What documents do I need?
To start: your last 3 to 4 months of business bank statements, a photo ID and a voided business check. For SBA and larger loans, also your last 2 years of business and personal tax returns and a list of current loans or advances.
Will checking my options hurt my credit?
No. Starting an application does not affect your credit. If you decide to move forward, a formal application with credit authorization is sent for your signature before any credit is pulled.
How fast can I get funded?
It depends on the option. A merchant cash advance can be decided in as little as 24 hours. Lines of credit usually take a few days. SBA, real estate and acquisition loans take longer because they need more paperwork.
What’s the difference between a cash advance and a loan?
A loan has a set rate and term, and you pay it back monthly. A merchant cash advance buys part of your future sales, and you pay it back in small daily or weekly amounts. Advances are faster and easier to get, while loans usually cost less over time.
My credit isn’t perfect. Can I still qualify?
Often, yes. Credit is only one part of the picture. Some options focus more on your monthly sales and time in business.
How much can I get?
It mainly depends on your monthly sales, time in business and credit. Use the calculator above for an example, and your advisor will show you real numbers.
I already have an advance. Can you help?
Yes. Send your current contract with your application. We’ll look at whether a longer-term option could replace it and lower your payments.
