Frequently Asked Questions
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How Quickly Can I Receive My Funds?
Once you get approved, you receive your funds in under 48 hours! Our process is designed to be quick and hassle-free.
How do I check my eligibility to get funded?
Do I Qualify?
Based in the United StatesIdeally 1+ years in businessGenerating minimum $25,000 in monthly revenueSimply fill out a quick form with your details and a member of our team will get in touch with you. Start the process here and we’ll be with you every step of the way.
How Do I Apply To Work At Business Capital Providers?
Visit our careers page for more information about life at Business Capital Providers and available job opportunities!
What are the different types of funding offered?
Our short-term business funding program is an unsecured advance that can be repaid over a period of one month to four years. With revenue-based financing, you repay the advance with a portion of your business’s revenue, every day.
What Is Revenue-Based Financing?
Simply put, we provide you with the cash you need and take a portion of your sales every day until you’ve paid off the advance. This way, you repay the amount as your customers pay you!
How do I decide which program is right for my business?
Depending on how long you’ve been in business and your current financial situation, you may be more suited to one type of funding. Compare our funding options here or just reach out to us and we’ll help you decide.
In Which Locations Is BCP Located?
You can find us at 2501 Hollywood Blvd. Suite 210, Hollywood, FL 33020
What happens if I can't repay the funds?
We underwrite your business very carefully to make sure that our payments do not overly burden your cashflow. If you do experience a serious reduction in revenue, you can contact us and we can modify your payments accordingly.
What is a merchant cash advance?
A merchant cash advance is a funding methodology where we are able to purchase your future receivables and advance you the money immediately so that you can fund projects or ease short term cash flow shortages.
What Is Short-Term Funding?
Short term funding is a way to get immediate money for temporary cash needs of less than one year.
What are the repayment terms?
Terms vary based on the health of your business and your past banking history. We do not extend terms past one year and will charge a factor rate determined by our underwriting team
What are the rates of payback?
Rates are generally higher than traditional bank financing, but are short term and can be renewed at significantly lower rates once you build a history with us.
Still Have Questions?
Feel free to reach out for any questions/inquiries