Your questions answered: Find Clarity in Our FAQ Section
Everything you need to know about working capital
We fund working capital in amounts ranging from $10,000 to $250,000, and terms can range from 6 to 24 months.
You can use your working capital for any business purpose, including:
- Expand your business
- Purchase inventory
- Repair equipment
- Manage seasonality
- Remodel your facility
- Meet payroll
- Handle emergencies/tax liabilities
- Any other business purpose
Yes. Once you have successfully repaid 50% or more of your original contract, you are eligible to apply for more working capital.
Typically, no. Your account executive can help structure the funding to meet the needs of your business.
We can fund the same day once all documents have been received. The funds are electronically sent to your bank account and generally available to you the next business day.
We deduct a set payment amount from your business bank account based on the terms of your contract.
We can typically reach a credit decision 2-4 hours after all documents to be reviewed have been presented.
Companies that have been in business a minimum of one year, commitment by 51%+ of ownership, personal credit history and consistent and diverse revenue streams.
Prior to funding, we will need executed documents, a voided check and a copy of your driver’s license.