Retail Store Owners
Health Care Services
Fix and Flip Inverters
Real Estate Inverters
Merchant Cash Advance
A merchant cash advance isn’t a loan, but rather an advance that is paid back by withdrawing a set dollar amount of the business sales, typically on a daily or weekly basis over eight to twenty weeks. Since a MCA is based on the amount of sales, the more gross sales a business does the more money they are able to borrow with the advance. This type of funding can work great for businesses that need no collateral money fast for a short period of time.
Business Line Of Credit
A business line of credit is a type of small business loan that needs no collateral and gives a business owner flexibility to funds. Rather than a one time amount, funds are accessible as needed. This allows owners to be able to scale your business without being hindered by hiccups along the way. Qualifications are the same as the term loan a 680 or higher credit score. You will also need to show 50k income or more on the last two years of your personal tax returns or a cosigner with this criteria.
Business Term Loan
This is a funding option specifically designed for small businesses. The loan allows companies to borrow money in five to seven days with no collateral. The term loan is based on the credit of the browser and the income and overall debt to income. Our term loans are five to seven years at competitive rates and you just need a 680 or higher credit score. You will also need to show 50k income or more on the last two years of your personal tax returns or a cosigner with this criteria.
Here at Funding Ape, we know time is of the essence. You need funding and you need it now. We will do our very best to process your funding request quickly and smoothly, but the Ape will need a little help from you in the process. By quickly providing us with the business information we need, you will have your funding in no time.
Filled out and signed funding application. (Request Above)Three months of business bank statements showing your business makes at least $8000 gross sale on average per month.. (Statement must have your business name DBA on them and sent in PDF form please no screenshots)You must have a business tax ID number from the IRS.Copy of a void business check.Copy of your driver's license, That's it!
Our simple funding process Funding Ape, sends you a funding application (Request Application above) return your filled out application and the last three months of your business bank statements, a photo of your picture ID and voided business check.
We then review it and forward the information to our underwriters for funding approval. This process take between 3 to 6 hours but may take longer for some funding types.Once we get your approval back from underwriting we call you and email it over. You review the offer and contact us to proceed with funding.
We then email you the contract and a Decision Logic link to complete the verification process. After a successful verification the funds will be wired to your business checking account the same day. Its that easy!
Funding Ape provides outstanding personal service and will strive to get you the best rate and term possible for your business.
The Only Call You Need to Make is Funding Ape.
Thanks! Funding Ape