The Process
Looking to jumpstart your business or need capital to start a business dream? We are here for you. Unlike traditional banks, we have a minimum credit score of 500, minimal paperwork to get started, and will have an approval within 24 hours instead of a 4-6 week “bank application period”. We understand the need of working capital as soon as possible to purchase equipment, payroll, starting a business, paying mortgage or marketing etc., so we will not waste any time in between the application and approval period.
the process from start to finish can be explained in 5 simple steps below…
Step 1:
Complete application
To get started on the approval process, please complete our short electronic application form (3-5 minutes).
Step 2:
Submit the last 3 months of business bank statements
Once the application is completed the next step is to submit your last 3 months of business bank statements to kurt@pointfinancialsolutions.com if interested in a business term loan or line of credit. If interested in a start up loan or personal financing email kurt@pointfinancialsolutions.com.
step 3:
sit back and relax
The four documents (application and 3 statements) are all we need from you to get started on an offer. This process will take up to 24 hours. In the meantime we will keep you updated if additional information is needed, or if you have any questions.
Step 4:
24 hours are up and we are approved!
Once approved and you would like to move forward with an offer. We would only need a valid Driver’s License and Voided Check of your business bank account to have contracts sent! Once contracts are signed and the bank verification is completed. Our underwriting team will call you to go over everything on the contract and if you have any questions.
step 5:
Underwriting call is completed
Call is completed and you are fully approved! We understand that our clients need financing as soon as possible to fulfill their needs. Therefore, loans are wired into your business account within 2-3 hours (same day, wire cutoff is at 5 pm EST M-F).