Frequently Asked Questions
Straight answers to the questions we hear most.
Is I Will Lend You Money a direct lender?
No. We are a technology platform that matches qualified small businesses with direct lending partners. We do not underwrite or fund loans ourselves. This keeps us neutral and focused on finding you the best available option.
How fast can I get funded?
Merchant Cash Advances can fund in as little as 24 hours. Business Term Loans typically fund within 24 to 72 hours of approval. Equipment Financing takes 1 to 5 business days depending on the equipment quote and vendor.
Will applying affect my credit score?
No. We only use a soft credit pull for pre-qualification, which does not appear on your credit report and does not affect your score. A hard pull is only done when you accept a final offer from a lender.
What are the minimum requirements?
Minimums vary by product. Business Term Loans require 6+ months in business, $10,000+ monthly revenue, and a 600+ credit score. MCAs are the most flexible at 3+ months in business, $10,000+ monthly revenue, and 500+ credit. Equipment Financing requires 12+ months in business, $10,000+ monthly revenue, and 620+ credit.
How much can I borrow?
Business Term Loans: $10,000 to $500,000. Merchant Cash Advances: $5,000 to $500,000. Equipment Financing: $5,000 to $2 million, up to 100% of the cost of the equipment being financed.
What documents will I need?
At minimum, the last 3 months of business bank statements. For larger loan amounts or equipment financing, you may also need the last 2 years of tax returns, a profit and loss statement, and a vendor quote. We tell you exactly what you need when you apply.
Can I apply with bad credit?
Yes, especially for Merchant Cash Advances. Our lending partners fund businesses with credit scores as low as 500 for MCAs. Term loans and equipment financing require higher credit scores.
Do you charge application fees?
Never. We do not charge you anything to apply, to see offers, or to get matched with a lender. Our lending partners compensate us only when a loan is successfully funded.
What happens to my information?
Your application data is encrypted at rest and only shared with the specific lending partners we match you with. We do not sell your data to third parties and we never put you on a general lead list. Read our privacy policy for full details.
What if I want to talk to a real person?
Call us at 1-866-315-LEND. A funding specialist will answer and walk you through your options before or after you apply.