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You have questions. We have answers.
Educate yourself on the industry by taking a look at some of the questions we are frequently asked. 

  • What are the minimum requirements to qualify?
    Here are our minimum requirements. Business revenue: The business must deposit at least $300,000 annually or $30,000 per month. Time in business: At least 2 years in business. Lender payment history: In order to qualify for the best programs available, the business must have clean lender payment history. Judgements and defaults might not disqualify an approval, however it will not help either. Fico: A score of at least 550 is required. Business account: We can not fund personal accounts.
  • Why are factor rates better then interest rates?
    Interest rates compound over time. For example, a $150,000 loan over 30 years at 3% sounds pretty cheap up front. However, if you do the math, you actually wind up paying over $77,666.18 in interest when all is said and done. That's more then 50% of the money. That's why banks make more money then any other financial institution.. they charge the most! Factor rates on the other hand do not compound, and can actually get lower based on the type of deal. For example, a $100,000 loan over 2 years at a 1.12 cost only $12,000 in interest, and that's before any pre-payment savings or waived interest for a refinance.
  • What are benefits of an unsecured loan?
    No Collateral Required Most banks will want you to put up your assets as collateral. With an unsecured loan you do not have to leverage any of your assets to secure funds. Keep your personal finances separate and secure. Approval Time The approval and funding process can be complete in as little as 24-48 hours, as there are no assets to evaluate. Banks and secured loans generally take a minimum of 4-12 months just for an approval. Tax Write Offs Most of the interest on an unsecured loan can be written off. Be sure to have a diligent accountant, or inquire with an advisor on how to save big each quarter. Consistency You can take this kind of funding every quarter. Use your business as an asset, and invest in various ways to create more streams of revenue. Multi-Purpose Secured loans are usually fixed, and most of them can only be utilized for a fixed purpose like auto loans, or equipment. Unsecured loans provide a plethora of flexibility. You can use the funds for various purposes, like an investment, or to catch up on personal taxes. Credit is not the only factor Banks look at your credit and asset value more than the performance of your business when it comes to approvals. Most unsecured loans are based on the performance of the business rather than credit.
  • What is the difference between you and a bank?
    Banks typically take 4-12 months to approve a business, and their approval criteria is much more complicated. Typically a bank will give you a secure loan, requiring you to tie up your assets in order to secure the funds. Furthermore, banks will typically put a restriction on the kind of financing they will give you and what it can be used for. The funds we provide have no restrictions whatsoever.
  • How much funding will I have access to?
    Generally we can acquire up to 150% of you average monthly gross deposits in funding. Higher credit and a better account can increase this number. For example: If you average around $100,000 in gross deposits per month, we can qualify you for up to $150,000, sometimes even more.
  • What information do I need to provide in order to apply?
    Completion of our application form which contains basic owner and business information, and your last 3 months full business banking statements.
Have more questions? Contact Us


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