FAQs
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Frequent Questions
An unsecured working capital loan doesn't require you to provide any collateral, security or guarantor to get funds.
To start the process we only ask for 6 bank statements from your most recent 6 months in business.
OPTION : Or 6 months credit card statements.
Once we get those statements along with the application, we'll have an offer for you within 24 hours.
It depends on how much your business is making in gross sales per month.
EXAMPLE: if you making $50,000 a month in gross sales in your business bank account, we can go up to 2 times that amount.. So we can go up to $100,000.
NSF's,( NON SUFFICIENT FUNDS), Overdrafts, credit scores under 500.. Things like that. Or businesses we don't like to lend to like hip hop bars. FOR EXAMPLE: If it happens to be a gun fight out that night and someone gets killed and we won't have the ability to get our money back.
(IT'S A FACTOR RATE NOT INTEREST) If we deploy $100,000 to a business owner and we're going to receive let's say $130,000 back.. That never grows or accrue interest.
EXAMPLE: If today we agreed to withdraw $100 out of your fixed ACH business account, then $100 would be taken off the amount of owing $130,000 in the event that it was the first day that we pulled money out of your account..so now you would owe us $129,900.
NO. We do not report to the credit bureau.