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Frequently Asked Questions

Whether you’re looking for SBA loans, merchant cash advances, equipment financing, or payroll funding, we’re here to help you navigate your financing options with clarity and confidence.

money transaction between two people for a small business loan

Business Financing with Easy Business Loans FAQ

At Easy Business Loans, we understand that choosing the right business financing option can be overwhelming. That’s why we’ve put together this comprehensive FAQ page to answer your most common questions about our loan programs, eligibility, application process, and repayment terms.

Browse through our general FAQs and service-specific FAQs below, or contact our team at (972) 372-0986 for personalized assistance.

General FAQs

We provide a variety of business financing solutions, including SBA loans, merchant cash advances (MCAs), business revenue loans, accounts receivable financing, purchase order financing, book-of-business financing, equipment financing, and payroll loans.

The best financing option depends on your business needs, revenue, credit history, and how quickly you need funds. Our loan specialists will help you determine the best solution based on your industry and financial situation.

Most businesses receive pre-qualification within 24 hours. Depending on the type of financing, funds are typically available within 3-5 weeks.

Qualifications vary by loan type, but generally, we look for:

  • At least 6 months in business
  • A minimum monthly revenue of $5,000 – $10,000
  • A credit score of 450+ (some loans do not require credit checks)

Most of our financing options do not require collateral. SBA loans and some equipment financing options may require collateral depending on the loan amount and risk assessment.

Yes! We offer several financing solutions that do not require perfect credit, including MCAs, revenue-based loans, and book-of-business financing.

Loan amounts range from $5,000 to $5,000,000, depending on business revenue, creditworthiness, and the type of financing.

Business financing can be used for expansion, payroll, inventory, equipment purchases, marketing, debt consolidation, and other business-related expenses.

Repayment terms depend on the loan type. Some options, like MCAs and revenue loans, have flexible daily or weekly payments based on revenue, while others have fixed monthly payments.

Our pre-qualification process uses a soft credit pull, which does not impact your credit score. A hard inquiry may be required during final approval for certain loans.

No! We do not charge upfront fees for applications. Some financing options may have origination fees that will be disclosed before finalizing the loan.

Yes! Startups may qualify for SBA loans, business revenue loans, MCAs, and equipment financing, depending on revenue and time in business.

Yes! We provide business financing across the entire Dallas-Fort Worth Metroplex, including Plano, Arlington, Richardson, Irving, Frisco, Garland, Fort Worth, and surrounding areas.

Applying is easy! You can fill out our quick online application or call us at (972) 372-0986 to speak with a financing specialist.

Yes! Many of our loan options allow early repayment with no penalties, but some loans may have early payoff terms—our team will provide details before finalizing your financing.

SBA Loan FAQs

An SBA loan is a government-backed business loan offering low interest rates and long repayment terms, designed to help small businesses with expansion, working capital, and refinancing.

Loan amounts range from $50,000 to $5,000,000, depending on your business needs and financials.

Repayment terms are up to 25 years for real estate and up to 10 years for other business expenses.

Collateral may be required for larger loan amounts, but many SBA loans do not require personal guarantees.

SBA loan approvals can take 4-8 weeks, depending on documentation and lender processing times.

Interest rates typically range from 5% to 10%, depending on the loan type and terms.

A credit score of 650+ is generally recommended for SBA loan approval.

SBA loans can be used for real estate, business expansion, equipment purchases, refinancing, and working capital.

Merchant Cash Advance (MCA) FAQs

An MCA is an advance of cash based on future credit card sales, repaid through a percentage of daily transactions.

Businesses that accept credit card payments and have consistent daily revenue typically qualify.

Loan amounts range from $5,000 to $500,000, depending on revenue volume.

MCAs are one of the fastest funding options, with approvals in 24 hours and funding in 1-3 business days.

Not as much as other loans! MCAs are based on revenue, not credit, so businesses with low credit scores can still qualify.

Repayments are made daily or weekly based on a percentage of your credit card sales.

MCAs work well for restaurants, retail stores, e-commerce businesses, and service providers with high transaction volume.

MCAs typically have higher fees due to the risk factor, but they provide fast, accessible funding for businesses in need of quick cash flow.

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money transaction between two people for a small business loan

Accounts Receivable Financing FAQs

Accounts receivable financing, also known as invoice factoring, allows businesses to sell unpaid invoices to a lender in exchange for immediate cash, improving cash flow without waiting 30-90 days for payments.

