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Apply For Select Funding

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How to apply

It's not hard to put in an application. You can call the company at (866) 264-7007 or apply online by visiting the company's website and filling out a quick online application.

On the Select Funding website click "Apply Now" and fill in the business info: name, address, email, phone number, ownership structure, and Tax ID. On the next page submit your personal information like SSN, birth date, and address. Review and send your application. Select Funding will get in touch with you and disclose the loan details.

Requirements

To qualify for Select Funding business finance, you must have owned your enterprise for one year and have at least $150,000 in total yearly sales. However, the company looks at your credit score, and its approval process is mainly based on your business's health. To qualify for equipment financing, unlike their small business financing, there isn't a minimum annual sales or time in the business requirement, but your credit history is essential. Select Funding equipment financing is credit driven, and the company does look at your business and personal credit history. As a part of the minimum requirements, it is advised to have a FICO score of 500.

Application details

To apply online, you may visit the company's website and click "Apply now." Firstly, fill up business info and click Next. Then you need to answer a series of questions on how long you've been in business, what your annual revenue is, when you need financing by, and how much money you want to borrow. Then fill in owner info and click Next. After that, you must upload the last six months of your business bank statements for quicker approval. Press "Upload" once for each statement. When ready, click "Submit and Finalize." Finally, you should read and agree to the declaration and click "Finalize."

FAQ

What does Select Funding require to qualify?

You must have owned your enterprise for one year, have at least $150,000 in total yearly sales, and have a minimum FICO score of 500.

How long does it take Select Funding to transfer funds?

Once you've been approved and chosen your terms, Select Funding can put the money in your account the next business day. It may take as little as three business days to get financing for equipment.

How long do I need to be in business to qualify for Select Funding?

You should have owned your business for at least one year to be eligible for business financing with Select Funding.

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