Frequently asked questions
Straight answers to what business owners ask most before they book a call.
Will checking options impact my credit score?
Reviewing potential options typically does not require a hard credit pull up front, so it generally won’t affect your credit score. A hard inquiry may be used later if you choose to move forward with a specific offer.
Is Factor Funding Market a lender?
No—we operate as a funding marketplace and connect businesses with third-party funding providers. We are not a bank or direct lender unless expressly stated. Booking a call is not an application for credit.
How quickly can funding happen?
We emphasize a streamlined process, but timelines vary by product, provider, and your profile. We don’t guarantee specific approval or funding times.
How much can I qualify for?
Amounts depend on provider underwriting and your business profile—revenue, time in business, consistency, and other factors. We don’t promise specific amounts; a call helps set realistic expectations.
What are the rates and fees?
Pricing is set by the funding provider and disclosed before you sign. Different products are priced differently (for example, an APR on a loan versus a factor or total repayment amount on revenue-based financing), so ask for the all-in cost to compare fairly.
What documents will I need?
Commonly requested items include a government-issued ID, recent business bank statements, and basic business details. Providers may request additional documentation during review.
What are the basic requirements?
Typical minimums are around 6+ months in business, $150k+ in annual revenue, a business checking account, and a personal FICO® of roughly 500+. Meeting minimums does not guarantee approval, and some industries may be restricted.
Are there prepayment penalties?
It depends on the specific product and provider offer. Any applicable fees or early-payoff details are disclosed before you sign—review them carefully.
Is my information secure?
We handle your information in line with our Privacy Policy. Review it to see what we collect, how it’s used, and the choices available to you.