Typically, businesses receive 80% to 95% of the invoice value upfront. The remaining balance (minus lender fees) is released when the customer pays.

Businesses that sell products or services to other businesses (B2B) and have outstanding invoices qualify. The customer’s creditworthiness matters more than the business’s credit score.

Approvals typically take 24-48 hours, and funds are usually available within 3-5 weeks.

Not necessarily! Since funding is based on customer payments, businesses with low credit scores can still qualify.

Unlike traditional loans, accounts receivable financing does not create debt—it simply provides an advance on money you’re already owed.

Yes, as long as the business has outstanding invoices from creditworthy customers.

No! Businesses can use the funds for payroll, expansion, inventory, equipment, and general business expenses.

Purchase Order Financing FAQs

Purchase order (PO) financing provides funding to businesses that need cash to pay suppliers in order to fulfill large customer orders.

Businesses that sell tangible products to other businesses, wholesalers, or government agencies qualify, as long as they have verified purchase orders.

  • The financing company pays your supplier directly for the goods.
  • Your supplier delivers the products to your customer.
  • Your customer pays the invoice.
  • The lender deducts its fees and sends you the remaining balance.

Funding amounts range from $50,000 to $300,000, depending on order size and supplier costs.

Wholesalers, distributors, manufacturers, and resellers use PO financing to fulfill large orders without cash flow issues.

Not necessarily. PO financing is based on the financial strength of your customer, not your business credit.

Yes, as long as they have verified purchase orders and reliable suppliers.

Approval takes 24-72 hours, and suppliers are paid within 1-2 weeks, allowing businesses to complete large orders quickly.

Book-of-Business Financing FAQs

Book-of-business financing allows insurance agents and financial professionals to borrow money based on future commission receivables.

Loan amounts range from $25,000 to $1,000,000, depending on the size of your commission stream.

Credit scores as low as 450 can qualify, but lenders focus more on business references and renewable commission breakdowns.

No, book-of-business financing is unsecured—no personal or business collateral is required.

Repayment is tied to commission renewal schedules, ensuring manageable payments.

Funds can be used for business expansion, hiring staff, marketing, technology upgrades, debt consolidation, and acquiring additional books of business.

Pre-qualification happens in 24-48 hours, and funds are available within 1-2 weeks.

Yes, as long as they have a renewable commission stream and at least three years of industry experience.

Let's Get Started!


money transaction between two people for a small business loan

Equipment Financing FAQs

Equipment financing provides loans or leasing options to help businesses acquire machinery, technology, vehicles, and other essential equipment without large upfront costs.

Funding amounts range from $10,000 to $1,000,000, depending on the cost and type of equipment.

Some equipment loans require a 10-20% down payment, but many options provide 100% financing.

  • Construction & heavy machinery
  • Medical & dental equipment
  • Technology & office equipment
  • Manufacturing & industrial tools
  • Commercial vehicles & fleets

A credit score of 600+ is generally recommended, but some lenders work with lower scores if the business has strong revenue.

Equipment financing approvals take 24-72 hours, and funds are available within 1-2 weeks.

Construction, healthcare, manufacturing, logistics, and professional service providers frequently use equipment financing.

Yes! Many lenders offer financing for new and used equipment purchases.

Payroll & Hiring Loan FAQs

A payroll loan provides immediate funding to cover employee wages, hiring costs, and workforce expenses during slow revenue periods.

Businesses with at least 6 months in operation and consistent revenue can qualify.

Loan amounts range from $5,000 to $500,000, depending on payroll size and business revenue.

Approvals take 24-48 hours, and funds are available within 3-5 business days.

Yes! Payroll loans can be used for new hires, employee benefits, payroll taxes, and retention bonuses.

Payroll loans are based on business revenue, so lower credit scores (500+) can still qualify.

Repayments can be fixed monthly payments or revenue-based repayments, depending on the loan type.

Retail, restaurants, construction, healthcare, and professional service businesses frequently use payroll financing.

Need assistance with financial services?

Call us! (972) 372-0986

8.00am - 7.00pm, Mon - Fri; 8.00am - 2pm, Sat

Get fast, flexible business financing with Easy Business Loans—apply today and secure the funding your business needs to grow!

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