FAQ's
Here are common questions and answers to ensure you have the information you need to make informed decisions about our services.Frequently Asked Questions
What are the typical interest rates for commercial loans?
Interest rates vary based on loan type, term, and your credit profile. We can provide personalized quotes based on your needs.
How can I improve my chances of getting approved for a loan?
Maintaining a strong credit score, having a solid business plan, and demonstrating consistent cash flow can enhance your approval chances. We can offer tailored advice to strengthen your application.
Do you work with startups, or only established businesses?
We work with both startups and established businesses, tailoring our loan options to meet the unique needs of each. For Startup Capital, we primarily focus on the potential client credit score. A strong credit score which will guarantee results is a FICO score above 700, however we do work with clients lower than 700 depending on the credit profile.
What is a business line of credit, and how does it work?
A business line of credit provides flexible access to funds up to a set limit, allowing you to withdraw what you need and pay interest only on the amount used.
How long does the loan approval process take?
Approval times can vary, but typically range from 24 hours to several weeks, depending on the loan type and completeness of your application.
How can I track the status of my loan application?
You can contact our team directly for updates on your application status, and we will provide timely communication throughout the process.
What is the difference between a secured and unsecured loan?
A secured loan requires collateral, such as real estate or equipment, while an unsecured loan does not. Each type has different implications for risk and interest rates.
What is the role of a loan broker in the lending process?
A loan broker acts as an intermediary between you and lenders, helping to find the best loan options, negotiating terms, and guiding you through the application process as well as increasing the likelihood of being approved.