FREQUENTLY ASKED QUESTIONS
Frequently asked questions
Q: How do you provide value to my business?
Q: What is the application process?
The application process is straightforward and should take approximately five minutes. You can submit an application through our website to guide you through the process. Once we receive your full application and supporting documents, you will receive an offer within 24 hours.
Q: I have bad credit and even a previous bankruptcy. Can you get me funding?
Q: What can I use the money for?
Q: How long does the approval process take?
Typically, approval is within 48 hours after we receive your full application, but it can take up to 72 hours, depending on how quickly you provide the required information, as well as the amount of funding being requested.
Q: How long does is take to receive the funds?
We have several lenders that we work for and depending on the loan program that you are qualified for, the funds could take as little as 24 hours to reach your account or longer than 3o days in the case of an SBA loan for instance.
Q: How does the Seventh St process work?
We pride ourselves with making sure that we understand your needs and we then match you with the best products suited for you. We don't do a one size fits all. We know you have unique business needs. We assess, we match, we fit your future goals with your present dreams. Once we receive the quick application or the full pre-qualification application, as well as a couple of supporting documents, funding can take place as fast as 24 to 48 hours.
Q: How much money will my business be eligible to receive?
The amount that you qualify for varies, but is generally between 75%-125% of your business’ monthly sales revenue. Other factors such as your credit, the time in business may be considered depending on the loan program.
Q: What Types of industries do you work with?
We work with over 500 different industry groups in a variety of sectors, such as food service, health care, automotive, textiles, manufacturing, construction, technology, and retail. Click here for a more complete this form.