The Process
Most applicants see offers within one business day. Here is exactly what happens between your application and the wire.
Step by Step
One application, a same-day review, offers side by side, then the wire. No stage of it is a black box.
Complete one short application and attach your three most recent business bank statements. That's the entire ask. Submitting an application does not affect your credit score.
What we look at: monthly revenue, time in business, industry, and existing obligations. What we don't need: business plans, projections, or collateral for most products.
A Steedmont funding advisor — a person, with a phone number you can call back — reviews your file, asks any clarifying questions, and identifies which products and lenders fit your revenue profile.
Files submitted before 2:00 PM ET are typically reviewed the same business day.
We package your file to the lenders most likely to approve it and present the resulting offers side by side: amount, total payback, schedule, and every fee — on one page. You choose, negotiate, or walk away.
You pay Steedmont nothing at this stage or any stage. Our compensation comes from the lender, only upon funding.
Accept an offer, sign electronically, and complete a short verification call with the lender. Funds are wired directly to your business bank account — in as fast as 24 hours from the day you first applied.
Funding speed depends on the product and how quickly documents come back. Same-week funding is the norm; same-day is common for working capital.
Questions, Answered
No. The initial application uses a soft inquiry, which does not affect your score. A hard inquiry occurs only if you accept an offer from a lender that requires one, and you'll know before that happens.
Businesses pay us nothing out of pocket. We're paid a commission by the funding provider when a deal funds. If you never fund, you never owe us anything.
Lower than most people expect: as little as three months in business and $5,000+ in monthly revenue for our startup-friendly programs, plus a business bank account. Stronger revenue and more time in business unlock larger funding and better pricing. Weaker credit is workable throughout.
Yes. Three months of deposits in a business account is enough to see real options. Pre-revenue businesses are the exception, since these programs are underwritten on deposits.
Your documents are used solely to obtain funding offers and are shared only with lenders considered for your file. We never sell application data.
All fifty. Certain states impose additional disclosure or registration requirements, which the lenders in our network and Steedmont comply with.
Ten minutes to apply. No obligation, no upfront fees, no credit impact.