FAQ's
Do you have questions? Good, because we have answers.
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What type of Loans do you offer?
We offer Business Line of Credit, Small Business Loans and SBA Loans.
Frequently Asked Questions
What are the requirements for a Business Line of Credit?
The minimal requirements are: 1) Must be in business a minimum of 1 year. 2) Must have yearly income of at least $150K. 3) Must have a FICO score of at least 570. Other requirements may apply depended upon your financial background. Get approved to up to $100,000 in line of credit.
What are the requirements for a Small Business Loan?
The minimal requirements are: 1) Must be in business for at least 6 months. 2) Must generate $17,000 per month in gross sales. 3) Must have a minimum 570 FICO score. Other requirements may apply depended upon your financial background. The maximum loan amount offered is $1.5 million.
What are the requirements for an SBA- Small Business Administration Loan?
An SBA Loan is a financing option specifically designed to support small businesses, backed by the U.S. Small Business Administration (SBA). The requirements can vary from bank to bank. The amount you can borrow is up to $5 million. Get with your Money 7.0 Advisors for more details.
What are the advantages by going with Money 7.0 verses a bank?
Great question. Money 7.0 partners with financial institutions and knows exactly what's needed to approve a loan. Also, using our lender relationships, faster decisions are made in as little as 4 hours and funding as soon as 24 hours of acceptance. Compared to a conventional bank's vetting and underwriting process, it could take as long as 3 months.
Therefore, to reiterate, the advantages are Money 7.0 can help get your loan approved faster, with less documentation and can transfer the funds within 24 hours.
Can you do a consolidated loan?
Yes! With a small business loan, we can pay off your current balances so that you will have only one loan.
Are there any restrictions on how I can use my business loan?
No. The lender's underwriting team will qualify your business based on the health of your business. You can use the money for business expenses as you see fit.
Are you a direct lender or bank?
No. Money 7.0 is a FinTech Loan Advisory company dedicated to helping businesses access funding through our financial relationships.
Does Money 7.0 charge a fee for services?
Yes, Money 7.0 is an Advisory and Consulting company, and charge for services. The amount of the fee depends on the amount of the loan and advisory time. Your Money Advisor will inform you of the fees before we submit your loan application.
If you have additional questions, please contact us.
Support: info@money70.com
CONTACT
Business Hours:
Call anytime 24/7
Funding Advisor:
817-756-9044
Email: info@money70.com
Url: Money70.com
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