FAQs

We appreciate your interest in joining BorrowPartner. We have openings for remote business development managers. Visit our careers page.

You may qualify for additional capital if:

• You repaid 50% or more of your last financing,
• You didn’t choose the maximum amount in your prior financing, or
• Your company revenue increased significantly since your last financing. 

We would need to review it, but, in most cases, yes. If you already pledged your accounts receivable, we would need to work with your current lender to structure a subordination agreement. 

In both cases, working capital is issued against a collateral. Invoice factoring requires the sale of accounts receivable at a small discount. Asset-based lending (ABL) does not require such a transfer of assets. Instead, with ABL, assets are collateralized and monitored against the working capital. The advance rate (the percentage of the value of the asset guiding the working capital amount provided) is often lower with ABL.

You can apply through our Loan Agent program. Whether your business already offers products or services to small and medium companies, or you want to start this on your own, team up with BorrowPartner to offer best-in-class financing solutions. Learn more here. 

No. The way we see it, your information is yours, not ours. We use your information to process the transactions with which you entrust us. We never sold it. And, we never will. Your information is safe with BorrowPartner. See our Privacy Policy for more details.

No, applying for business financing with BorrowPartner does not affect your personal credit score.

Complete applications are generally reviewed and offers sent to you within one business day. After you select and send back your preferred offer, the funds are typically deposited in your account within one business day, sometimes within a few business hours. Find out more about how it works. 

You should receive your money within one business day after approval, sometimes in as quickly as a few hours. You will receive an automatic email notification of the transfer, and the status of your application will be updated on your online dashboard.

All information that you share with BorrowPartner is secured using bank-grade encryption protocols.

Yes, you can. Lines of credit allow you to draw down funds as needed. You can apply even if you don’t need the funds right away. Securing a line of credit early early will ensure that your funds are available when you need them.

Beside personal credit scores, other factors that we consider include:

• Business revenues
• Years in business
• Total existing debt
• Cash flow
• Percentage of business owned
• Business credit score
• Payment history
• and others…

To provide you with the lowest cost of money, BorrowPartner offers one of the largest selections of business financing solutions anywhere. These include Small Business Loans, Business Lines of Credit, Merchant Advances, Invoice Factoring, Equipment Financing, SBA Loans, Asset-Based Lending, and Commercial Real Estate Financing. One easy online application is all you need to get started and our expert financing advisors will review your information and, with you, identify the best financing options for your business.

Our online application will require you to enter information about you, your business, and its financial performance. You will also need to attach copies of of your driver’s license and of your recent bank and/or processing statements.

You will find the information that you need to apply here.

BorrowPartner is an awesome business financing brokerage platform. We identify, customize, and secure the very best financing solutions for our small and medium-sized business clients. We are easy to work with, we are available, we are flexible, and we are pleasant. 

We are serious about what we do, we don’t take ourselves too seriously. If you work with us, you will be glad you did. If you don’t work with us, well, you won’t know how happy you could have been – and we will be sad, but we’ll still wish you success with your business. 

Financing sizes and terms vary based on the financing type. In general, we offer business financing solutions from $10,000 to $5,000,000 with repayment terms of up to 48 months.

We are expert at what we do, and we do it well.

At BorrowPartner, our financing recommendations are based on your business needs – not on anyone else’s, our easy application takes minutes, and there are no surprises. We minimize the paperwork requirements. We bring you the best available financing options available for your business. We reduce the time to access funds.

Banks require weeks to complete an application, demand a collateral, and are slow to respond. Venture Capital firms dilute your equity in your own business and sometimes even take over. Direct lenders offer limited selections of financing products that they don’t adapt to your needs. Some don’t even fully disclose their fees.

We are different. BorrowPartner is your partner in financing. Find out more about us.

If you already received financing for your business from a different financing platform in the past, we recommend that you brace yourself for a shockingly different experience when working with BorrowPartner.

Working with us might be simpler than expected, save you money, and even be fun. It might even compel you to return for more financing as you grow your business.