We understand there are many questions when it comes to selecting the right funding for your business.
So we have listed the most common questions we receive and the answers to help you with your decision to utilize FV Vantage™’s unique service.
Once you have read through all the questions and answers, or if you have a question we haven’t answered here, click on the button at the bottom of this page to speak with one of our business funding specialists.
Well, for a start, we are not a bank. When a business owner comes to us looking for finance, we take the time to learn about their business and do our due diligence to understand the long-term vision the business owner has. Once we have a clear direction of where the business owner wants to go, we get to work to find all the funding solutions available. It often results in multiple loan options and possible grants or subsidies we can apply for now and in the future.
The difference between FV Vantage™ and the banks is that we specialize in putting together creative capital stack structures, and have the flexibility of applying out of the box solutions. Banks are restricted and limited in the funding solutions they can offer. When you make the comparison, the variety of our solutions to provide you with the best funding for your business, is the smart choice to make. Contact us today and discover how FV Vantage™ can help you.
Yes, we hear you. The difference between FV Vantage™ and other business funding providers (including banks who juggle many services other than business funding) is that after our initial consultation, where we discuss your business and funding requirements, we let you get back to running your business while we investigate all your funding options.
Our in-depth discovery analysis of your business often reveals multiple funding solutions available, ranging from loans to government grants and subsidies to grow your business. Once we have identified the best funding source for your situation, we will contact you to discuss the details. If you are happy to proceed, we will take care of everything for you.
This means we will professionally package and communicate your business qualifying criteria using our expert knowledge and understanding of the underwriting and approval process. Our attention to detail presents your business in the most effective and efficient position to get approved and successfully funded.
Yes, a deposit is required at the time we enter into our services agreement to cover our initial costs. However, in the unlikely event that we are unable to secure your funding, we will refund your deposit so you are not out of pocket. This is another example of our quality of service guarantee to do the right thing by our clients. Contact FV Vantage™ today to discover how we can help you.
We help businesses all across the U.S. get funding approval. Our portfolio of funding options means we will find the right solution for your business. If you own a business in the U.S., contact us today to discuss how we can help you get the funding you need.
We also have a specific commercial real estate and working capital lending programs for Canadian businesses, Contact FV Vantage™ today to discover how we can help you get the funding you need to grow your business.
Yes, we can. In fact, we have helped a large number of restaurants and hospitality businesses successfully acquire funding to purchase new equipment or expand their business. Many businesses experience peak and non-peak trading months throughout the year. This is where having an experienced team like FV Vantage™ in your corner will help you to navigate the slower times through future forecasting and funding planning. So if you own a restaurant or a similar business and require funding, contact FV Vantage™ today and we’ll be happy to help you too.
Yes, we can. Our expert funding specialists know what the lenders are looking for, and require, to approve funding. Using this knowledge, we will help you write your business plan to address the specific information funding sources you are looking for to maximize your probabilities of being funded. It is all part of the education service we provide our clients, like how to take advantage of tax benefits to reduce the amount of tax you pay. For more information, contact FV Vantage™ today.
Yes, we possibly can get your funding approved. We offer a variety of loans including Cash-Flow based loans, Asset-based loans and Invoice based loans which don't determine your ability to service a loan solely on your credit history. The best way to see if we can help you get the funding you need is to contact us today to speak with one of our business funding experts.
To determine the amount you can borrow depends on many variables. The easiest way to find out is to schedule a call with one of our business funding experts by clicking the button below. We will complete a thorough analysis of your business to determine your borrowing capacity amount. We will also recommend the right funding solution for you, and if you agree to proceed, take care of the application process. You could have the funding you want quicker than you think.
That depends on many factors. Your business, the amount you want to borrow, your assets, time in business etc. This is where our in-depth discovery analysis of your business and unique, strategic approach to taking a long-term view can help you map out a series of different loans that work together in sequence to fund your business now and in the future. We will find the right loan/s for you with a repayment plan you are comfortable with. If that sounds good to you, get in touch by clicking the button below.
The length of time to be approved depends on the type of loan, the documents needed, and in some cases, the amount you wish to borrow. Some loans can be approved in 3 - 4 business days, others can take 60 - 90 days. The best way to speed up the process and prevent unnecessary delays is to talk to one of the FV Vantage™ business funding experts. They will determine the right loan for your situation and compile a list of all the relevant documentation you will need before you start the application process.
Definitely. We have observed the many hoops business owners have to go through and the brick walls they come up against when applying for funding through the banks. All because of the low-income market they serve or their geographical location. So, at FV Vantage™, we made it one of our missions to help businesses in this situation. Now we are proud to offer our unique funding solutions for businesses that are in an underserved market. Contact us today to find out how we can help you.
Click the button below to discover the right loan for your business.
Interest rates depend on the specific loan product you are looking for. At FV Vantage™, we seek out the best rates in the market without compromise. Our rates start from as low as 3% for certain non-profit health care businesses to factoring of up to 1.40 for businesses looking for cash flow based review and approval only and requiring the funding very quickly within 4-5 business days. Once we understand your business and the type of funding you need, we will source the best interest rate on offer.
