We'll get you the best terms fast & easy.
Quick Funding Group makes finding the right business loan easy. Our merchants enjoy a quick and straight forward process. They LOVE how we can obtain approvals, ranging from $5,000 to $5,000,000 — in a few business days! What bank can do that?
Unlike all other traditional banks, we use our revenue-based underwriting system that doesn’t rely on your credit score. That means a bad credit score is not a deal breaker for us. Call us to explore all of your options or click and apply to hear from one of our specialists.
No matter your business type, size or situation, Quick Funding Group has the right solution for your specific need.
A merchant cash advance is a lump sum of capital that you repay by using a small percentage of your daily credit card or checking account transactions. It is not considered a loan because you are selling your future receivables at a discount over a term of 6-18 months.
In order to qualify you will need:
- 4+ months in business
- 650+ credit score
- $15,000 + in monthly revenue
What Documentation Will Be Required to Apply?
- 4 months of recent business bank statements
- Completed Application
- Credit Score
- Credit Card Processing Statements (Required if you process Credit Cards)
- Voided Check
- Drivers License
How Much Will This Cost?
A merchant cash advance is based off what is called a factor rate. Ranging from 1.15 to 1.35. You would calculate the total cost by multiplying the amount you are borrowing by the factor rate. For example, a cash advance of $10,000 x 1.20 = $12,000.
How Long Will It Take to Pay off a Merchant Cash Advance?
A merchant cash advance term length is normally between 4-18 months with payback on a daily, weekly or monthly schedule. They are shorter in length because of the speed to funding and lack of collateral requirements.
A merchant cash advance is a fantastic way to get quick and efficient financing in as little as 24 hours. No collateral will be required and there is no restriction on use of funds. They do cost more than typical term loan products but have their benefits which are getting access to capital quickly with little documentation, lack of collateral requirements and no restriction on use of funds.
Working capital is money that is borrowed to keep operations going and cover any business expenses such as equipment, inventory or payroll. Working capital is often referred to as the life-blood of any small or medium sized business. Having access to enough working capital is the difference between a business surviving or having to shut its doors. With the rise of alternative lending in the years since the Great Recession getting access to working capital is easier than ever. There is no more waiting weeks or months for an approval from your bank. There is no restriction on use of funds and there is no collateral required in order to qualify.
In order to qualify you will need:
- 4+ months in business
- 450+ credit score
- 120,000 + in annual revenue
What Documentation Will Be Required to Apply?
- 4 months of recent business bank statements
- Completed Docusign Application
- Credit Score
- Credit Card Processing Statements(Required if you process Credit Cards)
- Voided Check
- Drivers License
A business line of credit is a great option for many small and medium sized businesses because of the flexibility it offers. A line of credit will be extended up to a certain amount, we will say for example that your business receives a $100,000 credit limit, you will only pay interest on the amount used. You can then draw and repay funds as you wish, if you don’t exceed the credit limit. It is a great option for managing cash flow, purchasing inventory, or if a surprise expense pops up. You can usually qualify for a business line of credit with a less than perfect score and there is usually not a collateral requirement.
What Do I need to Qualify?
- 6+ months in business
- 600+ credit score
- $10,000 + in monthly revenue
What Documentation Will Be Required to Apply?
- 4 months of recent business bank statements
- Completed DocuSign Application
- Credit Score
- Credit Card Processing Statements (Required if you process Credit Cards)
- Voided Check
- Driver’s License
If you have any other questions please don’t hesitate to contact one of our friendly and knowledgeable funding specialists.
SBA loans are loans that are backed by the Small Business Administration. The SBA has a plethora of funding programs. What makes the SBA stand out is that generally the SBA would guarantee 80-85% of the loan, and the lender that they are partnered up with (which is usually banks), will syndicate the rest of the funds.
SBA products typically have a longer turnaround time for funding, so if you would like to go this route, please be conscious of your deadline in which you need the funding. SBA offers competitive rates and terms, and you can virtually use the funds for any purpose. However the paperwork is lengthy, credit needs to be 680 plus and this type of financing may require collateral.
You will need the following documents to apply for this type of financing:
- Business and personal returns
- Financials (P&L, balance sheet, income statement)
- Business plan and debt schedule
- Photo identification and void check
What you will need to Qualify
- 1+ year in business
- 650+ credit score
- $15,000 + in monthly revenue
If you think that this type of financing might be for you, go ahead and click on the apply now link and start the process. Complete the application form and submit initial bank statement documents. If you are a candidate for this type of financing, you will be advised shortly after submitting your information.
Invoice Factoring is when a company sells their unpaid invoices to another company for a lump sum payout at a discount. It is a great option when a business needs to improve cash flow, pay employees and suppliers or reinvest in operations and growth earlier than the time it would take for their customers to pay them. It is also a great option when there is difficulty in obtaining other forms of business credit in a timely fashion. Invoice financing works when a company has accounts receivable that they sell to a lender for a fee as a cost of borrowing the money. The Invoice Factoring will pay an advance amount of approximately 50 to 90% of the total invoice amount. We have outlined what is required to be approved for Invoice Factoring in as little as 1 business day. If you have any other questions please don’t hesitate to contact one of our friendly and knowledgeable Funding Managers.
You will need the following Documentation to Apply
- Bank Statements
- Credit Score
- Completed Application
- Outstanding Invoices
- Driver’s License
- Voided Business Check
What you will need to Qualify
- 1+ year in business
- 650+ credit score
- $15,000 + in monthly revenue
A Business Term Loan is a loan given at a fixed term and rate. We offer business term loans with many different repayment methods.
Same Day Funding
Generally, the whole process from application to funding takes less than 24 hours. Quick Funding Group has the fastest turnaround time in the industry. Once the application form is filled out, we will have everything we need on our end to complete the transaction in 24 hours or less
Highest Approval Rate
Quick Funding Group currently holds one of the highest approval rates in the commercial finance industry. 98% of our applications get approved and funded in less than a day. No matter the industry, credit history or cash flow situation, Quick Funding Group has a home for you.
Simplest Application Process
Quick Funding Group has invested heavily in its technology infrastructure to help make this application process easier for you. We understand you are a busy business owner and might not have the time to complete a long grueling application. We have seamlessly streamlined the process to the point that it will only take 5 minutes of your time to see some options.