FAQ'S
You can kickstart the process by completing a brief 5-10 minute online questionnaire or calling a Business Funding Expert at 281-453-1556 to assess your business’s eligibility. Customize estimated loan terms by adjusting the loan amount and duration. Upon selecting your desired terms and completing the application, if approved, you’ll receive a contract via email with bank instructions for weekly debits from your business checking account.
The loan is directly transferred to your business’s bank account upon approval. Funding can occur as quickly as the next business day if all necessary documents are submitted and the loan is approved by 2 p.m. CT, Monday through Friday (excluding bank holidays).
Your business needs at least 3-6 months in operation, generates at least $5000 in monthly revenue, has no active bankruptcies, and is located within the 50 United States + DC. The applying business owner must also have a FICO score of at least 550. Some industries are ineligible for TheBelmontFG Loan.
Completing the questionnaire to assess eligibility and review estimated offers will not impact your credit score. However, completing the loan application involves credit checks and may affect your score.
Loan amounts range from $5,000 to $500,000 based on your business’s eligibility. A Business Funding Expert can swiftly assess your eligibility and review estimated loan terms with you.
Your eligibility and loan offer are determined by evaluating your business and the business owner’s credit history.
Certain industries such as collection agencies, financial services, gambling-related businesses, and others listed in the provided criteria are ineligible for The Belmont Franklin Group Loan.
Early repayment is possible, but fees based on the original loan term will apply unless a 10% early payoff discount is available. Contact accounting when you’re ready to settle the loan early.
Depending on the loan amount, loan durations range from 13 to 52 weeks.
Payments are automatically withdrawn from your business’s bank account based on your selected payment frequency (daily, weekly, or monthly) mentioned in the contract. Loan renewal is available when 50% of the loan is paid.
A personal guarantee is necessary, as is familiar with many business loans.
No, all that’s required is a business checking account to receive funds and manage payments.
We take your privacy seriously. We employ stringent 128-bit protection and high-level security measures to keep your information confidential.
Similar to an auto loan for purchasing a car, equipment financing allows a business owner to purchase a piece of equipment with payments made over time. Whereas with an equipment lease, a business owner can rent equipment with regular payments and without the intention of owning it. When the lease ends, there is typically an option to renew the lease again or return the equipment.
Equipment financing provides you with equipment for your business. You make regular payments for the equipment price plus interest. Once the repayment term for your loan is over, you’ll either own the equipment outright or will need to make a decision on renewing your lease or not. Almost any type of equipment can be financed for your business so your operations run smoothly and stay competitive.
Alternative lenders make it simple to secure financing for necessary equipment upgrades. While traditional banks don’t often offer equipment financing loans due to equipment depreciation, The Belmont Franklin Group has a team of Funding Specialists who specialize in securing customized financing solutions for your equipment needs. Simply fill out our quick application to get started.
The length of your loan term is dependent on several factors and varies by loan. However, you can generally finance equipment anywhere from one year all the way up to a decade.
Section 179 is applicable toward equipment-financed purchases and often has added value for business owners by allowing them to deduct up to 100% of the purchase cost. This gives you a tax savings benefit while also keeping working capital for other expenses in your business. Depending on the equipment, combining financing with the Section 179 deduction could greatly help your bottom line.
Heavy equipment purchases can place a financial burden on your business, but financing equipment is a great way to make it more affordable for your business. An equipment financing loan or lease allows you to make periodic payments toward a heavy equipment purchase. The Belmont Franklin Group offers a quick and easy application process where upon approval, you could receive the funds in as little as 24 hours.
Running a farm relies on having the right equipment. It’s easy to secure funding for critical equipment such as tractors, combines, or sprayers. With our simple application process, you can receive funding in as little as 24 hours upon approval. The Belmont Franklin Group has a team of experts who specialize in securing customized loan terms for farms of all sizes.
With a Business Line of Credit, draws are consolidated into one loan with one easy weekly or monthly payment. As you pay back your principal, you replenish available funds. Our line of credit comes with no draw fees. Adjust the payment amount and term to ensure a comfortable weekly or monthly payment.