Yes, we can. Every business is different. That is why we offer a variety of funding solutions. It makes us flexible when other funding institutions won’t bend. The best thing to do is contact us today, and we will be happy to review your business to see how we can help you and which funding solutions are best suited. Then you will be in a position to fund your business growth in a rapidly growing industry.
Yes. This is called Invoice Financing. If you have an agreement with your client for invoices to be paid for equipment or services that have already been provided, but you need money now to cover financial obligations, you may be able to borrow against the outstanding balance. This is a quick funding solution to keep your business operating while waiting to receive payment of your invoices. If you need funding now while you wait to receive invoice payments, contact FV Vantage™ today to discuss your options with one of our business lending specialists.
Yes, that is correct. The high-interest repayments you are currently paying will be reduced to one low-interest repayment over a longer term. This frees up your capital to put towards growing your business and makes it easier to budget your overheads. To discuss how we can help you consolidate your high-interest MCA loans and free up your capital, contact FV Vantage™ today.
Yes, it is possible. Depending on your situation, we may be able to help you obtain more funding than the MCA buyout, to grow your business with items like the purchase of equipment or inventory. We offer a variety of short-term and midterm solutions of 1-3 years and up to $150MM. To gain a clearer understanding of your borrowing capacity, contact FV Vantage™ today for a no-obligation chat.
This depends on your current daily payout loan and the MCA Buyout loan you are eligible for. But to give you a ballpark comparison, most MCA’s are in the 30%-50% range, although they don’t state it that way. It will be referred to as a factor rate of 1.3-1.5. Our MCA Buyout loans range from 10%-25% so as you can see, there is a considerable saving. If you have had enough of paying these high-interest rates, contact FV Vantage™ today to discuss your options and let’s get you on a more manageable financial plan.
This depends on various factors including the amount you want to borrow, your business financials and the loan you apply for. Some loans can be approved in 3-4 business days, other larger funding amounts can take 4-6 weeks. Once we have a better understanding of your business and the funding you require, we will help you with the documentation needed and the application process so you receive the funding in the shortest time possible. Contact FV Vantage™ today to discuss an MCA Buyout loan to consolidate your high-interest MCA’s.
This is a situation we come across often. As a business grows, it needs funding to help with that growth. However, the multiple repayments for various amounts at different rates can quickly get out of hand and cause stress. At FV Vantage™, we will review every possible scenario to see how we can strategically structure the capital stack of your commercial real estate (and other funding) needs. It will make your business more attractive and gives you access to the right private lenders to refinance your loans. To discover how we can help you out of a stressful situation, contact FV Vantage™ today.
Yes, we can. We have specific CRE loans for businesses that operate in low and moderate-income areas. The funds can be used for working capital, business acquisition and expansion, tenant improvements, debt refinance, equipment, inventory and real estate purchases. Our flexibility with loans such as these is why we are considered the preferred alternative to businesses that can’t obtain funds from a bank. Discover how FV Vantage™ can help your business receive the funding you need by contacting us today.
The length of time to be approved depends on the type of loan, the documents needed, and in some cases, the amount you wish to borrow. Generally, we allow 30 - 60 days for funds to be approved. The best way to speed up the process and prevent unnecessary delays is to talk to one of the FV Vantage™ business funding experts. They will determine the right CRE loan for your situation and compile a list of all the relevant documentation you will need to prevent unnecessary delays.
There are many federal and individual state incentives to reduce your tax when purchasing or renovating a commercial property. These can include payroll tax credits for jobs created, tax credits for the preservation of income-producing buildings that are certified historic structures, and tax deductions for energy-efficient improvements to commercial buildings. With the correct funding structure, your business can take advantage of these incentives to reduce your tax obligations while improving the building and investing in the local community.
When you employ the services of FV Vantage™, one of our business funding specialists will explore all your funding options for the amount you want to borrow, to locate the right solution for your situation. If asset-based financing is a suitable option, the discussion will turn to the assets you own that can be used to secure the loan. You will also need to provide good financials including your financial history. Other documentation may be required depending on your situation and the loan amount. The easiest way for you to see if you qualify for asset-based funding, and the amount you can borrow, is to contact FV Vantage™ today and start the conversation.
The amount you can borrow depends on many variables starting with the asset you are using to secure the loan. Lenders commonly use a loan-to-value ratio to determine the maximum amount they will fund. Each lender sets the percentage of the value of your asset they are willing to finance. Typically different assets will be offered at different percentages, depending on the liquidity of the asset should you default. Other factors often considered are your business's financial records, stability of your business, and ability to repay the funds. To discuss how you can use your assets to receive funding, contact FV Vantage™ today.
