Easy as 1, 2, 3! Simply complete the application and upload most recent 3 months business bank statements and 3 months merchant account statements if applicable.
Once we receive your bank statements and merchant account statements if applicable, we can typically have offers same day if submitted before 12pm PST, if after then the following day.
Once we have your offer, we will set up a quick call and send out documents to be signed, once completed, you will receive your funds within 24-48 hours directly to your business bank account
Rates depend on a few things such as time in business, type of business, monthly deposits as well as credit. We offer lines of credit, long term loans with daily, weekly and monthly payments.
Once you submit your documents, you will receive the max offer. You do not need to tax the full amount, only what you need. We can facilitate funding amounts from $5000-2M.
Our max term is 60 months, if you meet the minimum requirements
Fill out our easy online application. The application is simple, secure and free to apply.
In 1 day or in most cases same day, you'll be able to pick the best rate from numerous offers.
Once you choose an offer, your funds are wired into your account so you can quickly put it to work!
We get great rates from the top business loan providers for you so you can grow your business.
For any funding your business must be operating for at least 6 months. Your monthly deposits must be at least $15,000 or higher. And, you must have a personal credit score of 500 or higher. Please note, this is not a guarantee of qualification, but rather the minimum qualification criteria.
Below is an example of estimated fees you might pay for $25,000 in funding
Rate Plus Funding was created to provide financial funding solutions for small to midsize businesses that do not qualify or fit into traditional banking's stringent lending guidelines. We believe that small businesses are the foundation of a strong economy.
Currently, there are close to 30 million small businesses in the United States. Access to capital and credit is a necessity to keep a business always moving forward to achieve their goals. Sadly, many small businesses do not qualify for funding from larger banks (not to mention their lengthy application and funding process).
At Rate Plus Funding, providing a fast plan for our clients along with different funding options is our mission... and passion. In this ever-changing lending climate, our job is to keep up with all business lending guidelines and strive to think outside of the box to create funding options for businesses in need. We use technology to act as the great equalizer in providing fast and easy options for small businesses like yourself.
Spend less time worrying about working capital and more time taking on the competition.
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"Thanks Rate Plus for getting me back on my feet quickly. I had lost all hope and they were there to help pay my vendors, clear payroll and save my business."
"Rate Plus was was incredibly helpful and prompt in communications. They were perfect keeping in loop of every stage of funding and supporting me with great information."
"Missing out on the PPE situation really cost my business. I found a great resource in Rate Plus and was able to make payroll for the two months needed to save me."
If approved, the funds are transferred by the lender directly into your business's bank account. The lender transfers funds as fast as the next business day for applications approved by 5:00 p.m. Eastern Time on bank business days.
Your offers are based on an overall assessment of your business's health. The lender evaluates the credit history of the business owner and the business to determine the business funding amount.
The balance can be paid off at any time, but the full fee based on the original term of the loan is applied and is due at the time of the payoff.
Completing the questionnaire will assess your eligibility, allow you to review estimated offers if eligible, and will not impact your credit score. Should you decide to complete the loan application process, credit checks and other public records checks will be performed which may impact your credit score.
The online questionnaire can help you determine your business's eligibility for funding. It takes just a few minutes to complete.
A personal guarantee is dependent on the type of funding you receive, it is not required on all transactions.
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