Who Is Direct Advance?
Direct Advance is a small business financial services provider that has a strong trusted network of over 100 banks and private financial institutions that can provide you with the capital you are seeking to maintain & grow your business ASAP.
Am I obligated to accept the offer once I have been approved for financing?
No. There is no cost to apply and no obligation to accept.
have a low credit score. Can I still qualify?
Of course! At Direct Advance, we know that your credit score doesn’t always tell the whole story. That’s why our approvals are based on more than just your credit score. We look at the overall health and potential of your business.
If approved, how fast can I get the funds?
Upon approval, the funds leads by the Lender directly into your business account. Funding can be as fast as the next business day if approved by 5 P.M. ET, Monday through Friday (excluding bank holidays).
Will applying for funds impact my credit score?
Not at all. Our network of funding providers only makes a “soft inquiry,” which will have no lasting effect on your credit score or credit history.
How much working capital can I receive?
Direct Advance can help your businesses secure anywhere from $5,000 to $5 Million, as long as it qualifies.
What type of businesses can qualify for financing?
Our trusted network of financial working capital loan institutions will fund businesses in all industries, including high-risk industries, such as attorneys, dental practices, medical practices, automotive dealers, construction companies, restaurants, retailers, manufacturers, gas stations, dry cleaners, pharmacies, business services, and more!
Are there restrictions on the use of working capital funding?
No. We trust that small business owners know best how to use their funding, so we don’t restrict how you use your funds.
How long will it take to get an offer once I apply?
Your business can receive an offer for funding within 24-48 hours.
Approval for financing from one of our funding partners is based on more than just your credit score. We take into account the following criteria:
- Business revenue
- Cash flow
- Payment history
- Time in business