funding q&a-small


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Small Business Loan

(click on question for info)

[su_accordion] [su_spoiler title=”How do I know if I qualify for a Greenlight Funding Business Loan?” open=”no”]
  • Been in business for at least six months.
  • Business does at least $100k in annual sales.
  • No open bankruptcies.
[/su_spoiler] [su_spoiler title=”What are some of the reasons I may be denied a Greenlight Funding Business Loan?”]
  • Time in business less than six months.
  • Open bankruptcy.
  • Bad landlord reference; behind on rent is ok if reference is positive.
  • Significant judgments and/or liens without a payment plan.
[/su_spoiler] [su_spoiler title=”How long does the approval process take?”]

The approval process typically takes 24 hours or less, funding takes only a few days from approval. [/su_spoiler] [su_spoiler title=”Will you review the owner’s credit history?”]

Yes, we look at credit history as a part of the qualification process. However, unlike traditional lending, we do not use credit as the primary decision tool in approvals or pricing. Strong credit will make a larger difference for our Premium Programs. [/su_spoiler] [su_spoiler title=”Does the business owner have to personally guarantee or pledge collateral for the loan?”]

No, we do not require a personal guarantee nor do we require pledged assets or collateral. [/su_spoiler] [su_spoiler title=”Are there any restrictions on how the Greenlight Funding Small Business Loan can be used?”]

No restrictions whatsoever. You are free to decide where the money is needed most. [/su_spoiler]

 

CALL 516-263-9636 or click

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