Working Capital FAQs
Q: How does the loan program work?
A: We become your financial agent whose job it is to
secure bank loan approvals for you. We are faster
than typical banks, require little documentation, and we work closely with banks that lend to
businesses that most banks will not! Our process
is simple and we are able to procure commercial bank loans
anywhere from $20,000 to $400,000 (sometimes $500,000)*.
You’ll receive the cash quickly – typically in 7 to 14
business days from completion of an application we will have
your first loan if you are an "A" customer.
Depending on your strengths as a borrower, you will receive the most
competitive rates in the industry, and we can sometimes
provide you options on which banks would be best to accept.
Q: How much money can I expect and how do
I qualify?
A: Each bank is different and has their own criteria for
general creditworthiness. Generally, you must be in
business for at least two years and have good credit scores.
You are
only limited by the amount of sales you have in your
business. However, we have some banks who loan to
businesses that have been open less than a year.
Q: How do I get the money?
A: When you are approved for a loan, typically you call
up your banker and tell them to deposit so much into your
checking account that you need to use. It's that
simple.
Q: What is the payback process?
A: Payback is simple. You pay back your loan as
a revolving line of credit just like you would pay any
credit card balance.
Q: What interest rates can I expect?
A: Anywhere from prime plus 0% all the way to prime plus
6.5%, depending on your creditworthiness, longevity in
business, sales and assets.
Q: How do I apply?
A: Apply Now
Call us at 817-875-4524, or
Email Us. We can establish your loan needs and
start the process. All you will need to do is fill out
a short loan application form and we'll do the rest.
*Loan approval, loan amount and interest rate are based upon applicant’s credit worthiness and select bank's standard underwriting guidelines.
