Question 1

How does equipment financing work?

Accepted Answer

We help business owners preserve cash by offering equipment payment options over 6 months to 10 years instead of a lump sum. Low monthly payments include soft costs like installation and shipping. Choose between leasing or financing based on your plans for the equipment at the end of the term.

Question 2

How does revenue based financing work?

Accepted Answer

Revenue based financing uses your future revenue as collateral. Repayment is taken as a percentage of your sales, so payments adjust with your revenue rather than being fixed. Funding ranges from $2,000 to $1,000,000.

Question 3

What is a term loan?

Accepted Answer

Term loans are traditional loans with a set term, fees and a fixed payoff schedule. You receive a lump sum and repay it monthly, with longer terms available for well-qualified borrowers.

Question 4

How does a business line of credit work?

Accepted Answer

A business line of credit works like a credit card, with a borrowing limit and interest charges. Borrow and repay as needed and pay interest only on what you draw, with approvals in as little as 1-3 business days.

Question 5

Will checking my eligibility affect my credit score?

Accepted Answer

No. Pre-qualification uses a soft credit pull, which won't affect your score.

Question 6

How fast can I get funded?

Accepted Answer

Pre-approval comes in under 24 hours, and our online process lets you receive funds within 24 hours of approval. Lines of credit are typically approved in 1-3 business days, and real estate loans fund in 7-35 days for short-term loans or close in 2-5 weeks for long-term loans.

Blog