Small Business Loan Application Process
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What information do I need to apply?
In most cases we only require basic information about yourself and your business, such as:
- Social Security number of business owner(s).
- Business Tax ID.
- Last three months of business bank statements.
- Business start date.
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Will I qualify for funding?
To qualify for funding, your business should have the following characteristics:
- Minimum three months in business.
- Minimum of $80,000 in annual revenue.
- Business checking account.
- Minimum 500 personal FICO score of the business owner.
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Is there any obligation if I apply?
No. If you apply for funding with Capixa, there is no obligation to accept your funding offer.
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Can I get funding to start a new business?
No, due to the inherent risk, most of our programs do not offer funding for this purpose
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Can I apply for funding if my business is not based in the United States?
No. At Capixa, we only work with businesses that are based in the United States and owned by a U.S citizen or permanent resident. If you are unsure about your eligibility status, please contact us.
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How quickly can I get my funds?
- Funds can be available on the same day in many cases!
- Our application process takes only a few minutes to complete, and you’ll hear from us within an hour to answer any questions you have and collect the required documents. Once we have everything, we’ll get back to you with your options in as little as one business day.
- After accepting the terms of the offer, the money is sent electronically to your designated business bank account.
- To expedite this process and save you time, we collect your bank account information during the application process with your account manager.
- You will receive a confirmation email as soon as the funds are transferred to your account.
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Does Capixa charge an application fee?
There are no fees for applying with Capixa. Your application and your discussions with your dedicated account managers are absolutely free. Any costs associated with the acceptance of your funding will be clearly detailed when you are reviewing and considering your offer.
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How Can I Get the Best Rate?
Securing an affordable rate will reduce the cost of capital on your funding agreement.
- The first step toward securing the optimum cost of capital is to determine how much capital you need.
- Borrowing too much can increase the cost of repayment and borrowing too little can leave you with getting even more expensive capital in the future.
- To avoid both of those scenarios, our dedicated account managers will walk you through your options and compare your offers to help you choose the option that best fits your needs and budget.