Understanding the Eligibility Criteria for Business Funding
Quality Financial Partners in New York, New York seeks to empower businesses with our range of financial products. Business funding eligibility requires the following:
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A minimum business operation duration of 6 months
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A FICO score above 500
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An annual revenue exceeding $250,000
Navigating Credit Scores and Approval Processes
Don't let a low credit score deter you. While your credit score plays a part in determining the type of business financing you qualify for, it does not hinder the approval process. We assess your eligibility based on a broad spectrum of factors.
Understanding Credit Checks and Their Impact on Your Score
We value your credit health. Submitting a result in a soft credit pull doesn't impact your credit score. A hard pull is only conducted once you decide to proceed with the approval process, which will be reflected in your credit history.
Industries We Do Not Serve
We are committed to ethical business practices. Consequently, we do not provide business loans or business factoring services to industries affiliated with adult entertainment and gambling.
Anticipating the Arrival of Your Funds
Once approved, you have the option of a same-day wire transfer for immediate access to your funds (additional fees may apply). Alternatively, you can expect an ACH transfer to your business bank account within the next business day.
Unsecured Loans: No Collateral Required
Our business financing options are unsecured, which means you don't have to pledge any collateral. This is not the case if you're seeking equipment financing or an SBA loan, which may require collateral.
Experience Our Swift and Easy Application Process
Our online application process is quick and efficient. Most customers can submit their applications within 5 minutes, and we strive to deliver decisions within 12 hours.
Once approved, you can look forward to receiving your business capital on the same day.