Personal credit scores don’t have the same significance in commercial finance as they do in personal finance. Often, individuals with a high number of recent transactions or large balances can have a low credit score. Commercial finance does not rely on a single score to make determinations.
The easiest way to speed up the process is to complete the application. The nice thing about that is it’s online and only one page. From there, you’ll have a quick call with one of our finance professionals to review your application and discuss the strategy that’s right for you. It usually takes about 24 hours to receive approval. Once your approved funding usually takes between 24-48 hours.
As we mentioned above, the approval and funding process usually takes about 4 business days. Ensuring your application is complete and quickly responding to any questions from the underwriting team can speed that up that process.
We also have resources for quick capital loans. Be sure to let our lending team know what timeline you are working with so they can provide you the best solution possible.
There are three things that we look at cash flow, collateral, and character. Your position in each will help determine which finance product would work best for your situation.
The good news is Intrepid Finance is both a Direct Lender and a Broker. So, we have lots of options no matter what your situation.
Real estate is the most common form of collateral. Collateral can include assets such as vehicles, equipment, machinery, accounts receivable, and more.
We have lots of options for growth capital that don’t require collateral. Oftentimes, people like to include collateral in their financing to help create a more favorable deal.
Like with collateral, we have lots of options that don’t require a down payment. A down payment can help to improve the deal position but are not a requirement.