General Loan Questions
How do you differ from the other funding companies?
Unlike other lending firms, our lenders provide funding using their own money AND we have access to dozens of different lenders, offering a wide variety of loan options, loan programs and customize financing solutions.
Are your rates more expensive than others?
Because we have access to a large number of lenders and loan options, we are typically less expensive than other companies.
What kind of qualifications do I need for approval?
We understand that every business is unique and therefore do not require a standard set of qualifications. We recommend applying or contacting us so we can learn more about your individual needs.
How long does it take to get funds?
Once approved, we our lender will deposit funds into your bank account as quickly as one business day. In some cases, it can take a few days before you can access funds.
Does my credit score matter?
While your credit score is important, it's not the only factor we consider. We are generally much more lenient than other lending firms in terms of acceptable credit scores.
Unlike other lending firms, our lenders provide funding using their own money AND we have access to dozens of different lenders, offering a wide variety of loan options, loan programs and customize financing solutions.
Are your rates more expensive than others?
Because we have access to a large number of lenders and loan options, we are typically less expensive than other companies.
What kind of qualifications do I need for approval?
We understand that every business is unique and therefore do not require a standard set of qualifications. We recommend applying or contacting us so we can learn more about your individual needs.
How long does it take to get funds?
Once approved, we our lender will deposit funds into your bank account as quickly as one business day. In some cases, it can take a few days before you can access funds.
Does my credit score matter?
While your credit score is important, it's not the only factor we consider. We are generally much more lenient than other lending firms in terms of acceptable credit scores.
Grasping Business Loans
What are loan "terms"?
Loan terms allude to the particular subtleties and states of a loan, including the sum acquired, loan cost, reimbursement plan, and some other significant terms and expenses. These terms are settled upon by the borrower and bank before the advance is dispensed.
What is a personal guarantee on a business loan?
An individual assurance on a business loan is a lawful understanding wherein an individual consents to get a sense of ownership with taking care of the advance in the event that the business can't reimburse it.
Can I get a business loan after bankruptcy?
Indeed, it is feasible to get a business credit after insolvency, however it very well might be more troublesome and require extra advances or insurance.
What is loan stacking?
Loan stacking is the act of taking out different advances simultaneously, frequently without uncovering this data to the loan specialists. This can build the gamble of default and can be viewed as deceitful or misleading way of behaving.
Is a business loan interest tax deductible?
Indeed, business loan interest is for the most part charge deductible as a cost of doing business. In any case, explicit principles and restrictions might apply relying upon the sort of credit, how it's utilized, and the ward wherein the business works. It's dependably smart to counsel a duty proficient for explicit guidance.
Loan terms allude to the particular subtleties and states of a loan, including the sum acquired, loan cost, reimbursement plan, and some other significant terms and expenses. These terms are settled upon by the borrower and bank before the advance is dispensed.
What is a personal guarantee on a business loan?
An individual assurance on a business loan is a lawful understanding wherein an individual consents to get a sense of ownership with taking care of the advance in the event that the business can't reimburse it.
Can I get a business loan after bankruptcy?
Indeed, it is feasible to get a business credit after insolvency, however it very well might be more troublesome and require extra advances or insurance.
What is loan stacking?
Loan stacking is the act of taking out different advances simultaneously, frequently without uncovering this data to the loan specialists. This can build the gamble of default and can be viewed as deceitful or misleading way of behaving.
Is a business loan interest tax deductible?
Indeed, business loan interest is for the most part charge deductible as a cost of doing business. In any case, explicit principles and restrictions might apply relying upon the sort of credit, how it's utilized, and the ward wherein the business works. It's dependably smart to counsel a duty proficient for explicit guidance.
