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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.
- 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.
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