The cost associated with our financing options varies significantly, contingent on various factors such as credit history, business tenure, industry, and the specific funding product chosen. To provide an overview, term loans typically come with an annual percentage rate (APR) ranging from 8% to 15%, lines of credit range from 9% to 20% with a simple interest structure, and bridge funding entails costs between 15 cents and 40 cents per dollar, featuring prepayment discounts. Your funding advisor will provide you with an initial estimate within an accurate range upfront, ensuring that there are no unexpected surprises. It's important to note that alternative finance differs from traditional bank financing, and while it offers ease and speed, these benefits do come with associated costs.

The timeline for funding approval largely hinges on the chosen product and your prompt provision of necessary documentation. In most cases, funding can be secured within one to two days, although term loan products typically require approximately 15 days for processing.

Loan eligibility for small businesses depends on factors such as creditworthiness, time in business, financial health, and the type of loan you're applying for. Lenders assess your credit history, business financials, and the viability of your business plan. Factors like collateral, industry trends, and personal guarantees can also influence approval. To improve your eligibility, focus on maintaining a strong financial record, establishing a solid business plan, and understanding the specific criteria for the loan you're seeking.