For most products, you need to have been running your existing business for at least 12 months and have a clean credit file for both the business and yourself.
You will also need to guarantee your business's obligations to us.
Based on your answers to the Questionnaire contained in Step 3, you will either be Pre-approved or we may require further information. We do this assessment at no obligation or cost to you.
Following this automatic assessment, you can decide to proceed with the application or request a call from a Representative.
You will know the result of our assessment within minutes of the application being completed.
Following approval, most of our products let you get started immediately.
We require you to sign and return documents and/or verify certain pieces of information; however you can often request finance immediately.
Once your account access is operational, we settle approved finance requests within as little as 48 hours.
The size of the facilities depends on the products you apply for, your circumstances and the information you supply.
For RMA and INSITE we offer $10,000 limits without the need for financials.
For SPARC and XLR8R we offer $25,000 limits without the need for financials.
Larger limits are assessed on merit once financial and other supporting information is provided.
There is no charge for obtaining a preliminary credit assessment based the Questionnaire in Step 3.
If you proceed:
- $220 Documentation Fee charged ONLY if we approve and document your facility.
- Establishment Fee of 1% of the Facility Limit charged ONLY if we approve and you accept the facility offer.
Occasionally we have promotions and incentives which may alter these amounts. Contact a representative for further details.
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