The initial application process is either managed by a sales associate who will ask you a series of questions, or you may apply directly on the website.
The only information you need to provide for the initial application is
- The amount of money for which you are applying
- Time in business
- Average monthly revenue
- Your estimated personal credit score (FICO)
- The company or industry your business is in.
- Your business name
- Your first name
- Your last name
- Your email address
- Your business phone.
- You also have the opportunity to include notes with your application that will help us process the application. Ideally you should include any other important information about your financial situation and/or what you are looking to accomplish with the loan.
This information is then passed on to our lending partner, Lendio, who will process your application.
After this, you will receive a welcome email. The application must be completed first before any additional steps will be taken within the workflow. Upon completion of the application, the lead will be assigned to a dedicated Funding Manager and that individual will connect with your customer to discuss loan offers within 24 hours of it being assigned.