Frequently Asked QuestionsHow Much Funding is Available?We will arrange funding anywhere from $20,000 to $150,000.

What Is the Minimum FICO Score That I Need to Have to Qualify? 680 FICO score is the very minimum

How long does the approval process take?We will have an answer and potential credit line amounts within 24 hours upon sending us your credit report. Note: Remember we need a complete PDF file or Log In for Credit Karma info sent to us so we can see full reports.

How Fast Can I Receive My funding?In as little as 10 days after we receive your completed application. We are as serious about your credit as you are and we move quickly. It’s a process and that process time frame starts ticking at the time we receive your application.

How Do You Determine How Much I Can Get?Based upon a number of factors including:

1) FICO Score.

2) Positive Existing Credit Lines- Existing Visa, Master Card, Am Ex or Discover Cards, Mortgage or Car payments 3) Aging-Meaning how long have you had these accounts.4) Credit Limit & Usage Ratio- Meaning if you have a 10,000 limit on your Visa Card and you owe $5,000-then you are at 50% ratio on your usage against your $10,000 limit. (The ideal ratio is 30% of your limits for the highest amounts).5) Recent Accounts: How many recent accounts you’ve opened.6) Inquiries: How many new inquiries you have in the past 6 months.

What is Needed To Get Started?To get started you’ll just send your Fico report from Credit Karma to: funding@newbusinessfunders.com to see how much you are approved for by our lenders.

What Happens after I send my Credit Report?After we get you your FICO report, we will send you a pre a pre approval letter with a single page application for New Business Funders. You will fill this out as soon as possible & send it back to: funding@newbusinessfunders.com

What Happens after I send back the application to New Business Funders?You will receive an introductory welcome email

from our underwriter to schedule a call with you and go over our program so you will know exactly what to expect to happen and when it will happen.

What Happens After The Call with The Underwriter?Within a day or two you will get daily updates with a list of the financial institutions that we are applying to on your behalf, a list of pending, approved, and denied applications if any. Within a few days all the applications our software has targeted with come to a close with a final list of credit accounts and how long each Zero Percent Interest lasts.

What Happens After All My Approvals Are In?You will receive a thank you email from our underwriter that will outline each and every credit line, the terms and summary and conclusion of the file. The email will include a grid of all new accounts and a total amount of funding. Our underwriting department will invoice you for the service. You will continue to be served by our team for all your follow up needs.

What Happens After I Receive My Thank You Letter & Summary of Approvals?You will receive your Credit Lines and Cards in the Mail from the various banks within a few days usually 5-7 days.

What IF I Don’t Get Approved for Funding? The Good News is that there are still options:

First, New Business Funders has an “In house” Credit Restoration team called Up My Fico. Our UP My Fico team knows how to accelerate, restore and build your credit for higher dollar amounts and higher credit limits on your new business lines of credit. Second, if you want to get approved immediately, you can get a credit partner and potentially share part of your profits with your credit partner.

Third, sometimes our customers aren’t initially approved because they are using too much on their credit cards and therefore need to pay them down a bit. We will provide you a letter with a grid that will tell you exactly which card and how much you need to pay down to qualify for the amount you are pre approved.

What products do you offer?New Business Funders provides a variety of funding:

Equipment Finance Business Credit lines Revenue-based loans for businesses Express SBA Loans

Merchant Cash Advances Accounts Receivable Factoring Purchase Order Credit Restoration – 30-Day Guarantee

What are the application costs?There are zero upfront costs. There are zero application fees. Either we get you funded or we don’t get paid.