Working Capital FAQs
How does the loan program work?
Do you disrupt my credit card receipts?
How much money can I expect and how do I qualify?
How do I get the money?
What is the payback process?
How do I apply?
Q: How does the loan program work?
A: We are a licensed lender, so in many ways our program works just like
a bank, except that we are faster, require very little documentation, and
we lend to businesses that most banks won’t! We have a simple process,
and we lend anywhere from $5,000 to $500,000. You’ll receive the cash quickly – typically
in 5 to 7 business days from completion of an application! We provide
some of the most competitive rates in the industry, and usually give you options
for a payback schedule that works best for your business. If you need business
financing, call us!
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Q: Do you disrupt my credit card receipts?
A: No. We don’t tie into your credit card sales or make you change
your credit card processor like many cash advance companies do. Why let some
other company dictate who you use to provide a critical service for your business? We
are licensed lender, and we make loans. We don’t factor future
credit card receivables.
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Q: How much money can I expect
and how do I qualify?
A: We calculate your loan amount based on actual gross sales (cash + credit
card) and general creditworthiness. Potential loan amounts vary from
4% to 8% of annual sales (based upon current or projected sales), and are subject
to our standard underwriting criteria. We also loan to businesses that
have been open less than a year.
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Q: How do I get the money?
A: However you would like. The quickest method is a wire transfer
directly to your business account. It’s quick, efficient, and normally
executed within two to three business days of loan approval. We can also mail
you a traditional check if you prefer. If you are using the money to buy equipment,
we can pay vendors directly. Just let us know what you would like us
to do.
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Q: What is the payback process?
A: Payback is simple. We ACH a payment once a week from the
business checking account of your choice. Your weekly payment is the same over
the term of your loan, so you’ll know what to expect and can budget accordingly.
We don’t auto renew your loan or require continued commitments, but once
your loan is paid, if you want more money, the process is quick and easy!
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Q: How do I apply?
A: Apply Now, call us at (866) 538-8322, or Email
Us, and speak to an RFS
Loan Consultant in your area. Our Loan Consultant can establish your
loan needs and start the process. All you will need to do is fill out
a short loan application form and provide 3 months of your most current credit
card and bank statements to document sales. We will do the rest! The
whole process is hassle free and typically takes five to seven business days!
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