We're Sorry!
WE'RE ONLY ABLE TO FUND BUSINESSES AT LEAST 6 MONTHS OLD
MYSMALLBUSINESS.US
Frequently Asked Questions
All You Need to Know About Contractor Funding
What Are The Requirements?
Service Pro or Contractor Business Requirements:
- Operating for 6+ months
- $2,500+ monthly revenue
- Credit card processing (preferred)
*Each application is reviewed individually. We support your growth, not like traditional bank loans.
Do I Need Any Collateral?
No Collateral Needed!
Unsecured funding based on your contractor job sales or bank deposits.
Repay flexibly as a percentage of future transactions to fuel your growth.
How Fast Can I Get Funding?
5 Simple Steps to Funding:
- Submit Pre-Approval Form – 2 Minutes
- Get Pre-Approval Decision – Within Hours
- Submit Documents – ~15 Minutes
- Provider Authorization – ~1 Day
- Receive Funds via Bank Wire – 24-48 Hours
How Does Funding Work?
How MCAs Work:
Unlike banks or traditional lenders, merchant cash advances (MCAs) are not loans but purchases of future sales at a discount, repaid as a percentage of transactions. (*In CA, may be classified as loans.)
Who Gets Funded?
Many industries qualify, with physical businesses often funded fastest, including:
- Restaurants & Grocery Stores
- Medical/Health (Doctors, Dentists, Vets, Med Spas, Pharmacies, Optometry, Urgent Care)
- Hospitality (Hotels, Motels)
- Spas & Resorts
- Wholesale Distributors
- Manufacturing
- Trade Contractors (Plumbing, HVAC, Roofing, etc.)
- Auto Repair Shops
- Business Services (Financial Consulting, CPAs)
- Personal Services (Hair & Nail Salons)
- Retail Shops & Boutiques
- Select Online/Home-Based Businesses
- General Contractors
- Electricians
- Plumbers
- HVAC Technicians (Heating, Ventilation & Air Conditioning)
- Roofers
- Landscapers / Lawn Care Specialists
- Painters (Interior & Exterior)
- Flooring Installers (carpet, tile, hardwood)
- Masonry / Concrete Contractors
- Drywall Installers & Finishers
- Carpenters (custom woodwork, cabinetry, framing)
- Remodelers / Renovation Specialists
- Pest Control Services
- Fencing Contractors
- Garage Door Installers & Repair
- Window & Door Installers
- Siding Contractors
- Solar Panel Installers
- Tree Service / Arborists
- Pool & Spa Contractors
What’s The Cost?
MCAs don’t have interest rates but use a factor rate (typically 1.05-1.2).
Example: $100,000 funding at a 1.2 factor rate = $120,000 total repayment.
Repay flexibly as a percentage of your sales.
Will It Affect My Credit?
No hard credit pulls to check eligibility!
Submit basic business info to pre-qualify—free and fast, with a quick response.
If pre-approved, a soft credit pull (min. 500 FICO score) may be required.
What’s The Approval Process?
Fast and simple:
Most contractors pre-qualify in minutes based on revenue and performance. No lengthy bank applications or years of tax records—just recent transaction summaries.
Minimum Criteria:
- 500+ FICO Score
- $2,500-$5,000 Monthly Revenue
- 6 Monthly Deposit Statements
- 67% Ownership (Individual or Combined)
- Funding Range: $5,000-$5,000,000
- Repayments: Daily, Weekly, or Biweekly via ACH
- Term: 3-36 Months
- U.S. Business, U.S. Citizen Owner (Permanent Residents Eligible up to $50K)
- Credit Pull: Soft
