Q. 1. What if I have been turned down for a business loan at my bank already?
A. Financial Advantage makes it easy to get an unsecured business loan/merchant cash advance/invoice factoring. Our non-traditional programs do not ask for the same documentation your local bank does.
Q. 2. How do I know Financial Advantage Group is the type of company I want to work with?
A. Financial Advantage Group has an A rating with the west Florida Better Business Bureau. Plus, we never require any out of pocket fees from our clients.
Q. 3. What are the chances of getting approved through Financial Advantage?
A. Since we work with a large number of direct funding sources, the percentage of approvals for our clients is among the highest in the industry! We are proud to say that our approval rate is 83%!
Q. 4. When can I get cash?
A. Typically cash is available within 24 hours or less after final approval.
Q. 5. How long does the application process take?
A. We have the fastest pre-qualification form in the industry. Apply now and in 24 hours you will know if you are approved!
Q. 6. Am I required to post collateral?
A. Unlike traditional bank loans, there is no collateral required.
Q. 7. How is repayment made?
A. We offer many types of repayment methods, from ACH withdrawal out of the business checking account to direct payments from your credit card processor.
Q. 8. What is reported to the personal credit agencies?
A. Unlike bank loans that can affect future borrowing, the financing you receive from us is not reported to personal credit agencies.
Q. 9. Can I receive additional money before I pay back my first loan in full?
A. Yes, when our financing is down to 40% – 60% of the original balance, your business can request additional funds.