Frequently Asked Questions
What’s the length of time my business has to have been in operation?
For loans less than $100,000, six to nine months may suffice. For small business loan or cash advance greater than $100,000 and up to $3,000,000, at least 12 months and up to two years.
Should I obtain a loan or cash advance?
If at all possible, you should obtain a loan. It usually costs less. However, you may want to consider a cash advance if you cannot obtain a loan and if the benefits and rewards will justify the expense.
Be diligent in evaluating your situation. Do not ever borrow more than you could handle. Work based on realistic expectations and forecasts. Being idealistic is great. But do not become blindsided by the “potential” success. Do what you think is best for your business.
Will I need to switch my processor of credit card transactions?
No and not necessarily. For loans and cash advances, nine out of 10 situations do not require a switch. Account receivable, purchase order, and asset-based financing and lines of credit do not involve credit card processing in any shape or form.
Will I be approved?
While we can’t guarantee an approval and make no promises, we will work diligently to get you approved. Our approval rate is over 90%.
How long will it take for a loan or cash advance to be approved and disbursed?
Once you contact us via Contact Us, a senior account executive will contact you for further information. You may also call us directly. When all documents have been submitted to us, it would take only a few hours and up to only 24 hours for an informal approval. Once you have signed off on the final documents, your account will be funded the same day with a cut-off time of 3:00pm. The entire process can take as few as only 3-5 business days.
Do you provide import financing for purchase orders?
Yes. Up to $6 million on one purchase order. Larger amounts may be considered on a case-by-case basis. Suppliers may be abroad needing special financing to fulfill your order. We could arrange to secure a line of credit for the foreign supplier in the form of a loan or business line of credit, which releases the funds to the supllier immediately.
How does your real estate bridge financing work?
We can facilitate financing up to $30 million as senior bridge loans within 2-3 weeks for income-producing commercial and residential housing properties in major U.S. metropolitan and select areas.
When can I submit an application?
Yes. Apply here to start the process.