BizFund

BizFund provides your business with short-term business advances for a period of 3 to 12 months.

BizFund caters to small and medium businesses across all industries nationwide, requiring at least 6 months of operating history and a minimum monthly revenue of $10,000.

To qualify for a loan from BizFund, you need to meet the following requirements: 1. Have a minimum of 6 months in business. 2. Maintain gross monthly revenues greater than $15,000 for four consecutive months. 3. Possess a credit score over 500.

If approved, assuming you have provided the required documents to your MFS (Merchant funder specialist) your business will be funded within 8-24 hours.

BizFund takes a different look at credit history when compared to traditional bank lenders; they focus their attention on your more recent business transactions and overall performance. This relevant information influences your funding eligibility, not simply your credit.

BizFund clients often utilize their funding to overcome temporary cash flow challenges, invest in new equipment, or make time-sensitive inventory purchases.

With a straightforward online application and just 4 months' bank statements, you can receive an offer in as little as 4 hours.

Even with a less than stellar credit score, BizFund will carefully assess your files and prioritize your current business performance to determine the funds available to you.

The key distinction lies in the repayment amount and term, with MCAs offering lower repayment amounts and shorter terms.

Some advantages of merchant cash advances' is the repayment schedule. Unlike traditional loans, BizFund’s merchant funds are repaid based in part on your sales, providing repayment that is affordable to you.