Frequently Asked Questions

Alternative financing options can benefit businesses who may not qualify for traditional loans due to credit history, lack of collateral, or other factors.

We offer a variety of business loans, including term loans, lines of credit, equipment financing, and commercial real estate loans

The approval process typically takes 24 hours.

Interest rates vary depending on the type of loan, your credit score, and other factors.

No, receivable financing typically does not impact your company’s credit score because it is not considered a traditional loan. Instead, it leverages your outstanding invoices as collateral.

We work with a wide range of industries, including retail, manufacturing, healthcare, and service-based businesses. Eligibility depends on factors such as revenue, creditworthiness, and available collateral.

Alternative financing options are non-traditional methods of obtaining funds for a business need, which may include peer-to-peer lending, crowdfunding, merchant cash advances, and invoice factoring.

While most lenders prefer current invoices, some may consider past-due invoices if they fall within a specific timeframe (e.g., 30-60 days). Contact us to discuss your situation.

Not necessarily. Many lenders focus on the value of the equipment itself rather than your credit score, though better credit may lead to lower interest rates

Working capital refers to the funds needed for day-to-day operations, including payroll, rent, utilities, and inventory purchases.

Yes, you can use a business loan for a variety of purposes including business expansion, equipment purchases, and working capital.

Yes, you can pay off your business loan early without penalty.

Generally, lines of credit are flexible and can be used for working capital, inventory purchases, marketing campaigns, or unexpected expenses.