Frequently asked questions
Good questions.
Clear answers.
Understand the process, the options, and what to expect before you move forward.
Getting started
Which financing option should I explore?+
Start with the purpose of the funds, the timing, and the repayment structure your cash flow can support. The financing finder offers an educational starting point. An advisor can review your individual situation.
What documents will I need?+
The requirements depend on the program and lender. Recent business bank statements, basic company information, and existing debt details are common starting points. SBA and larger transactions may require financial statements, tax returns, and transaction-specific documents.
Does browsing or using the finder affect my credit?+
Browsing this website and using its educational tools does not request a credit report. Credit inquiries or authorizations may be part of the separate application and lender review process.
How quickly can I get funding?+
Timing depends on the program, lender, underwriting, and completeness of the file. Some working capital options may move quickly; SBA and complex transactions generally require more time.
Understanding the options
How does a line of credit differ from a term loan?+
A line of credit generally permits draws up to an approved limit under its terms. A term loan typically provides a lump sum repaid over an agreed period. Compare the fees, repayment structure, and conditions of each offer.
Is a merchant cash advance a loan?+
A merchant cash advance is generally structured as a purchase of future receivables. Its remittance and reconciliation provisions differ from a loan. Read the specific contract and compare the full cash-flow impact.
Can SBA 504 fund inventory or payroll?+
SBA 504 cannot fund ordinary working capital or inventory. It focuses on eligible major fixed assets. SBA 7(a) and other business financing paths may support eligible working capital needs.
Does consolidation always reduce my total cost?+
No. Payment relief and total cost are different. Review all existing obligations, new financing, fees, disbursement schedules, and repayment terms together.
Working with Abstract
Can I speak with a person before applying?+
Yes. Call 516-206-0395 during business hours or email info@abstractcapital.com to start a conversation.
How do brokers and ISOs become partners?+
Use the partner application to introduce your company. Our team will discuss the onboarding process, submission requirements, and partner terms.
Where do I send sensitive documents?+
Use the submission method your advisor or lender confirms. Do not send account passwords, Social Security numbers, or financial documents through a general email inquiry.
Are rates and approval guaranteed?+
No. Availability, rates, amounts, costs, and funding times depend on eligibility, underwriting, and lender terms. Website tools provide general information, not an approval or offer.
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CAPITAL FOR WHAT’S NEXT
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