How long does it take to get Qualified?
If you fill out the application online, it usually takes 24 hours. If you call us directly, a loan specialist can qualify you in minutes.

Return to Top of Page

What are the requirements for a business line of credit?
You must have two or more years in business mandatory. A majority of the business line of credit is solely based on your personal credit. Now the loan will not show up under your personal credit report. It will go against your business Tax ID # with D & B. Since there's no collateral and no documentation required, as long as you have the 2 years in business and great personal credit, you meet the requirements.

Return to Top of Page

What is the minimum and maximum I can borrow?
Dollar amounts are primarily based on your unsecured personal credit history! The higher your established unsecured credit card limits, the more money you'll receive. If you're looking for a business loan, the majority of the approval amounts are based on both your unsecured credit history and your annual gross sales.

Return to Top of Page

Do I have to secure the loan with my home?
Whether it's a business loan or personal loan, there truly is no collateral required. You 100% will not have to tie your home into the loan or credit line.

Return to Top of Page

What are the credit score requirements?
If you're applying for a business credit line, you must have a personal FICO score of 657 or higher. Personal loans require a credit score of 673 or higher. Aside from the credit score, they thoroughly examine your credit accounts. You can't have any B.K.'s, Judgments, Repossessions, Foreclosures, or derogatory late pays at all.

Return to Top of Page

What are the interest rates?
Interest rate varies from applicant to applicant. Depending on the loan type and the amounts, it could be anywhere from prime rate plus 1-6. Until a loan is approved, we can't determine one's interest rate.

Return to Top of Page

How long do I have to pay it back?
Depending on the loan type, and especially the dollar amount, payback terms are anywhere between 3-8 years. The more money you borrow, the longer they'll give you to pay it back. Usually, once an approval is in place, the payback terms can be negotiated.

Return to Top of Page

How long until I receive my funds?
From the time you complete the application process until the time you receive your funds, it is safely 10-14 days total. If you have perfect credit and you're motivated to get your funds ASAP, I've seen it happen the very next day, so it can happen a lot faster.

Return to Top of Page

What if I need another credit line?
Once you have an open credit line for a nice size dollar amount, it is difficult to obtain additional lines due to high debt. We have a solution to help you get as many credit lines as you deem necessary.

Return to Top of Page