FAQ

Frequently Asked Questions About Our Small Business Loans. Call Us Today So We Can Answer These And Any Other Question You May. have.

Do I need to have a credit card merchant account in order to do a loan with you? When Credit Card Needed?

Short Answer: We only need you to have a credit card merchant account if you are trying to apply for a merchant cash advance loan. None of our other programs will require a merchant account.

Detailed Answer: Some lenders will want to include merchant account for other loan types in an effort to trick businesses into switching out their merchant account. This switch will allow the loan officer or broker to earn additional fees by moving you to a more expensive processor unnecessarily.

More information: Merchant cash advance loans require merchant account info in order to get a true measure of your businesses cash flow.

Our Recommendation: We recommend not switching merchant processors unless your loan is specifically a merchant cash advance. Do not fall for lenders who try to trick you into making a switch that has nothing to do with your loan.

What Rate Factor Do You Charge?
Will My Interest Be Tax Deductible?
How Often Wll I Be Making Payments?
How Do I Apply?
Is There An Application Fee?

Short Answer: We do not charge any loan application fees on any of our loan products

Detailed Answer: This is a very good question as many competing small business loan companies do charge an application fee or some other sort of upfront fee, they do this because they know that the majority of their applicants will not qualify for their loans and for some reason they feel they should earn an income for reviewing an application. Our policy is to NEVER charge an application fee as we have decided that it would allow our clients to apply for a loan without risk or obligation. Once we get you funded we are compensated by the lender.

Additional Information: Typical loan application fees are charged by the loan officer or loan broker in an effort to cover the expense of credit checks as well as some administration costs. This fee is almost always optional and many lenders will waive this fee in an effort to earn your business.

Our recommendation: We feel you should avoid lenders that charge application fees unless they are fully refundable if you don’t qualify for the loan.

Do You Do SBA Loans?
What is the Difference Between a Line of Credit and a Regular Business Loan?
How Much Can I Borrow?
What Kind of Rate Can I Expect?
Do I Need to Develop Business Credit?
What If I Have Credit Issues?
What is the Minimum Score That I Need?
What if I Have a Bankruptcy?
What if I Have a Tax Lien?
How Many Inquiries Can I Have?
Does My Business Need to Be Incorporated?
Can I Use a Cosigner in My Business?
Do I Have To Have Collateral?
Can I Get Equipment Loans?
Do You Do Real Estate Loans for Businesses?
Do I Need To Have a Business Office or Physical Location?
Do You Do Loans for New Business?
How Many Years Must I Be in Business?
How is The Age of My Business Determined?
How Long Does it Take to Get Approved?
How Long to Get Funded?
What Information is Needed to Apply?