Applying for a Loan
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01. Is there any cost or obligation when I apply?
There is no obligation and no cost whatsoever when you apply for funding through Mulligan.
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02. How much can I get?
The amount of funding available to your business will depend on a variety of factors. Our offer will be tailored to your specific situation. Based upon your needs, finances and business revenue, we’ll work together to create a package that works best for your business.
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03. If I qualify, how much funding can I expect?
If you qualify, a reasonable expectation is between 6-12% of your gross annual sales. Contact us today to determine exactly how much you’re qualified to receive.
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04. How long does it take to get approved and receive my funds?
Not only is the application process quick and easy, our approval process normally completes within a few hours*. Funds are typically delivered the next business day after approval*. And now with our online loan checkout, you can access, review, and finalize your loan information in one place online.
Qualifying for a Loan
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01. Do I qualify for more working capital?
You may qualify for financing options through Mulligan Funding if your business has:
– Been in business for at least 6 months
– At least $750,000 in revenue over the last 12 months
– A 625 credit score
– 3 months of business banking statements
– No open bankruptcies
– Consumer credit history -
02. Does my credit score affect my eligibility for a business loan?
Your credit score is only one of many factors Mulligan Funding uses to determine your eligibility for funds. It is NOT the primary decision criteria for loan approval. And, perfect credit is not required.
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03. Do you require collateral?
We often do not require collateral but reserve the right to do so under certain circumstances.
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04. Will you pull my credit report?
We perform a “soft pull” credit check of your consumer report after you apply for funding. This process will not impact your consumer credit score.
Terms of a Loan
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01. What is the typical length of a business loan?
Timeframes are determined on an individual basis. They normally range from 3 to 24 months.
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02. Are there restrictions on how I can use my funds?
Unlike some bank loans, you are free to use the funds for any business purpose1. At Mulligan, we believe you know your business needs best.
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03. How does repayment work?
Repayment consists of a small daily or weekly fixed payments. You’ll never need to worry about coming up with a large monthly payment. Small daily ACH payments ensure you won’t need to be concerned about sending in checks or missing due dates.
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04. Can I pay off my loan off early?
You can repay your outstanding balance at any time without incurring any new charges.
Your best option
Why is a Working Capital Loan Better than a Merchant Cash Advance?
A working capital loan has several advantages over a merchant cash advance:
02.
Merchant cash advance payment amounts fluctuate from day to day based on a percentage of your sales. This could make it challenging to determine exactly how long it would take you to comfortably repay the loan.
03.
Merchant cash advance lenders may require you to change your credit card processor, exerting more control over your account.
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A working capital loan has none of the these limitations.
Straight Forward Funding
Watch How a Working Capital Loan Can Help Your Business
Forward
Business Funding Through Mulligan Funding
Mulligan Funding provides
access to funding
for businesses.
We are not a Broker.
We have direct access to the capital that you need – so we don’t need to “shop” your application around in search of an appropriate lender, as many brokers do.
Why does this matter to you? Many brokers send your application to several lenders simultaneously, which can mean multiple credit pulls and duplicative requests from various lenders. In addition, since there are no brokers and commission involved when you deal with us, we’re able to provide very competitive pricing.
Business Funding Through Mulligan Funding
Mulligan Funding provides
access to funding
for businesses.
We are not a Broker.
We have direct access to the capital that you need – so we don’t need to “shop” your application around in search of an appropriate lender, as many brokers do.
Why does this matter to you? Many brokers send your application to several lenders simultaneously, which can mean multiple credit pulls and duplicative requests from various lenders. In addition, since there are no brokers and commission involved when you deal with us, we’re able to provide very competitive pricing.
Contact Us
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Additional
Questions?
For more information, contact one of our friendly and knowledgeable financing experts today. Give us a call today at:
855-326-3564