This type of financing gives you access to a percentage of the value of your business assets, providing you with capital to continue operating and investing in growth opportunities. They are typically quicker and easier to obtain than unsecured loans and have fewer covenants. Because you are using your asset as security, the interest rate offered is generally lower. Asset-based financing is an attractive funding solution for businesses that might not have the credit history or meet the criteria to secure a traditional bank loan. Talk to FV Vantage™ today to discover how much you can borrow to grow your business using your assets as collateral.
The length of time to be approved depends on the amount you wish to borrow and the value of the asset being used as collateral. For example, a loan for commercial real estate could take 30 - 60 days compared to a week or less for business equipment. The easiest way to find out how long your approval will take, and prevent unnecessary delays, is to talk to one of the FV Vantage™ business funding experts. Once we know the amount you want to borrow and the assets you have at your disposal to use as collateral, we can advise you on the best strategy moving forward.
Your approval limit will depend on multiple factors. These may include how long your business has been operating, your financials to prove you can repay the borrowed amount, and a good credit score. We offer secured and unsecured lines of credit from $20k to $5MM. The easiest way to see if you prequalify for a line of credit and the amount you can borrow is to contact FV Vantage™ today for a discovery chat.
It will depend on your business and financial standing. We offer secured lines of credit, which means you put up assets as collateral that can be sold by the lender if you default on the borrowed amount. Typically start-ups will fall into this category. We also offer unsecured lines of credit where you don’t need any collateral to receive approval. For both options, we offer lines of credit from $20k up to $5MM. To see whether you prequalify for an unsecured or secured line of credit, contact FV Vantage™ today. We offer a quick approval process so you can access the funds sooner than you think.
A loan is different because once approved, the total amount you want to borrow is made available, but you start making monthly repayments on the total amount plus interest until it is all paid back to the lender. This is the agreement whether you use the funds or not.
A line of credit is revolving, meaning once you pay back the amount you have used, you can borrow that money again for other business-related purposes and continue this cycle as needed. A line of credit gives you cash on demand when you need it. Talk to FV Vantage™ today to discuss how a line of credit can help your business grow.
A line of credit gives you access to funds to cover any short-term operational costs of your business. Typically business owners use a LOC to:
A line of credit gives you access to funds when needed and a financial safety net if your business experiences off-peak seasons in trade or forced closure. Contact FV Vantage™ today to discuss your funding needs and to determine if a LOC is the right funding solution for your business.
A. Because of the high number of grants available, both government and private foundations, we recommend contacting FV Vantage™ to discuss your business first. Every grant application process has different requirements. So it is important you follow the instructions as stated. Some grants are only offered to specific industries for specific purposes. So it is vital your application clearly states what the funds will be used for and that your business meets all the criteria. Once we understand your business and eligibility, we will show you the available grants and help you with the application process.
A. Yes, this is correct. Unlike a loan, a grant is money you don’t have to pay back. However, to successfully obtain a grant, you must meet the specific criteria for the grant you have applied for. If you haven’t applied for a grant before, the process can be complicated and overwhelming. We recommend using a professional team like FV Vantage™ to source the correct grant for your business and help you with the application process to give you the best chance of receiving approval.
A. Yes, there are many grants available for minority-owned businesses. A minority doesn’t only refer to a particular race or community. A minority can also include people who suffer from a particular illness, single moms, and low-income families. If you are considered a minority business, contact FV Vantage™, and we will help you assess the grants you can apply for.
There are specific criteria for receiving a government subsidy, including your industry. We advise you to speak with FundVantage first to see if your business is eligible before you start your search for available subsidies. If your business is eligible, FundVantage will help you locate and apply for the subsidy to give you the best chance of being successfully approved.
Yes, a grant is similar to a loan, except the funds don’t need to be repaid. A subsidy is a partial payment or tax benefit designed to lower production costs which help the business be more competitive. Subsidies encourage activities the government wishes to promote, for example, farming or renewable energy sources.
No, subsidies don’t need to be repaid like a loan. For this reason, they are not available to every business. Generally, a government subsidy is approved if it is in the best interests of the government. For instance, it supports the economy, increases employment, or in the case of Historic Building Renovations, preserves a local piece of history for future generations. Contact Fund Vantage today to see if you are eligible for subsidy funding.
SBA loans are guaranteed by the government, making it easier for small businesses to get funding. They generally require a lower down payment and have competitive fees and interest rates. The funds can be used for most business purposes which makes them very attractive to start-ups and growing businesses. Contact FV Vantage™ today to see which SBA loan is suitable for you and to complete your application.
As a general guideline, your business must be engaged to do business in the US, be considered a small business, as defined by SBA, and operate as a for-profit company. If your business matches these criteria, contact FV Vantage™ to discuss your eligibility and how we can help you get the funding you need.
SBA loans are designed to help startups and established businesses grow. Each SBA has different criteria but depending on your requirements, they can be used for,
That’s great. So before you apply or start getting together your documentation, contact FV Vantage™ first to ensure you prequalify and discuss which SBA loan is suitable. Once we know which loan to apply for, we can guide you on the relevant documentation you will need so you don’t waste time and have a higher success of approval