A: BizLender is able to secure the following three types of alternative funding for businesses:
- Merchant Cash Advance
- Business Cash Advance
- Small Business Loan
A: To apply, your business should fulfill the requirements listed below. If you are unsure, do not hesitate to apply or call (855) 388-1113 to discuss your options with an account manager.
- Three months in business and operation
- Approximately $100,000.00 in annual sales
- Approximately $8,500.00 per month in sales
- A business bank account
A: Although the underwriters do look at your credit, it is not the sole factor used to determine an approval or denial. BizLender has obtained approvals for merchants whose credit scores were in the low 400s. We pride ourselves on getting a large number of our clients funded, no matter their credit score.
A: Regrettably, we are unable to find funding for every single applicant, however, BizLender does stand proud in the fact that we have a low margin of declined applications.
A: BizLender can approve you for a Business Cash Advance in as little as 24 hours after we receive your application and required documents.
A: Your company can be funded in as little as one day after applying.
A: BizLender prides itself on being the Fastest To Fund. That’s why we are always looking for new methods and technology to expedite requests. To speed up the process, we recommend you gather the required documents for underwriting immediately. They include:
- A completed, signed and dated BizLender application
- Minimum three months of business bank statements*
- Minimum three month credit card statements (if you process credit cards)*
- A copy of your driver’s license
- A copy of a voided business check
*Seasonal businesses should submit 12 months of statements.
A: You are always welcome to pay off your advance early. However, there is no benefit in doing so. Whether you pay the advance off the day after you are funded or when the last payment is withdrawn, your payback amount will be exactly the same as stipulated in your contract.
