Business Funding FAQ | Common Questions Answered | Big D's Funding

Question 1

How much funding could my business qualify for?

Accepted Answer

Funding amounts vary based on a number of factors including your business revenue, time in business, cash flow, and the specific funding option. Businesses may be able to access anywhere from $10,000 to $250,000 or more depending on their qualifications and the funding provider. There is no way to guarantee a specific amount without reviewing your business information.

Question 2

How quickly can business funding be completed?

Accepted Answer

Timing varies depending on the funding option, the funding provider, and how quickly required documentation is completed. For qualified businesses, some funding options may be completed relatively quickly after approval and acceptance. We cannot guarantee specific timelines, as they depend on factors outside our control.

Question 3

What information will I need?

Accepted Answer

To get started, you will need basic information about your business including your business name, contact information, monthly revenue, time in business, and the amount of funding you are looking for. Depending on the funding option, additional documentation such as bank statements or business financials may be required during the underwriting process.

Question 4

Does personal credit matter?

Accepted Answer

Credit considerations vary depending on the funding option and the funding provider. Some funding options place more emphasis on business revenue and cash flow than personal credit history. The best way to find out what your business may qualify for is to submit your information and let us review available options.

Question 5

How long does my business need to be operating?

Accepted Answer

Time in business is one of the factors considered during underwriting. Requirements vary by funding option and provider. Generally, businesses that have been operating for at least several months may have more options available to them. Submitting your information is the best way to find out what may be available for your specific situation.

Question 6

What can I use business funding for?

Accepted Answer

Business funding may be used for a wide range of legitimate business purposes including working capital, inventory, equipment, payroll, marketing, renovations, expansion, seasonal expenses, and unexpected business expenses. Specific use restrictions may vary depending on the funding option and provider.

Question 7

Will applying guarantee approval?

Accepted Answer

No. Submitting your information does not guarantee approval or any specific funding amount. All funding is subject to approval and underwriting by the applicable funding provider. We will work to identify options that may be a fit for your business, but we cannot guarantee any specific outcome.

Question 8

What happens after I submit my information?

Accepted Answer

After you submit your information, we will review it and work to identify available funding options that may fit your business. We will be in touch to discuss available options and next steps. There is no obligation to accept any offer — you can review available terms and decide what works best for your business.

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