How to apply
The process of applying with this company is similar to that of traditional business loan companies. From the main page, you can click on the "Apply Now" button. You will be transferred to a separate web page where you can fill out the necessary information regarding your business and its ownership. Once you fill out a simple application, you will be asked to upload statements from the bank and other documents.
Requirements
The company does not provide a clear-cut template of what is needed to receive funding, but there are certain basics that applicants should have:
Proof of sufficient cash flow, time period of ownership of the business, and more. The requirements are highly individualized and vary from case to case, so this sufficient cash flow or enough time doing business should be varied from business to business.
An applicant must have a personal credit score of at least 600 to be approved. Many traditional financing companies require higher credit scores, while this company takes a more liberal approach.
Application details
Documents required to apply include:
Three months' worth of bank statements;
Proof of ownership (>51%);
Several other documents that corroborate the information you provide during the application process.
It takes no longer than six hours for the company to review your application and give you the green light to proceed with the process. Common reasons for rejection include insufficient credit score, misleading, untrue, or unverifiable information, insufficient cash flow, not enough time spent in business, and any other factors the company finds incompatible with its business.
