Business Funding FAQs

1. What types of business funding do you offer?

We offer a variety of funding solutions including SBA Loans, Term Loans, Business Lines of Credit, Working Capital, Equipment Financing, and Merchant Cash Advances (MCAs). Each is tailored to fit different business needs.

2. How much can I qualify for?

Funding amounts range from $10,000 up to $5,000,000, depending on your business's revenue, time in operation, and credit profile.

3. What are the minimum qualifications to apply?

Typically, we work with U.S.-based businesses that have:

• At least $15,000/month in revenue (some cases may qualify with $10,000+)
   
• A minimum of 6 months in business
   
• 4 to 6 months of recent bank statements
   
• A credit score of 600+ in most cases
   

4. Can I get approved with bad credit?

Yes! While stronger credit opens up more options, we may still be able to help if you have lower credit, especially with high revenue and consistent cash flow.

5. How fast can I get funding?

Some funding types can be approved and funded in as little as 24 to 48 hours, depending on the documentation and loan type.

6. What’s the difference between a term loan and an MCA?

A term loan is repaid over a set schedule with fixed payments, often at lower rates. An MCA (Merchant Cash Advance) provides quick capital in exchange for a portion of future revenue, with flexible daily or weekly payments.

7. Is there a hard credit pull when applying?

We typically begin with a soft credit pull, which doesn’t impact your score. A hard pull may occur later in the process if you choose to proceed.

8. Do I need collateral to qualify?

Most of our funding options are unsecured, meaning no collateral is required. However, some larger loans may benefit from having collateral to improve terms.

9. How do I apply?

Simply click any “Get Funding” button on the site, fill out the short form, and a RedOak advisor will contact you to walk through your options.

10. What makes RedOak Funding Group different?

We're not just brokers—we’re business owners too. At RedOak Funding Group, we understand the real challenges entrepreneurs face and pride ourselves on providing honest guidance, flexible options, and fast, relationship-driven service.