Your Account Executive’s responsibility is to walk you through the entire process from start to finish and make sure it is simple and easy. We are here to see that the funds are available when YOU need them.
- What are the amounts and terms for a loan?
- What can I use my loan for?
- How long does it take to make decisions?
- What types of businesses does Channel Partners Capital work with?
- How do I apply?
- What information is needed to complete my application and fund the loan?
- How are loans repaid?
- Do I have to take all of the funds at once?
- Can I apply for a second loan if I need additional financing?
What are the amounts and terms for a loan?
Loans are from $10,000 to $250,000 per location and can range in term from 6 to 24 months.
Using Channel Partners Capital’s 2-Minute-Quote software you can generate a real-time quote of the loan amount your business would likely quality for. Get a quote now!
- Expand your business
- Purchase inventory
- Upgrade equipment
- Manage seasonality
- Remodel your facility
- Meet payroll
- Handle emergencies / tax liabilities
- Any other business purpose
How long does it take to make decisions?
We can typically generate offers within 24-48 hours and wire money to your account within 2-4 business days after approval. Your Account Executive will help move the process along to insure you receive funding when YOU need it
What types of businesses does Channel Partners Capital work with?
We work with ALL types of businesses (except gambling, adult entertainment and non-profits). We are particularly successful with businesses that have consistent and diverse revenue streams.
We support small to mid-size businesses by offering unique financing alternatives, which are not universally available in the market today. In addition, we help many businesses with challenged credit gain access to funds and provide opportunities to rebuild their credit worthiness.
How do I apply?
You can fill out our application or call us at (763) 746-7760 to talk directly with an Account Executive. In addition to our application, we would like to see your last 6 full business bank statements, and your most recent business tax return. Statements and returns can be attached to our application, emailed, or faxed to us. Please note: Channel Partners Capital always treats your personal and business information confidentially.
At the time of request we’ll need:
- Completed application
- Last 6 months business bank statements
- Most current business tax return
Prior to funding we’ll need:
- Executed documents
- Voided check
- Copy/picture of driver’s license
How are loans repaid?
We deduct a fixed dollar amount from your business bank account each business day (not including weekends and federal holidays). Due to the short term nature of the loan, smaller daily payments allow you to have more access to your own cash throughout the term of the loan.
Do I have to take all of the funds at once?
Typically no, your Account Executive can help structure the funding to meet the needs of your business.
Can I apply for a second loan if I need additional financing?
Yes. Once you have successfully repaid 50% of your loan, you are eligible to apply for another loan to continue building your business.