Question 1

How does the funding process work?

Accepted Answer

Our funding process is simple and efficient: 1. Apply online or email your 1-page application for a no-risk, no-obligation quote. 2. Work with your Business Funding Advisor to select the best solution for your business. 3. Review and sign your loan documents electronically. 4. Complete your transaction with the help of your Funding Coordinator. Most transactions are funded within 24 hours of receiving signed documents.

Question 2

What are your interest rates?

Accepted Answer

Our interest rates start at around 6.9% for highly qualified borrowers. Rates vary based on your business’s strengths, credit profile, industry, equipment type, and current market trends. With our extensive network of funding partners, we offer competitive terms and transparent financing options, including fixed monthly payments and fixed payback amounts.

Question 3

What is your Maximum Funding Amount?

Accepted Answer

We can fund $10,000 to $ 10 million. We also go up to $500,000, application only for qualified applicants.

Question 4

Can I choose between purchasing and leasing equipment?

Accepted Answer

Yes, you can choose between purchasing and leasing equipment. WillowArk Funding provides various finance solutions tailored to your needs, including lease financing, traditional equipment financing, working capital loans, business loans, lines of credit, and more.

Question 5

Are there any upfront costs?

Accepted Answer

Upfront costs vary. For equipment financing, we typically do not require any money upfront. However, depending on your credit and time in business, we may require the first payment or 10% due at signing. Most unsecured business loans have a document fee ranging from $250 to $850, depending on the terms, credit score, and amount financed.

Question 6

What are the available loan terms?

Accepted Answer

Our loan terms range from 12 to 84 months, depending on various factors. For personalized assistance, call our finance specialists at 714-804-3257 to find the best deal for you.

Question 7

Can I finance soft costs and services?

Accepted Answer

Absolutely! You can include soft costs and services in your financing plan.

Frequently asked questions