We will only do a soft pull to place you with your bank. A small portion banks still do a hard pull at the time of funding but you will be notified if your bank requires a hard pull in advance.
How long until the money is in my account?
With our streamlined application process, business owners tend to receive their SBA loan in as little as 10 days. On average, our Credit-Based SBA loan takes 12 business days.
What if I’ve been previously declined?
You may still qualify for an SBA loan; banks now approve applicants based on credit, not just cash flow.
My business shows a sizeable loss, can I still get an SBA Loan?
Absolutely. There is no cash flow analysis needed for our Credit-Based SBA offerings, so losses will not impact the decision.
Are there any upfront fees?
You will not be charged any upfront fees or out-of-pocket expenses to get funded.
Do I need a profit and loss statement?
The typical cash flow analysis is slowly becoming a thing of the past. Many SBA lenders now approve loans without these documents.
What if I have other outstanding loans?
If your credit is over 680, other debt will not be a mitigating factor or reason for decline. We have some banks that don’t take other debts into account at all.
If my credit score is just below the minimum, how long do I need to wait to apply again?
This is bank-dependent. Some allow immediate reapplication, while others have a 30-day lockout.
What if my business has multiple owners?
Any individuals or entities with at least 20% ownership are required to be a guarantor for any SBA loans.
If I call the toll-free number, can I talk to a real person?
Yes, if you call between the hours of 9am - 6pm EST from Monday to Friday.
Still have questions?
We'd be happy to help. Please contact us for more information.
Irving Fund is not a bank or an authorized SBA vendor. We partner with a number of banks to facilitate SBA financing for our clients. Irving Fund does not perform a hard credit pull at any point in our process, for SBA LOANS a hard pull may be required at the time of funding. You will be notified in advance of this taking place. Rates shown vary based on product, credit determination, state law/minimum loan amounts and lender criteria. Not all applicants will qualify for financing, all loans are subject to credit review and lender approval. We provide business financing through a network of third-party banks and funding providers.
