FAQ

Through our Choice Business Funding Network (CBFN), we offer a full range of solutions including term loans and working capital, equipment financing and leasing, merchant cash advances, accounts receivable factoring, asset-based loans, SBA loans, and revolving lines of credit. We match your business to the best option from our network of vetted funders — no cookie-cutter approach.

Many businesses receive an approval decision within hours, and funding can happen as soon as 24 hours after final approval for qualified applicants. SBA loans and some bank products naturally take longer (2–8 weeks), but our short-term working capital programs are built for speed. We make it a point to move as quickly as possible because we understand the urgency of securing capital.

We work with businesses across the credit spectrum. While higher scores open more options, many of our programs are available for credit scores starting at 500. Credit is one input among many — we also weigh business revenue, cash flow, time in business, and overall deal structure. Businesses with less-than-perfect credit are encouraged to apply.

It depends on the program. Some options are unsecured and require no personal collateral, while others — like equipment financing or asset-based loans — use the purchased equipment or business assets as collateral. SBA loans may require a personal guarantee for certain products. We guide you to the option that best fits your situation and will clearly explain any collateral requirements before you commit.

Funding amounts depend on the program and your business performance. Typical ranges run from $5,000 to $250,000+ for working capital and short-term loans, $10,000 to $500,000+ for equipment financing, and up to $5,000,000+ for SBA loans and asset-based lending. We help you understand what you qualify for after a quick review of your revenue and profile.

There are absolutely zero upfront costs to evaluate your files. If one of our specialized network lenders covers our consulting fee upon successful placement, you pay nothing. If a custom or restructured funding route is selected where the lender does not provide compensation, a standard advisory fee will apply upon funding. We maintain crystal clear pricing, and all fee structures are fully disclosed before any agreements are finalized.

No. Our initial application uses a soft pull that does not impact your credit score. A hard inquiry only occurs if you choose to proceed with a specific offer. You can review your options with complete peace of mind.

Funds can be used for any legitimate business purpose, including working capital, inventory purchases, equipment acquisition, hiring and payroll, expansion or renovation, marketing, covering seasonal gaps, or managing unexpected expenses. Funds may not be used for personal expenses.

To match you with the right network lane, your application must include full owner information for any individual holding a 20% or greater stake in the company.

• Working Capital Loans: 4 months of consecutive business bank statements.

• Equipment Financing: Information regarding the target purchase type and estimated price. Note: Your approval is highly flexible. You are approved for a specific capital capacity, meaning you can pivot to a similar product or adjust the asset selection at checkout without losing your financing structure.

• Asset-Backed & Real Estate Solutions: A clear inventory of available corporate or personal collateral. For all structured asset loans exceeding $75,000, a current property/equipment appraisal and complete corporate financial statements are required to finalize terms.

Repayment structures vary by program. Options include monthly payments (term loans, SBA, equipment), weekly or daily ACH payments (short-term working capital), or a percentage of daily credit card sales (merchant cash advance). Lines of credit offer flexible repayment — you only pay on what you use. We explain every repayment detail in plain language before you sign.

Yes. If you have an existing advance or loan and need additional capital, or if you want to see if you qualify for better terms, we can review your current arrangement. Many businesses benefit from refinancing or stacking additional funding, and we'll give you an honest assessment of whether it makes sense for you.

You can start by filling out our short online application, or call us at 513-334-6496 to speak with one of our Business Funding Consultants. We're available Monday–Friday, 9:00 a.m. to 6:00 p.m. EST. You can also email us at financing@fundsbychoice.com. There's no obligation and no pressure — just honest, expert guidance.