Frequently Asked Questions
Find answers to the most commonly asked questions about our small business funding options and ISO program below. If you have further questions, please contact us for more information. We are committed to delivering outstanding customer service and will respond to all voicemails and emails within one hour during regular business hours.
Frequently Asked Questions
Find answers to the most commonly asked questions about our small business funding options and ISO program below. If you have further questions, please contact us for more information. We are committed to delivering outstanding customer service and will respond to all voicemails and emails within one hour during regular business hours.
Where Do We Provide Funding for Small Businesses?
We provide funding to businesses across the United States, including U.S. territories such as American Samoa, Guam, Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands. We also offer funding in Canada.
Is my Canadian-based business eligible for working capital funding?
Yes, we provide funding to businesses across all provinces in Canada.
What amount of working capital can I qualify for?
We offer working capital loans ranging from $3,000 to $500,000.
Do you provide funding for startups?
We do not provide funding for startups. To be eligible for funding from ASAP Capital, your business must have been operational for at least 5 months.
I have a low credit score. Can I still qualify?
Absolutely! At ASAP Capital, we understand that a credit score doesn’t always reflect the full picture of your business. That’s why our approval process considers more than just your credit score. We evaluate the overall health and potential of your business, including:
• Business revenue
• Cash flow
• Vendor payment history
• Years in business
• Public records
Are there restrictions on the use of working capital funding?
No, we don't impose restrictions on how you use your funding. We trust that small business owners understand their needs best and can allocate the funds accordingly.
If you need additional financing, can you apply for another cash advance?
Yes, you can apply for another cash advance once you have repaid 50% of your original advance. This subsequent advance, known as a renewal, may also come with an increased amount eligible for funding.
Do you offer funding for businesses in Puerto Rico?
Yes, we provide funding for businesses in Puerto Rico, as well as in American Samoa, Guam, Northern Mariana Islands, and the U.S. Virgin Islands.
How fast can I access working capital cash?
Our application process is supported by an in-house communication center, allowing our Funding Advisors and underwriters immediate access to the information needed for approval. This enables us to approve your working capital loan in as little as 2-5 business hours, with funds available as quickly as one business day.
How do businesses qualify?
Approval for a working capital loan from ASAP Capital considers more than just your business's credit score. We evaluate various factors, including:
• Business revenue
• Cash flow
• Vendor payment history
• Years in business
What types of businesses does ASAP Capital finance?
We provide funding to businesses across most industries, including high-risk sectors. This encompasses attorneys, dental practices, medical practices, automotive dealers, construction companies, restaurants, retailers, manufacturers, gas stations, dry cleaners, pharmacies, business services, and more.
What information is required to apply?
The information needed varies depending on the amount of the cash advance or loan you are applying for. We may require:
• Credit card statements from the past 3 months
• Bank statements from the past 3 months
• A completed application
• A photocopy of your driver's license sent via email or fax
For quicker approvals, you can also provide our Funding Advisors with secure access to your account’s transactional data.
Does ASAP Capital offer lines of credit?
Yes, we offer funding similar to a business line of credit through our merchant cash advance program. With a merchant cash advance, businesses can withdraw less than the full approved amount and request additional funds as needed, provided the business's health remains stable or improves.
Damon: (619) 453 5737