There are some times when you could really use access to additional funds. Based on your cash flow, net income and payback history, you may be eligible for a credit line increase.
The total cost of your line of credit will vary based on a number of factors, including your personal and business credit scores, time in business and annual revenue and cash flow.
We report your payments to the UCC. So every time you pay on time, you’re building business credit history.
We use soft pulls of personal credit reports that don’t affect your credit score. You will only receive a hard pull inquiry once you approve the Line of Credit.
However healthy your finances may be, when you’re growing or expanding your business you sometimes need to spend money that you don’t yet have, before you can reap the benefits. Whether this means upgrading your equipment, expanding to new premises or hiring new employees, a business short term loan through The Belmont Franklin Group could be just what you need to bridge that gap and set yourself on the path to success. If you want to maximize your sales in peak season, for example, you need to invest in the staffing, resources, inventory and marketing in advance, knowing that the revenue will follow.
A small business loan through The Belmont Franklin Group gives business owners access to short term financing, usually with one specific need in mind, to help you grow your existing business.
You get a lump sum of working capital that you pay back in regular installments, with a fixed fee. As the name suggests, there is a fixed term for paying off the loan (anything from 3 months to 24 months), and repayments can be made on a daily or weekly or monthly basis to suit your cash flow.
The loan amount, fixed fee and repayment schedule will depend on your needs and on the financial shape of your business.
Small business loans through The Belmont Franklin Group are ideal for bridging a gap or fluctuation in your cash flow, or for a one-off purchase of equipment or resources in order to capitalize on an opportunity or complete a big job. This is a great option when you need some up-front capital to keep your business on track or to take the next step, but you know that you’re going to have the funds in the near future to pay it back; for example, if you’re using the loan to cover payroll for additional staff just before your peak season.
As a small business owner, it can be frustrating when opportunities arise but you don’t have the capital to grab them with both hands, for example if you want to expand, diversify, or take advantage of a great marketing opportunity. Equally, an unexpected outlay can seriously tip the scales of your cash flow and have crippling consequences.
That’s where small business loans through The Belmont Franklin Group can make all the difference:
⦁ Quick access to up-front capital, right when you need it
⦁ Low-risk, because you’re preparing for an increase in cash flow
⦁ Regular, fixed payments over a set time period, so you can plan ahead and budget appropriately – no nasty surprises!
Yes, you may be able to get a merchant cash advance with bad credit if your business has strong cash flow. Alternative lenders like The Belmont Franklin Group have lower credit score requirements, typically starting around 550.
The Belmont Franklin Group requires three months of bank statements and other financial records.
Any business that accepts credit and debit card payments may benefit from a merchant cash advance, regardless of industry. Our team of knowledgeable Funding Advisors will work with you to assess your eligibility.
Every business is unique. It’s always best to speak with one of our Funding Advisors to review your circumstances and assess your eligibility. In general, we look for consistent revenue with minimum monthly receipts of $5,000+, and 6+ months in business. We know that credit scores don’t tell the whole story, so we also consider the overall growth potential of your business.
We do not restrict how you can use your merchant cash advance funding. We believe small business owners understand best what they need to do to grow their businesses, so while our team may provide some coaching, the final decision is yours.
A merchant cash advance does not have an interest rate because it is not technically a loan. An MCA is an advance against future sales. The cost of the advance is called a “factor rate”, and it varies based on each business.
You can kickstart the process by completing a brief 5-10 minute online questionnaire or calling a Business Funding Expert at 281-453-1556 to assess your business’s eligibility. Customize estimated loan terms by adjusting the loan amount and duration. Upon selecting your desired terms and completing the application, if approved, you’ll receive a contract via email with bank instructions for weekly debits from your business checking account.
The loan is directly transferred to your business’s bank account upon approval. Funding can occur as quickly as the next business day if all necessary documents are submitted and the loan is approved by 2 p.m. CT, Monday through Friday (excluding bank holidays).
Your business needs at least 3-6 months in operation, generates at least $5000 in monthly revenue, has no active bankruptcies, and is located within the 50 United States + DC. The applying business owner must also have a FICO score of at least 550. Some industries are ineligible for TheBelmontFG Loan.
