At BF Advance our goal is to leave you with the most pleasant and satisfying experience you have ever had when applying for any type of business loan. We will walk you through the entire process and "hold your hand" every step of the way.
Listed below is a detailed Step By Step listing of the entire funding process from start to finish. We value your business and sincerely hope you find these details useful and informative.
Complete the official funding application and forward back to us via fax, email or over the web through our website.
After receiving your completed application along with the minimal requested documentation, we will submit your file to our underwriting department for an exact approved dollar amount. (Usually we will be able to approve between 1-2 times your average monthly credit card sales)
Your BFA sales agent will contact you within 48 hrs with several approved dollar amounts from which to choose.
After you have selected the dollar amount you wish, we will forward the funding contracts as well as the merchant processing paperwork via fax or email for you to initial and sign. (Please note, we may require additional documentation and will advise you if more documentation is needed)
A site inspection will be set up by our underwriters and a representative will visit your location to verify the information we have obtained .Additionally several photographs might be taken to forward to our funding department for our files. This visit should last no more than 10-15 minutes.
Upon receipt of your initialed and signed contracts we will set up the “boarding” of your credit card terminal. This will allow us the ability to deduct the agreed upon withhold percentage from your daily credit card batches. There is no need to change your existing credit card terminal .This process should take between 10-15 minutes so it is best to schedule the switch for the morning before you open or in the evening after you close.
After your terminal has been uploaded to our platform and you have successfully batched 3 separate times within the normal course of business, you will receive a final funding call verifying the dollar amount being wired into your account.
Upon your verbal verification the funds will be immediately wired directly into your business checking account. The entire process should take approximately 7days so it is important that you forward any requested documents to us ASAP so as not to delay the funding process.
Congratulations! We look forward to serving all of your business funding needs.
THE BF ADVANCE TEAM
Call Us at- 1-888-306-6720
The Business Finance Advance Advantage
- Get Up To $2.5 Million per location
- 95% Approval Rate
- 24 Hour Approval!
- Receive Funds in 7 Days or Less
- No Application Fees
- No Fixed Payments
- No Bank hassles
- No collateral required
- No personal guarantee
- No UCC filing on your personal credit report
- Low credit scores OK
- No Tax Returns Required
Why Choose BFAdvance
- Rate as Low as 12.99%
- No Late Payment Fee
- Working Capital
- Purchase New Equipment
- Business Debt
- Seasonal Merchandise
- In Compliance with all State and Local Regulations