How It Works
We understand that business owners and executives need fast, convenient access to financing. That’s why we’ve streamlined our process to get you funded quickly. The same easy flow below applies to most of the financing solutions we offer.
1
Select your financing and complete the easy online financing application. To expedite it, please enter all required information. If you are unsure of the best financing type for your business, contact us beforehand.
2
Our financing consultants receive and review the application, including completeness and business credit profile, and work with our network of vetted, best-in-class lenders to generate offers that best fit your needs.
3
Our advisors send you the best available offers for your business.
4
You select the financing amount, term, and repayment schedule that work best for you from the offers you receive.
5
Within a day, sometimes the same day, you receive the funds in your account. That’s it!
Information you need to apply
Our simple online applications gather information about you, your business, and your business’s performance. On average, they take less than 10 minutes to complete.
As part of that process, you will be required to upload identification and financial information.
The information requirements below are generally sufficient for working capital solutions. However, financings such as asset-based lending, specialty finance, invoice factoring, and others typically require more reporting. That data is generally requested during the online application. Any extra or specific documentation might be requested separately.
Driver’s license
Used to confirm your identity.
Last 3 monthly business bank statements
Used to assess sales receipts and to calculate the maximum financing amount.
Voided check
To receive your funding and repay it.
Optional
Prior year tax return
Optional at the time of the application, but might be required later by our financing advisors, including in cases of larger financings.
How to repay
Most financings may be repaid daily, weekly, or monthly via automatic withdrawals from your business checking account. Prepayment options are generally available, allowing you to repay early and save more.
Get the financing your business needs to grow
Applying for funding with BorrowPartner does not affect your personal credit score