The loan process, shouldn’t be a process at all, it should be a pleasant experience. We call it the loan experience for that very reason. The loan experience can be visualized in the 5 stages below.
Call us and speak to one of our loan advisors, who will qualify your business for the loan in a few minutes. Once you are qualified you apply by sending in a 2 page application along with the required documents. Underwriting will call you to go over your request. Conditional approvals are typically issued within 48 hours. Once you pick one of the custom loan options and sign the contracts, we will perform our final verifications and issue a final approval. After that is done, you will receive a wire in your business bank account and the automatic daily payments start coming out the following day.
In most instances and with the prompt availability of our clients, the loan experience from application to funding takes between 2-5 business days.
To ensure an efficient loan experience and subsequently a timely funding, please pay attention to the following:
- Complete Application: Make sure your 2 page application is filled out completely and signed. Also make sure it is sent in with a complete list of the required documents. Incomplete submissions can delay the funding timeline
- Get Approved: After you speak to one of our underwriters, if any additional documents are requested, provide them as soon as possible.
- Pick an Option & Sign Contracts: It is important to think about which loan option will be most beneficial for your business. With that said, keep in mind that after 48 hours of the approval issue date if we do not have executed contracts back, we will have to re-underwrite the account and this will delay the timeline. As soon as you decide which option is right for your business, sign the contracts!
- Be Accessible: Provide us with your best contact number(s) and call us back in a timely manner.
To get started or to simply learn more please call 1.877.379.0202 or click here.