Q : WHAT HAPPENS AFTER I FILL OUT THE PRE-QUALIFICATION FORM?
A : An underwriter will call you (usually within an hour) and ask you to pull your own credit so they can view your FICO scores and other details. This is done to prevent an unnecessary hard inquiry on your reports, which will lower your FICO score.
Q : WILL GETTING PRE-QUALIFIED AFFECT MY CREDIT SCORES?
A : No, the underwriters will have you pull your own credit. This is known as a 'Soft Inquiry'. Soft inquiries do not lower your FICO scores.
Q : WILL THE LOANS APPEAR ON MY PERSONAL CREDIT?
A : No, the loans will only appear on your Business Credit report, not the personal credit report of the guarantor.
Q : IS FUNDING GUARANTEED?
A : If you are approved during the pre-qualification, funding is guaranteed.
Q : DO YOU NEED GOOD PERSONAL CREDIT TO OBTAIN FUNDING?
A : You or someone in your company must guarantee the performance of the corporation. Whoever you select as the guarantor must have at least 650 FICO scores on all three bureaus in order to obtain funding.
Q : WHAT IS THE MAXIMUM FUNDING AVAILABLE?
A : The maximum funding is $250,000
Q : HOW LONG DOES IT TAKE FROM APPLICATION TO FUNDING?
A : Funding time is 3 weeks from start to finish
Q : DO YOU OFFER PERSONAL LOANS?
A : Yes we do, but the maximum funding available is $75,000.
There is no obligation when you pre-qualify and it will not affect your credit score. It is 100% Secure and no credit card is necessary.