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."
