Frequently Asked Questions
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How long does it take to get approval for business financing?

With Reliant Funding, getting fast business cash is exactly that – fast. Most of our clients are approved within a few business hours. Funding is typically delivered directly the next day.

How much business cash can I obtain?

At Reliant Funding, we know businesses are NOT one size fits all. We work with many financial partners to create a variety of customizable financing options. Based on your needs and finances, we will work together to find a number and plan that works best for your business when you call us at 877-850-0998.

Does it cost anything to apply or get approved for financing?

There is absolutely NO cost to apply or get approved for small business funding.

Will I qualify?

Over 70% of our business financing applications are approved, compared to banks that only approve 30% of small business loans. You likely qualify for our financial funding if your business:

  • Has been owned by you for at least one year. (Some exceptions possible for 7 to 11 months.
  • Brings in at least $100,000 in sales per year (or about $10,000 a month).
  • Has no open bankruptcies.
When would I not qualify?

We are passionate about connecting with businesses and helping them expand through business funding. However, to offer such easy, simple business financing, there are times we cannot approve at the moment. For example, a business may not be approved for funding if:

  • The business has been open less than 7 months.
  • The business has an open bankruptcy.
  • There is a negative landlord reference. (Do not worry if you have a positive landlord reference and are behind on rent; if it’s good, that’s no problem.)
  • There are significant judgements and/or liens without a payment plan.
Will my credit history be reviewed?

As part of the qualification process, we will look at credit history, but don’t panic. Whereas traditional small business loans from banks focus on credit history, it is not our primary decision tool for pricing or financing approval.

Only for our Premium Programs does a business owner’s credit history have a larger impact.

Would I, the business owner, have to pledge collateral or a personally guarantee for the loan?

Most clients do NOT need a personal guarantee, pledged assets or pledged collateral. There are some exceptions; you can discuss this with your Reliant funding specialist. Ask this question and any others you may have by giving us a call at 877-850-0998

Are there limits on how I can use my small business financing?

No. Once you are granted a small business loan, you are free to allocate the money where and how your business needs it most. After all, it’s your business; you know it best.

How long does it take to get approval for business financing?

With Reliant Funding, getting a quick merchant cash advance truly is quick. Most businesses receive approval within a few business hours. Funding is typically delivered directly the next day.

How do I, if approved, pay back my Reliant Funding merchant cash advance

There is no need to go through the anxious process of submitting monthly checks. Instead, you can simply pay back your fast merchant cash advance in one of two ways:

  1. We can collect our mutually agreed upon payment using a fixed percentage of daily sales made via credit card.

OR

  1. We can agree upon a pre-scheduled Automated Clearing House (bank-to-bank transfer) withdrawal from your business account.

We invite you to choose which option works best for your needs.

How much does it cost to get a merchant cash advance?

At Reliant Funding, we want financing to be affordable. That’s why there are no compounding fees or accruing interest.

Based on your unique business, situation and needs, we will work together to determine a specific, fixed cost. This means no add on fees or sneaky interest later. We want to make sure we get your full approval and confirmation on a set price, answering all questions before signing any papers. To learn more or ask such questions now, just give us a call at 877-850-0998.

Does it cost anything to apply or get approved for financing?

There is absolutely NO cost to applying or getting approved for business funding.

Will I qualify?

We are not as strict as traditional bank lending. You probably qualify for a merchant advance cash if:

  • You’ve been in business for at least one year.
  • The business brings in at least $10,000 in sales per month.
  • You have no open bankruptcies.
When would I not qualify?

We are passionate about connecting with businesses and helping them expand through business funding, however, to offer such easy, simple business financing, there are times we cannot approve at the moment. For example, a business may not be approved for funding if:

  • The business has been open less than 7 months.
  • The business has an open bankruptcy.
  • There is a negative landlord reference. (Do not worry if you have a positive landlord reference and are behind on rent; if it’s good, that’s no problem.)
  • There are significant judgments and/or liens without a payment plan.
How Often Can I Get Business Funding?

If you are in good standing and have paid 50% of the original balance you owe on an advance, we typically can provide additional funds as requested.

I need to pay off another debt. Can I use a Reliant Funding loan to refinance or pay off another debt?

Yes; Reliant Funding financing can be used to pay off other obligations as long as the business owner is still able to net at least 50% of the proceeds themselves. Concerned about this? Your personal funding specialist will be able to help; just give us a call at 877-850-0998 to discuss further.

Will my credit history be reviewed?

As part of the qualification process, yes, we will look at credit history, but don’t panic. Whereas traditional small business loans from banks heavily focus on credit history, it is not our primary decision tool for pricing or financing approval.

Only our Premium Programs put a larger focus on a business owner’s credit history.

Would I, the business owner, have to pledge collateral or a personal guarantee for the loan?

Most of clients do NOT need a personal guarantee, pledged assets or pledged collateral. There are some exceptions; you can discuss this with the trained funding specialist who will be assigned to you. Ask this question and any others you may have by giving us a call at 877-850-0998.

Are there limits on how I can use my cash advance?

NO. Once you are granted a merchant cash advance, you are free to allocate the money where and how your business needs it most. After all, it’s your business.

I’m looking to lease equipment. What types can I lease?

With Reliant Funding, you can lease any new or used equipment needed for your business to grow, such as:

  • New or used equipment
  • Software
  • Computers
  • Work vehicles
  • Office furniture
  • Fixtures
  • POS system

Note: Reliant Funding financing cannot be used for a disposable or consumable item and it may not be resold.

How long does it take to get equipment financing?

After our fast and easy application process, underwriting time on equipment financing can take up to one month. This is a standard lease and you should expect the standard turnaround time. It typically takes 3 to 5 business days after signing the lease papers to get your funds.

Are there penalties for paying off a lease early?

Definitely not. At Reliant, we ensure there are no such penalties. You can pay off your lease at any time throughout the lease period.

How much does it cost to get an equipment lease?

Each equipment lease is catered to you and your business because we know every situation is different. Some factors include the type of equipment to lease and credit rating. (Don’t panic if you don’t have the best credit history; this is not the main factor).

Your personal funding specialist will be able to help discuss further and answer any questions. Once they learn about your business needs, they can provide custom options. Give us a call now at 877-850-0998 to learn more.

How will an equipment lease affect my personal credit?

Great news; your credit will not be affected. Receiving leasing help through Reliant, there is no trade line on your personal credit – keeping it squeaky clean, unlike a traditional bank loan that negatively impacts your credit.

Does leasing offer tax benefits?

Some leases do offer tax advantages. Your tax adviser or an funding specialist here at Reliant can better help you answer that. To chat with one of our team members now, just call us at 877-850-0998.

Can I buy equipment from multiple vendors on one lease?

Of course; we happily encourage businesses to work with the different vendors that can offer them the best solutions and products. With this equipment purchase, you can also finance, if needed for equipment purchasing:

  • Training
  • Delivery
  • Installation
Can I purchase used equipment from a private party?

You cannot for most types of equipment, however, an equipment lease may be used on titled vehicles.

When should I be interested in a Premium Program vs. other programs?

Depending on your business situation, you may qualify for our Premium Program. Just ask your Reliant funding specialist to describe what you’re eligible to consider. Give us a call at 877-850-0998 to talk about your options.

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From our team


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