Frequently Asked Questions
Get instant answers to all your funding questions. From eligibility requirements to application processes, we've got you covered with detailed explanations and expert insights.
What credit score do I need to qualify?
Credit requirements vary significantly by program, and we work with businesses across the credit spectrum:
- 0% Interest Programs: Minimum 550 credit score
- Revenue-Based Financing: Minimum 600 credit score
- SBA Loans: Minimum 650 credit score preferred
- Credit Building: Any credit score accepted
We also consider revenue, time in business, cash flow, and industry when making decisions.
How long must my business be operating?
Time in business requirements depend on the funding program:
We also have specialized programs for newer businesses and startups with strong revenue potential.
How fast can I get approved and funded?
Our approval and funding times are industry-leading:
Times may vary based on completeness of application and verification requirements.
Do you require collateral or personal guarantees?
Collateral and guarantee requirements vary by program and loan amount:
We always aim to minimize personal risk while providing maximum funding access.
Is there really 0% interest on some programs?
Yes! Our 0% interest programs are legitimate business funding solutions with no ongoing interest charges:
- • No monthly interest charges
- • Fixed repayment amount
- • Transparent fee structure
- • No hidden costs or rate increases
Important Details:
- There may be a one-time origination fee (typically 2-5% of loan amount)
- Administrative fees may apply for processing and documentation
- All fees are disclosed upfront before signing
What documents do I need to apply?
Required documents vary by program, but here's what you'll typically need:
- • Government-issued ID (driver's license or passport)
- • 3 months of business bank statements
- • Business license or registration documents
- • EIN (Employer Identification Number)
- • 2 years of tax returns (business & personal)
- • Profit & loss statements
- • Balance sheet
- • Accounts receivable aging report
- • Business plan or expansion plan
- • Personal financial statements
- • Equipment quotes or purchase agreements
- • Lease agreements
Our team will provide a customized document checklist based on your specific program and loan amount.
How does revenue-based financing work?
Revenue-based financing aligns our success with yours through flexible repayment:
You pay a fixed percentage (typically 2-5%) of your monthly revenue until you've repaid the principal plus a predetermined fee.
- • Payments adjust automatically with your cash flow
- • No fixed monthly payments to stress about
- • Perfect for seasonal or fluctuating businesses
- • We succeed only when your business succeeds
This model is especially popular with e-commerce, restaurants, and service businesses with variable revenue.
What can I use the funding for?
Our funding can be used for a wide variety of legitimate business purposes:
- • Purchase inventory for seasonal demand
- • Buy or lease new equipment
- • Upgrade technology systems
- • Digital marketing campaigns
- • Trade shows and events
- • Website development
- • Cover payroll during slow periods
- • Hire additional staff
- • Cover operating expenses
- • Open new locations
- • Purchase commercial real estate
- • Renovate existing facilities
Funds cannot be used for personal expenses, paying existing debt to Micro Capital Group, illegal activities, or speculative investments.
Our team will discuss approved uses during the application process and help ensure compliance.
Can I get same-day funding?
Yes! Same-day funding is available for qualifying applications:
- Application submitted before 2 PM EST
- All required documents provided
- Bank account verified and ACH-enabled
- Loan amount under $100K
For larger amounts or complex applications, funding typically occurs within 1-3 business days.
What's the minimum revenue requirement?
Revenue requirements vary by program and are designed to ensure successful repayment:
- • We look at average revenue over 3-6 months
- • Seasonal businesses are evaluated differently
- • Growth trends can offset lower current revenue
- • Multiple revenue streams are considered
Funding Calculator
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Rates shown are estimates. Actual rates may vary based on creditworthiness and other factors.
Still have questions? Talk to a specialist.
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Additional Resources
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Funding Guide
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