How It Works
We understand that, as a business owner or senior executive, you need to be able to access financing easily and conveniently, and that you cannot afford for the process to take too much time, so we continuously work on streamlining it. The same easy flow below applies to all the business financing solutions we offer.
1
Select your financing and complete the easy online financing application. To help us expedite it, be sure to enter all the information required. If you are unsure of the best financing type for your business, contact us before.
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
That’s it! Within a day – sometimes the same day, you receive the funds in your account.
Information you need to apply
Our simple working capital applications gather information about you, your business, and your business’s performance. On average, online applications take less than 10 minutes to complete. You will also be required to upload identification and financial information.
The information requirements below are generally sufficient for Small Business Loans, Business Lines of Credit, and Revenue Based financing. Not all financing types require the same documentation. Other financings, such as invoice factoring, SBA Loans, and others might require more details. The documents needed for each type of financing are requested during the online application. Any extra 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.
Last 3 monthly merchant processing statements
Needed for businesses accepting credit card payments. Used to evaluate the maximum funding amount.
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 and allow you to optionally repay early and save further.
Get the financing you need to grow
Applying for funding with BorrowPartner does not affect your personal credit score
