Frequently Asked Questions

Working capital is the money used to cover all of a company's short-term expenses, including inventory, payments on short-term debt, and day-to-day expenses—called operating expenses. Working capital is critical since it is used to keep a business operating smoothly and meet all its financial obligations.

Getting started is easy. Simply fill out an application online which only takes a few minutes, then our team can review your information and provide you with the best funding solutions for your business.

Often times we can secure funding the same day you apply. If your business qualifies, we can arrange for same day funding via wire transfer or ACH.

No, we do not charge any fees to apply or receive an offer.

Applying is easy and hassle-free. Along with the required information in the application process, we need the last 4 months’ bank statements from your business account. In rare situations, if additional documents are needed one of our team members will reach out to request them.

ACR Funding does not perform credit checks. However, some lenders may pull a soft inquiry also known as a soft credit check or soft credit pull. Unlike hard inquiries, soft inquiries do not affect your credit scores.

While personal credit is considered to determine the creditworthiness and overall fiscal responsibility of a borrower, having good credit is not a criteria to qualify for business funding. We provide a fast and efficient financing process based on the overall performance and health of the business.

Traditional lenders such as banks have made it extremely difficult for small business owners to qualify for loans. Banks reject upwards of 80% of the small business loans due to bad personal credit scores of the borrowers, limited time in business, collateral requirements, and other red tape. With that said, applying for one of the funding solutions from ACR Funding is a much better option because you get unsecured, immediate access to working capital with flexible repayment terms.

A revenue advance, also known as a merchant cash advance, is not a loan, rather it is an alternative source of fast working capital for your business via a purchase of a portion of your future revenues. Those revenues could be via payment card receivables for example, or other regular revenue streams your business receives. Unlike a loan that will require a fixed monthly payment amount, your business will only make flexible daily remittances to repay the revenue advance, based on a percentage of actual future receivables.

We offer funding for a large number of industries, including high-risk industries like construction and contracting. However, we do not provide funding for businesses associated with gambling, firearms, or adult entertainment.

Yes, you can still qualify if you meet the requirements with no effect on your traditional bank loan. If you already have an advancement, once you make 60% repayment of your existing advance you can apply for a renewal with ACR Funding, subject to your satisfactory repayment performance. For more information about please contact our financial experts.