
Frequently Asked Questions
Get answers to the most frequently asked questions about our small business funding options. If you still have questions, contact us at sales@lionsford.com for more information. We’re dedicated to providing exceptional customer service, and will respond to all emails within an hour (during regular business hours).
No, competitor payoffs are not required. We have lenders that are willing to take a 2nd or 3rd position. In some cases, they will provide enough funding to pay off an existing loan in addition to getting working capital.
You will need to provide a completed application, the last 3 months of business bank statements, photo ID, and voided business check.
Your repayments will be ACH'd from your business checking account on file with the lender.
Our application process is built around an integrated communication center that gives our lenders, loan advisors, and underwriters instant access to the information they need to approve your working capital loan. Your loan request can be approved within hours, with funds wired to your account the next business day.
Approval for funding through Lionsford is based on more than just your business’s credit score. We take into account multiple factors, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
We do not fund startups. To qualify for funding through Lionsford, your business must be in operation for at least 1 year.
We can help businesses in most industries, including high-risk industries. This includes attorneys, dental practices, medical practices, automotive dealers, construction companies, restaurants, retailers, manufacturers, gas stations, dry cleaners, pharmacies, business services, and more.
Of course! At Lionsford, we know your business’s credit score doesn’t always tell the whole story. That’s why our approvals are based on more than just your credit score. We look at the overall health and potential of your business, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
No. Our lenders trust that small business owners know best how to use their funding, so they don’t restrict how you use your funds.
Yes. Once you have repaid 50% of your original loan amount, you are eligible to apply for additional funding. In many cases, the lender will also increase the approved loan amount.
We can get you funded from as little as $5,000 up to $500,000. We also have lenders that fund up to $2,000,000, if that's your capital need.
Couldn't find your answer? Contact us at sales@lionsford.com.