United Business Funding Merchant Cash Advance Review 2023
Loan Amount
Factor Rate
Terms
Min Credit
Time to Fund
Company Profile
United Business Funding is a financial services company that specializes in providing funding solutions for businesses. They are headquartered in Farmingville, New York, and have been in operation for over 20 years. The company prides itself on its customer-centric approach, offering personalized service and tailored financial solutions to meet the unique needs of each business. They have a team of experienced professionals who are dedicated to helping businesses succeed by providing them with the necessary financial resources.
The company has a strong commitment to integrity and transparency, and they strive to provide their clients with the best possible service. They believe in building long-term relationships with their clients, and they work hard to ensure that their clients are satisfied with the services they receive. They have a strong track record of success, and they have helped many businesses achieve their financial goals.
Products & Services
United Business Funding offers a variety of financial products and services to meet the needs of businesses. These include Small Business Loans and Merchant Cash Advances. They provide unique solutions tailored for specific business needs. They can provide funding ranging from $2,000 to $2,000,000 in as little as 3 business days.
Their Small Business Loans are designed to help businesses meet their financial needs, whether it's for operational costs, equipment purchases, or to help the business grow. On the other hand, their Merchant Cash Advances offer businesses the opportunity to receive an advance on their future credit card sales, providing them with the immediate capital they need.
Pros and Cons
Pros:
1. Quick and easy application process.
2. Flexible repayment options.
3. Funding available for businesses with less-than-perfect credit.
4. Personalized service tailored to each business's unique needs.
5. Wide range of funding options available.
Cons:
1. Information on the website can be difficult to find.
2. Not all industries may be eligible for their services.
3. The company does not provide services to start-ups.
4. Sales of less than $10K per month will not qualify for their services.
5. The company does not have a FAQ page on their website.
Ideal Customer
The ideal customer for United Business Funding is a small to medium-sized business that has been in operation for at least a year and generates a minimum of $10,000 in sales per month. These businesses may have less-than-perfect credit but have a steady flow of credit card sales. They are looking for quick and flexible funding solutions to meet their operational needs or to help their business grow.
Required Documentation
To apply for funding with United Business Funding, businesses may need to provide proof of monthly revenue, business bank statements, voided business checks, and a government-issued ID for each business owner.
Industries and Restrictions
United Business Funding provides services to a wide range of industries. However, they do not provide services to start-ups or businesses that generate less than $10,000 in sales per month.
State of Operations
The company is based in Farmingville, New York, and provides services to businesses across the United States. There is no information available on their website about any state restrictions.
Basic Qualifications
To qualify for funding with United Business Funding, businesses must have been in operation for at least a year and generate a minimum of $10,000 in sales per month. The exact amount of funding a business can receive depends on its monthly revenue, how long it's been in operation, and its credit score.
Collateral or Guarantees
There is no information available on their website about the type of collateral or guarantees required for their products.
Alternatives
Businesses looking for alternative options to United Business Funding could consider traditional bank loans, credit unions, or other online lenders. They could also consider crowdfunding platforms or seeking investment from venture capitalists or angel investors.