• You have owned your business for at least 11 months

You have at least $3,000 in monthly Visa/MasterCard sales

What if I don’t qualify?
You may still have options through EZ Business Loans.  We partner with a network of lenders who specialize in various types of loans.  If we can’t help you, we may have a partner who can. 

How do I apply?
Click here to fill out our 3-minute application or call 1-877-310-2400.

How much am I eligible to borrow?
The amount you can borrow will depend on a number of factors including your Visa/MasterCard sales volume, your type of business, and how long you’ve been in business.  Once we receive your initial loan application we will give you a full quote taking these factors into account.  The maximum we typically can lend is about 1.5 x your monthly Visa/MasterCard sales average.

What is the length of the loan?
The length of the loan can vary from 6 to 12 months.

Is there an application fee?<return to top>
No.  The application is quick, easy, and absolutely free.

How does the application work? <return to top>
Pre-qualified applicants can get approved in as little as 48 hours. 

Once we receive your merchant account statements, we’ll give you a full loan quote and a quote for your merchant account rates. 

How does the loan work?<return to top>
EZ Business Loans sets up your merchant account and thoroughly tests it to make sure it’s working properly.  Then we fund the loan on the same day via ACH to your specified bank account.

How does the payback work?<return to top>
When you batch your Visa/MasterCard sales, is paid a percentage based on the loan agreement.  You never write a check or deal with late fees.

Do I need to transfer my merchant account?<return to top>
Yes.  We use a nationally recognized merchant services provider that supports all major POS terminal brands.  We will help you through the simple process of transferring your merchant account and we will typically be able to meet or beat your existing processing rates.

How is my merchant account transferred?<return to top>
Our merchant services team will prepare all the paperwork and guide you through this simple process.  It usually takes just a few minutes.

What is the percentage of Visa/MasterCard sales that are held back?<return to top>
The percentage is determined by your monthly Visa/MasterCard volume, how much you borrow, how long your payback period is, and your interest cost.  We’ll give you the projected hold back percentage during the initial call.  We’ll also give you a full quote in writing prior to signing your loan documents to make sure you understand exactly what percentage is held back.

Do you have an in-house merchant services team?<return to top>
Yes.  Every member of the EZ Business Loans merchant services team has at least 5 years of industry experience.  And when you fund your loan with us, you get a dedicated service member for the life of your account.

How long will it take to get me approved?<return to top>
Approval typically takes about 2 business days.

How long will it take to fund my loan?<return to top>
Funding can happen in as little as 7 business days.

How can I speed up the loan process?<return to top>
There are a few things you can do to move the process along faster:

• Fax your last 6 months of merchant account statements to 810-828-5907 immediately after applying

Return your signed documentation the day you receive it

What interest rate do you charge?<return to top>
You must fill out an application to get an interest quote.  The interest cost depends on your industry, time in business, the percentage of your monthly Visa/MasterCard volume borrowed, and how long your payback period is.

How much does my personal credit matter? <return to top>
We’ll review each credit profile individually before making any decisions.  We’re not FICO score driven but we will review your personal credit to evaluate your credit history. 

How is the loan repaid?<return to top>
The loan is repaid when you batch your Visa/MasterCard sales.  There are no checks to send or due dates to remember.

What is factoring? How does it work?<return to top>
Factoring is the purchase of accounts receivable for immediate cash. Once you have delivered a product or performed a service for a creditworthy corporation or institution, contact us prior to sending your invoice to your customer. We will confirm with your customer that the work has been completed or the goods delivered and accepted, we will advance you up to 70% (up to 60% for the construction industry) of the face value of the invoice amount in cash. When your customer pays us, you will receive the balance less our discount.

Do I need accounts receivable financing? <return to top>
Yes...if you are a new business. YES...if you are a business that can't get traditional financing, such as a small or medium size business or a minority or woman owned business. YES...if you need additional operating capital. YES...if you want to solve your cash flow problems.

How do I qualify? <return to top>
We base our credit decision on the strength of your customers, not you. It's easy to qualify if you meet the following criteria: Your customer must be another (creditworthy) business. Your invoice must be a valid one for goods sold and delivered or services rendered...to your customer's satisfaction. We will verify each invoice with your customer.

What does it cost? <return to top>
The discount fee starts at 4% and is determined by the number of days that elapse from the day we advance funds to you until the day we are paid back by your customer. And, we earn our fee only after we have collected payment on an invoice..not before.

How will I know which invoices are paid and which are not? <return to top>
You will have your own account executive at our office, whom you can call at any time for updated information. Just request an "Aging Schedule" which will show you which invoices have been paid and which remain open.

How fast can I get money? <return to top>
In many states it takes as little as one week (or less) to get on-line. Once on-line, we can fund your invoices within 24 hours (once we receive verification of your invoices).

How do I get started? <return to top>
In order to get you on-line, submit your Accounts Receivable Aging Schedule as well as a customer list. Once we analyze your receivables and express an interest in proceeding with your funding, we need you to fill out a 2-page application as well as a copy of your Certificate of Incorporation and a $750 check made payable to EZ. in order to do lien searches, etc. It's that simple!

What do I need to get started for a $70,000 lease?<return to top>
A signed and completed quick application. We can get approvals for up to $75,000 by application only, based on personal credit or business credit.

Do you do leases for "start-up" companies?<return to top>
Yes!

Who owns the leased equipment?<return to top>
The lessor, is the owner of leased equipment until you choose to purchase the equipment at end of lease term.

What is considered a "start-up"?<return to top>
Any business that is less than two years old.

Are there any down payments required at the beginning of a lease?<return to top>
The first and last payment is usually required, plus any documentation fee's.

What is the best rate our business can get for a $300,000 lease?<return to top>
Dependent upon market conditions, the range can be around 8% with excellent credit.

What are the tax advantages of leasing?<return to top>
In some instances you can write off the monthly lease payment as an operating expense, depending on the structure of the lease. In other instances, you can take the equipment as a depreciation expense. Because everyone business handles their tax preparation differently, we encourage you to speak with your accountant regarding the specific benefits for your business or organization.

When does the lease start?<return to top>
When you have verbally accepted that the equipment you ordered has been received and is in good working order along with the signing of the Delivery and Acceptance document.

What factors are used to determine credit worthiness of the business?<return to top>
The length of time in business, references from bank and trades, Dunn & Bradstreet and credit bureau ratings.

How is a lease structured?<return to top>
A lease is flexible and can be tailored to your business needs. Lease terms range from one to seven years.
Payment schedules can be fixed or timed to fit your needs. The most common is equal monthly payments.