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◆ How to

How to get a business loan

Six steps in the right order. Doing them out of order is what leads to overpaying or being declined for something avoidable.

✓ Checking what you qualify for does not affect your credit score.

$5K-$5MRange
2-4 hrsDecision
500+Scores placed
Same dayFunding

The sequence

StepDo thisWhy the order matters
1Define what the money buys and when it pays backThis decides which product, before you talk to anyone
2Check your lead time honestlyMonths means a bank; days means deposit-based funding
3Pull three to four months of complete statementsThe single biggest determinant of speed
4List every existing positionUndisclosed positions are the top cause of stalled files
5Apply, with documents attachedNot apply, then hunt for documents
6Compare on total dollars repaidNot on the headline rate

Getting loan-ready in a week

Separate business and personal spending completely — mixed accounts weaken the file
Make sure revenue lands in the business account, not a personal one
Download statements as PDFs from your bank portal, not phone photos
Confirm the legal entity name matches the bank account exactly
Write down what you are buying and what it produces — you will be asked

The shortcuts that cost money

Two in particular. Taking the first offer without asking for total repayment in dollars, which is how people end up comparing a factor rate to an interest rate and choosing badly. And borrowing less than the purchase actually costs, which means coming back in six weeks for a second position at second-position pricing.

If a bank is the better answer

With clean books, two years of returns and months of lead time, bank or SBA-backed funding is cheaper than anything here and you should pursue it. We do not offer SBA loans and will say so plainly rather than sell you speed you do not need.

Common questions

What do I need to apply?

Three to four months of complete business bank statements, a government-issued ID and a voided business check.

How fast can I get funded?

A decision typically within 2 to 4 hours on a complete file, with funding the same or next business day.

Does applying affect my credit score?

No. Checking what you qualify for does not affect your personal credit score.

What is the most common mistake?

Borrowing less than the purchase actually costs, then returning for a second position at worse pricing.

See what you qualify for

Same-day decision. Applying takes a few minutes and will not affect your credit score.