for a loan?
Our approval process is designed to be fast and efficient. In many cases, you can receive a decision within 24 to 48 hours after submitting your application. Funding is often available within days of approval.

6. Do you offer loans for startups?
Yes, we offer funding solutions for startups. While startups may face different qualification criteria, we work closely with new businesses to provide funding options that help them grow.

7. Are there any fees associated with applying for a loan?
We do not charge any fees to apply for a business loan. However, depending on the loan type, there may be fees such as origination fees or processing fees, which will be disclosed upfront.

8. How do I apply for a business loan?
Our application process is simple and can be completed online. You’ll need to provide basic information about your business, financial statements, and any additional documentation we require. Our team will guide you through each step.

9. Can I repay the loan early without penalties?
Yes, many of our loan products offer flexible repayment terms, including the option to repay early without incurring prepayment penalties. We’ll inform you of any applicable terms before you accept the loan.

10. What if I have bad credit?
We offer funding solutions for businesses with less-than-perfect credit. While your credit score is a factor, we also consider your business’s overall financial health and revenue when evaluating your application.

11. How long do I have to repay the loan?
Repayment terms vary depending on the loan product you choose. We offer flexible terms that can range from 6 months to 5 years or more, depending on the loan type and your business needs.

12. Can I use the loan for any business purpose?
Yes, our business loans can be used for a variety of purposes, including working capital, equipment purchases, hiring staff, expanding operations, or managing cash flow. The funds are designed to help your business grow and succeed.