Frequently Asked Questions
How fast can I get business funding?
A number of financing programs available through our lending network can be approved in as little as 24 hours once the required documents are received, with funding available within one to three business days on select programs. For many borrowers, that means a faster process than going through a traditional bank. SBA loans, commercial real estate financing and more complex requests usually take longer, so the actual timeline depends on the type of financing, the lender and how complete the file is.
Will checking my business funding options affect my credit score?
No. Our initial prequalification process uses a soft credit inquiry, so checking your business funding options will not affect your credit score. If you decide to move forward, some lenders may require a hard credit inquiry before final approval, particularly for certain commercial real estate and other loan programs. We’ll let you know before a hard credit pull is required.
What types of business financing can you help with?
We can help you explore working capital, business lines of credit, term loans, equipment financing, SBA loans, commercial real estate financing, invoice and receivables financing, asset-based financing and other specialty funding options through our vetted lending network. Which options make sense depends on what you need the funding for, how quickly you need it, your revenue, time in business, credit profile and other lender requirements.
How much business funding can I qualify for?
We work with financing requests of $10,000 or more, with available amounts ranging into the millions depending on the type of financing. How much you may qualify for depends on factors such as revenue, cash flow, credit profile, time in business, existing obligations, collateral when applicable, and the specific lender or program. SBA loans, equipment financing and commercial real estate financing may support larger amounts when the business and transaction qualify.
What credit score do I need for business financing?
There is no single credit score required for business financing. Requirements vary by lender and financing type, and stronger credit generally gives you more options, better terms and access to lower-cost financing. If your credit is limiting your options today, we can help you look at what is realistic now and, when appropriate, connect you with credit-improvement resources that may help strengthen your profile. If higher-cost short-term financing is necessary to keep your business moving, we also want to help you think through an exit plan—with the long-term goal of qualifying for lower-cost, longer-term financing, including SBA or traditional bank financing when possible.
Is there a cost to apply for business financing?
No. There is no cost to submit the initial application or review available financing options with Reliable Business Capital, and there is no obligation to move forward. If you accept a financing offer, lender or third-party fees may apply depending on the program. Any applicable costs should be disclosed before you sign a financing agreement.