
Q. 1. What if I have been turned down for a business loan at my bank already?
A. Financial Advantage makes it easy to get an alternative business loan. Our non-traditional programs do not ask for the same documention your local bank does.
Q. 2. How do I know Financial Advantage Group is the type of company I want to work with?
A. Financial Advantage Group has an A- rating with the west Florida Better Business Bureau. Plus, we never require any out of pocket fees from our clients.
Q. 3. What are the chances of getting approved through Financial Advantage?
A. Since we work with a large number of direct funding sources, the percentage of approvals for our clients is among the highest in the industry! We are proud to say that our approval rate is 83%!
Q. 4. When can I get cash?
A. Typically is available within 72 hours or less after final approval.
Q. 5. How long the application process takes?
A. We have a fastest pre-qualification form in the industry. Apply now and in 24 hours you will know if you are approved!
Q. 6. Am I required to post a collateral?
A. Unlike traditional bank loans there is no collateral required.
Q. 7. How is repayment of made?
A. We offer many types of repayment from ACH out of business checking account to direct payments from your credit card processor.
Q. 8. What is reported to the personal credit agencies?
A. Unlike bank loans that can affect future borrowing, our financing that you receive is not reported to the personal credit agencies.
Q. 9. Can I stay with my current credit card processor?
A. Yes
Q. 10. Can I receive additional money before i pay back my first loan in full??
A. Yes, when the financing is down to 70%-50% of the original balance, your business can request additional funds.
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