Completing the questionnaire to assess eligibility and review estimated offers will not impact your credit score. However, completing the loan application involves credit checks and may affect your score.
Loan amounts range from $5,000 to $500,000 based on your business’s eligibility. A Business Funding Expert can swiftly assess your eligibility and review estimated loan terms with you.
Your eligibility and loan offer are determined by evaluating your business and the business owner’s credit history.
Certain industries such as collection agencies, financial services, gambling-related businesses, and others listed in the provided criteria are ineligible for The Belmont Franklin Group Loan.
Early repayment is possible, but fees based on the original loan term will apply unless a 10% early payoff discount is available. Contact accounting when you’re ready to settle the loan early.
Depending on the loan amount, loan durations range from 13 to 52 weeks.
Payments are automatically withdrawn from your business’s bank account based on your selected payment frequency (daily, weekly, or monthly) mentioned in the contract. Loan renewal is available when 50% of the loan is paid.
A personal guarantee is necessary, as is familiar with many business loans.
No, all that’s required is a business checking account to receive funds and manage payments.
We take your privacy seriously. We employ stringent 128-bit protection and high-level security measures to keep your information confidential.
However healthy your finances may be, when you’re growing or expanding your business you sometimes need to spend money that you don’t yet have, before you can reap the benefits. Whether this means upgrading your equipment, expanding to new premises or hiring new employees, a business short term loan through The Belmont Franklin Group could be just what you need to bridge that gap and set yourself on the path to success. If you want to maximize your sales in peak season, for example, you need to invest in the staffing, resources, inventory and marketing in advance, knowing that the revenue will follow.
A small business loan through The Belmont Franklin Group gives business owners access to short term financing, usually with one specific need in mind, to help you grow your existing business.
You get a lump sum of working capital that you pay back in regular installments, with a fixed fee. As the name suggests, there is a fixed term for paying off the loan (anything from 3 months to 24 months), and repayments can be made on a daily or weekly or monthly basis to suit your cash flow.
The loan amount, fixed fee and repayment schedule will depend on your needs and on the financial shape of your business.
Small business loans through The Belmont Franklin Group are ideal for bridging a gap or fluctuation in your cash flow, or for a one-off purchase of equipment or resources in order to capitalize on an opportunity or complete a big job. This is a great option when you need some up-front capital to keep your business on track or to take the next step, but you know that you’re going to have the funds in the near future to pay it back; for example, if you’re using the loan to cover payroll for additional staff just before your peak season.
As a small business owner, it can be frustrating when opportunities arise but you don’t have the capital to grab them with both hands, for example if you want to expand, diversify, or take advantage of a great marketing opportunity. Equally, an unexpected outlay can seriously tip the scales of your cash flow and have crippling consequences.
That’s where small business loans through The Belmont Franklin Group can make all the difference:
⦁ Quick access to up-front capital, right when you need it
⦁ Low-risk, because you’re preparing for an increase in cash flow
⦁ Regular, fixed payments over a set time period, so you can plan ahead and budget appropriately – no nasty surprises!
Yes, you may be able to get a merchant cash advance with bad credit if your business has strong cash flow. Alternative lenders like The Belmont Franklin Group have lower credit score requirements, typically starting around 550.
The Belmont Franklin Group requires three months of bank statements and other financial records.
Any business that accepts credit and debit card payments may benefit from a merchant cash advance, regardless of industry. Our team of knowledgeable Funding Advisors will work with you to assess your eligibility.
Every business is unique. It’s always best to speak with one of our Funding Advisors to review your circumstances and assess your eligibility. In general, we look for consistent revenue with minimum monthly receipts of $5,000+, and 6+ months in business. We know that credit scores don’t tell the whole story, so we also consider the overall growth potential of your business.
We do not restrict how you can use your merchant cash advance funding. We believe small business owners understand best what they need to do to grow their businesses, so while our team may provide some coaching, the final decision is yours.
A merchant cash advance does not have an interest rate because it is not technically a loan. An MCA is an advance against future sales. The cost of the advance is called a “factor rate”, and it varies based on each business.
