Frequently Asked Questions
We’re here to make your journey to funding easy!
As a Start-Up how much capital am I likely to receive?
Clients can expect to receive up to $150,000 for strong credit profiles. We have a proprietary algorithm that matches you to the banks that you will be approved for while avoiding the ones you would be declined for.
How long does it take to get a Business Loan?
At Good Bridge we keep the process fast and straight to the point. Once we receive your last 3 months of business bank statements along with a funding application, our in house underwriters will provide you with an offer either same day or next day.
Is Unsecured Funding safe?
Unsecured means that you are not taking an risk to your assets such as collateral or property. Additionally you will not need to give up equity in your business and will simataneously maintain 100% business and access to the credit lines.
What are the minimum requirements for getting approved?
- Minimum of $250,000 in business annual revenue
- No active bankruptcies or recent defaults
- Minimum of 500 credit score
- Minimum of 6 months in business (we do have a program for startups as well. Feel free to ask about that if you are within 6 months of business.
Will this type of funding affect my credit?
In the short term, you can expect your credit to take a slight dip, but as long as you maintain good payment history with these funds, you can expect your credit score to increase and your overall credit profile to strengthen within 45 days. The whole funding process takes 1-2 weeks.
What are the requirements to receive Start-Up Capital?
Start-Up Capital is our specialty. We aim to make it an easy process for you to obtain funding for your Start Up. Our requirements are:
- Minimum of 680+ credit score
- Debt to Credit Ratio below 35%
- No previous late payments or charge offs
We aim to respond to your application within 1-2 business days!