Common questions
Will applying affect my credit score?
No. We use a soft credit check to show your options, which does not affect your score. A hard inquiry happens only if you accept an offer that requires one, and we tell you before it does.
How fast can I get funded?
Merchant cash advances and invoice factoring can fund in as little as 24 hours after approval. Lines of credit and term loans usually take one to seven days. SBA loans take 30 to 90 days.
Is a merchant cash advance a loan?
No. A merchant cash advance is the purchase of a portion of your future sales. Instead of interest it uses a factor rate, and payments rise and fall with your revenue.
What do I need to apply?
Most applications need four months of business bank statements, a government ID and your EIN. Larger loans and SBA loans also need tax returns and financial statements.
Can I qualify with bad credit?
Often, yes. Cash advances and invoice factoring weigh your revenue and customers more heavily than your credit score. Your advisor will show every option you qualify for.
Are there prepayment penalties?
It depends on the product. Many of our term loans and lines of credit allow early payoff without penalty, and some advances offer early payoff discounts. Every offer lists this clearly.