Question 1

How is Loan Pros different from going to a single bank or lender?

Accepted Answer

Traditional banks usually offer a small set of products with one set of rules. Loan Pros works as a funding partner with access to a large network of business lenders. Your advisor can compare multiple programs—term loans, lines of credit, equipment financing, revenue-based funding and more— to help you find what fits your situation instead of forcing you into a one-size-fits-all product.

To see examples of the programs we work with, visit our Funding Options page.

Question 2

Do I need perfect credit to qualify for funding?

Accepted Answer

No. Many of our top programs have no minimum FICO requirement. Lenders also look at your time in business, monthly revenue, cash flow and industry when reviewing your application.

Question 3

How fast can I get approved and funded?

Accepted Answer

Many businesses receive initial approvals within 24 to 48 hours once documentation is complete, and some programs can fund shortly after that. Exact timing depends on the type of funding, how quickly documents are provided and lender review.

Question 4

Will checking my options hurt my credit score?

Accepted Answer

The initial step to see your funding options is designed to be quick and low-friction. You can review potential programs and directions before deciding how you would like to proceed with a lender.

Question 5

What types of funding can I access through Loan Pros?

Accepted Answer

Loan Pros helps business owners explore a range of commercial funding options, including small business term loans, business lines of credit, equipment financing, revenue-based working capital or merchant cash advances, SBA loan programs and real estate or fix-and-flip funding options.

Question 6

What can I use the funds for?

Accepted Answer

Most business funding programs are flexible and may allow you to use capital for working capital and cash flow management, buying equipment or vehicles, inventory and supplies, marketing and advertising, hiring or covering payroll and opening a new location or adding a new service line. Your advisor can clarify any restrictions based on the specific lender program.

Question 7

Do you offer personal loans or consumer financing?

Accepted Answer

No. Loan Pros focuses on business and commercial funding only. Your business should either be operating or in the process of getting set up, and funds are intended for business purposes—not personal use.

Question 8

What information do I need to get started?

Accepted Answer

To get the ball rolling, most business owners start with basic business details such as name, address, industry and time in business, estimated monthly revenue and contact information. As you move forward, lenders may request recent business bank statements and standard identification documents.

Question 9

How much can my business qualify for?

Accepted Answer

Approval amounts depend on your monthly revenue, time in business, existing obligations, industry and program type. Some businesses qualify for smaller working capital advances, while others may be eligible for larger, longer-term financing. Your Loan Pros advisor will help you understand realistic ranges before you commit to any offer.

Question 10

How does Loan Pros get compensated?

Accepted Answer

Loan Pros works as a funding partner and advisor. In many cases, compensation comes from the lender when a deal is completed, similar to how brokers are paid in other industries. Your advisor can explain how compensation works for any program you are considering so you can make an informed decision.

Question 11

What if I’m not sure which type of funding is right for me?

Accepted Answer

That’s exactly what your Loan Pros advisor is here for. Together, you’ll look at how quickly you need funds, your monthly cash flow and seasonality, and whether you prefer flexibility, lowest payment or lowest total cost. You can also review the Smart Biz Funding Guide and the Bad Credit Guide before you apply.

Question 12

How do I get started with Loan Pros?

Accepted Answer

You can begin in two ways: fast track by completing the quick online application to see your options, or reach out on the Contact page and an advisor will follow up to talk through your goals and timelines.

Loan Pros Business Funding FAQ

Frequently Asked Questions

Ready to turn answers into real funding options?