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Faq - Topics
Most of our lenders require the following: Credit Application Driver’s license of principal Corporate documents I.E. certificate of incorporation or corporate resolution 6-8 months bank statements 2 years of financial and current year to date financials
All industries can qualify.
The repayment depends on the terms of the loans. Some are paid back daily via ACH while others are deducted on an agreed upon cycle, usually weekly or monthly.Small business loans do not require your business to accept credit/debit cards.
Banks are regulated by the federal government where as lenders are not. Private lenders have more flexibility with lending, require less paperwork and theprocess is faster.
Any small business that needs funding to survive or expand but lacks the funds to do so could use a small business loan.
A Small business loan is an advancement of funds with a fixed payback period of principal and an agreed upon interest rate.