Frequently Asked Questions
Is your company a direct lender?
No, we are not lenders. We have relationships and agreements with hundreds of different investors and lenders to assist you in making an educated decision on obtaining funds for your business. We advise on the products and options available, from there you make a decision to go with the loan that best fits your business needs. All payments will be made directly to the investors and lenders on the terms agreed upon.
I don't have my business started yet, can you offer advice for someone like me?
Yes, we offer advice and guidance to those who wish to start up a business. We help you to develop a step by step plan to make your business a reality. Once your business is up and running, our consultants offer further assistance with where to obtain funding, how to build a website, and how to identify the best sales and marketing channels for your business.
What can you use Unsecured Business Credit Lines For?
The unsecured business credit lines can be used for anything, but are effectively used to overcome short term capital requirements, which we define as a 0-18 month payback period. Marketing campaigns, aggressive expansion, and flipping real estate are the most common uses of unsecured business credit lines by our clients.
Do I need to provide any personal or business income verification?
That depends. There are programs to benefit both startup businesses, and established profitable businesses. If your business cannot presently show income, there are stated income products available to quickly grow your business into a profitable powerhouse. If your business has already experienced growth and profit, there are full doc products totaling over $250,000, allowing your business to leverage additional unsecured funds to continue expansion.
My business is just starting up; can I still receive unsecured business credit?
Absolutely! There are products available specifically for Start-Up companies. If your company has been in business for less than two (2) years, you may still qualify for up to $150,000 in unsecured business capital with our investors and lenders.
Will the Unsecured Business Credit Lines report to the personal credit bureaus (Transunion, Equifax, and Experian)?
Never! Infinite Business Funding guarantees that all business credit lines you acquire through our investors and funders with the advice and guidance of our consultants, will not report to the personal credit bureaus, unless you begin missing payments and default. You may draw on the entire balance of these lines without fear of bringing down your personal credit scores!
I have great credit, why shouldn’t I just go to my bank to get a credit line?
There are two major reasons why our funding assistance program with our investors and lenders is superior to typical banks (1) Many lenders report business credit lines to the personal credit bureaus. This means that when you draw on the balance of the line, your personal credit can drop anywhere from 20-100 points overnight! (2) We have contacts with hundreds of lenders and investors, each with unique lending trends, allowing us to strategically plan and optimize your financing mix so that you receive the most capital, with the lowest interest rate, as quickly as possible. (3) We also help to remove any inquiries you receive from working with our program.
If my personal credit isn’t great, can I find a co-signer?
Yes, our investors and lenders accept co-signers. If you have someone with better credit who wishes to personally guarantee your business line of credit. Our expert advisors will help you take the steps so that you are able to use them to acquire capital for your business.