Frequently Asked Questions

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We've listed answers to the most popular questions here.

A business cash advance is a short term loan that doesn't include strict requirements which a traditional bank loan does. Business Loans based on sales volumn are much quicker, easier and convenient so owners and principles can address short term and immediate financial needs, like equipment purchases, acquisitions, or just in need of working capital.

There is a number of industries that typically meet approval easier, for which reasons we are not exactly certain. The industies which seem to perform well with small business loans are: Restaurants, Juice Bars, Coffee Shops, Retail Stores, Liquor Stores, Daycare Centers, Children Stores, Clothing Stores, Variety Stores, Hair and Beauty Salons, Optical Stores, Jewelry Stores, Automotive Repairs, Home Furniture, Equipment Stores, Taxi and Limo Services, Healthcare Industry, Windows and Installations, Electricians, Plumbing Services and Delivery Services.

Qualifying for a loan is simple. The basic requirements are:

  • Your business has a steady stream of revenue.
  • You can prove your revenue with bank or merchant statements.
  • You have an active bank account that allows for direct deposit and withdrawls.

To be approved for a cash advance, you must meet the basic requirements above. The specific lender you are matched with may have additional eligibility requirements based on its own approval criteria. Factors such as income, merchant statements, credit history and state of incorporation may affect the approval of your loan or the amount that you are approved for.

Qualified loan amounts can vary and are based on eligibility. Approved loan amounts can range between $2,500 to as much as $250,000 depending on your businesses situation and industry. Lenders may also take into account the performance of other loans by businesses which fit your classification.

Yes! Business Union Capital is partnered with lenders who specialize in lending to those with less than perfect credit. Unlike traditional lenders that only consider your credit score, we look at additional areas of your finances, including sales volume, income and other factors. Our lenders' flexibility allows for applicants with good, bad or even no credit to be approved for a loan as long as they meet the minimum eligibility qualifications of a steady source of income and an open bank account. However, if you are opting for an SBA Loan, please note that governmental requirements are generally much stricter.

If your application has been approved, Business Union Capital will direct you to your lender's agreement page where you can review and electronically accept different rates and repayment terms. You will receive this notification generally by email confirmation with a direct link to the loan agreement page.

Once your application is approved and you've electronically signed for your loan, funds are directly deposited into the borrower's checking account. Deposit times may vary based on your businesses eligibility. Funds usually are deposited into your bank account by the next business day.

Cost of borrowing varies and is based on a borrower's eligibility for a loan. Upon approval for a loan, rate and repayment terms are presented to you. Remember, no loan is issued unless the borrower electronically accepts the rate and repayment terms.

Your loan is typically due on a daily, weekly, and in some scenarios, monthly basis. However, some lenders will allow for custom repayment options for a fee. Please contact your lender directly if you have repayment questions or for early termination options. If you have received and are using a business line of credit, generally there are no early termination fees. Check with your lender to see what type of loan you are using and whether or not, early termination fees apply.

Business Union Capital is a loan matching service provider, not a direct lender. The lender you are matched with has its own policies regarding late payments. These policies can be reviewed within the lender's terms and conditions before accepting a loan. If you are unable to make a payment on time, please contact your lender directly to discuss an alternative payment schedule.

Yes. Business Union Capital utilizes industry standard security protocol and enhanced data encryption technology to ensure that your information is 100% safe and secure on this site. Additionally, once your information is delivered to the lender, that information typically secured by similar means.

Although we recommend that you complete the online application for the quickest and most favorable results, you can also call us at the number on the bottom of the website during normal business hours to apply by telephone.

Prospective Lenders: Alliant Credit Union, Ally Bank, American Express National Bank, Avant Loans, Bank5 Connect, Bank7, Bank of America, Barclays Lending, BBVA Compass Bank, Best Egg, Biz2Credit, BlueVine Capital Inc., BNC Bank, BofI Federal Bank, Capital One Financial Corporation, Chase, CIT Bank, Citizens Bank, Citibank, Consumers Credit Union, Credibility Capital Inc., DealStruck, Discover, First State Bank, Forward Line, FreedomPlus, Fundbox, Funding Circle, iLoan, JP Morgan, Kabbage, Inc., LendingTree, LendingClub, LendingPoint, LightStream, Marcus by Goldman Sachs, Mariner Finance, Marlette Funding LLC., NBKC Bank, On Deck Capital, One Main Financial, Payoff, Inc., PayPal Working Capital, Prosper Marketplace, Inc., Pioneer Credit Company, Quarter Spot, RapidAdvance, Reliant Funding, RocketLoans, RTS Financial, SmartBiz Loans, SnapCap, Sofi, Square Capital, Suntrust, Swift Capital, TD Bank, TIAA Commercial Finance, Triumph Business Capital, Upstart, U.S. Bank and Wells Fargo.