Frequently asked questions to application process -

Frequently Asked Questions

Application process

How do I apply?

The application process is fast, simple and secure. Just fill out our easy 5 minute form and one of our funding experts will contact you.

Is the process difficult?

We know it can be intimidating and often times confusing figuring out how to apply for business capital. We strive to take the confusion out of the process. One of our funding experts will walk you through the simple steps required for qualification, explain option and offers, and facilitate your application through funding.

What does it cost to apply?

Our application process has no cost.

What information will I need to provide?

JBFC has a list we request from the beginning so the process of funding is faster for the client. Once a client is contacted it and given a brief explanation of the process we send an email with the documentation require.

How long will it take to receive my funds?

Funding will usually take place within 1-3 business days after being approved.

Basic Requirements

What are the basic requirements?

Requirements may vary on each lender. That’s why in JB Finance Capital we evaluate the client before submitting them to a specific lender. For example in some of our programs, you only need to be in business for a minimum of 3 months, earn at least $5,000 in gross monthly revenue, and have a minimum credit score of 550. Contact a funding expert to discuss your unique situation and find out what options are available to you.

Are there any state restrictions?

Yes. We don’t fund in the state of California, and we have a limited program for the state of New Jersey.

Is personal collateral required?

No, personal collateral is not a requirement in the majority of our programs unless you are applying for a personal loan and you’re requested to have it.

Will a past bankruptcy hurt my chances?

As long as you are not actively in an open bankruptcy case, a past closed bankruptcy is rarely a problem. We have multiple partners that won’t turn you down for a bankruptcy.

Can I pay back the loan early?

Yes. Most programs have no early payment penalties of any sort. In fact, some will even offer reduced payment amounts if the advance is paid early.

Do the lenders take my personal credit score into consideration?

Yes, while personal credit is a part of the typical underwriting process, other factors such as the strength of your business are very important. We have a variety of funders including those that work with those who have personal credit challenges.

Funding Programs

Do you offer start-up business financing?

Our programs require at least 3 months of time in business and at least $5,000 in gross revenues per month. If you are a start-up business that meets these pre-requisites, contact one of our funding experts to go over the options available.

How long will I have to pay?

Our funders have many different programs and term lengths. The majority of these programs are repaid within 6-48 months.

How much funding can I get?

Most funding programs typically range from $5,000 to $5,000,000+. The amount you are approved for will depend on many factors. The funders will look at your business and unique situation. Contact one of our funding experts to see how much funding is available to you.

How can I use the working capital?

Most businesses use the working capital to purchase inventory, cover payroll, pay taxes, or expand their business. The truth is, you can use the money for any purposes that will help you grow your business.

Fees

How are the loans paid?

The payment schedule depends on the program you were qualified for, they go from daily ACH, weekly ACH and monthly ACH drawn from your business checking account.

What type of rate or fees should be expected?

The rates and fees charged by our funding partners will vary based on multiple factors. Things like past earnings, time in business, and your industry will all play a part. Some are based on a flat fee on the amount funded, some are based on a factor rate. One of our funding experts will walk you through our application process and get you a no-obligation offer(s) within hours.

Does JB FINANCE CAPITAL has a fee service?

Yes, JBFC have a professional service fee ONLY once you have been funded.

What makes JB FINANCE CAPITAL different?

We approach each client with a unique and personal touch unlike most others. The strong relationships we have built over the years with funders across the country ensure you will receive quality offers with great rates and terms. JB Finance Capital strives to build a long-lasting relationship with each and every client we work with. Let us take the leg work out of the process so you can focus on what you do best, take care of your business.