 
Easy Business Financing FAQs
Q. How does easy business financing work?
A. Easy business financing puts cash in your hands quickly by giving you an advance on your future credit card sales. Funds are deposited directly into your account electronically. Once approved, you’ll have access to your cash within 7 business days. That’s easy.
Q. How do I qualify for easy business financing?
A. Qualifying requirements are minimal. You will need to show us that:
1. You’ve been in business for at least one year.
2. Your business accepts credit card payments
3. You have at least $2,500 a month in credit card sales.
4. You meet our basic underwriting requirements.
Q. What if I don’t qualify?
A. You may still have options because we partner with a network of lenders who specialize in various types of loans. If we can’t help you, we may have a partner who can.
Q. What if I already have a business loan?
A. Our product is an advance not a loan. As long as you meet our requirements we can still provide you with immediate cash, without affecting your other obligations.
Q. When applying for easy business financing will you look at my personal credit history, and will it affect my credit report?
A. Our business-friendly scoring method includes a review of your personal credit but it will not require any personal guarantees or affect your credit report. We’ll review each credit profile individually before making any decisions. We’re not FICO score driven but we review your personal credit to evaluate credit history.
Q. What is the cash advance limit?
A. Every business is unique. We will determine your limit based on your average monthly credit card sales, type of business, and how long you’ve been in business. Once we receive your initial loan application we will give you a full quote taking these factors into account. There are no requirements for minimum transactions volumes. We generally fund from $2,500 to $400,000.
Q. How are my payments determined, and what is the finance rate charged for this service?
A. The best thing about easy business financing is that there are no fixed payments. WE ONLY GET PAID WHEN YOU MAKE A SALE. The money you receive is an advance against your estimated future monthly credit card sales. We simply take a previously agreed upon percentage of your credit card sales until your account with us is settled. It’s that easy.
Q. What is the length of the loan?
A. The length of the loan can vary from 6 to 10 months.
Q. Is there an application fee?
A. No. The application is quick, easy and absolutely free.
Q. How does the application process work?
A. Applicants can get pre-approved in as little as 48 hours. Once we receive your merchant account statements, we will give you a full loan quote and a quote for your merchant account rates.
Q. How do I keep tract of my payments?
A. You’ll receive a monthly statement. In addition, with a member password soon you will be able to log onto our website to view your payment history, track your daily transaction and see your remaining unpaid balance.
Q. How do I get started?
1. Fill out our 3-minunte application, fax or mail back your last 4 months of merchant account statements with the application.
2. Email us requesting an application customerservice@easybusinessfinancing.com or
3. Call (313)-550-5848
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