FAQs
Find answers to Frequently asked questions
Products
We provide both business term loans and business lines of credit. When you apply with us, you’ll complete a single application, and we’ll assess which product aligns best with your business’s cash flow and funding requirements. Additionally, we offer merchant processing as part of our product suite.
a. Our term loan can offer from $5,000 to $2,000,000 in funding, with term lengths ranging from 6 to 24 months.
Our line of credit has a maximum limit of $250,000. A line of credit is a form of revolving credit, so as you pay down your balance, those funds will become available to use again.
Application
To qualify for funding your business should have the following characteristics:
● Minimum one year in business.
● Minimum of $100,000 in annual revenue.
● Minimum 625 personal FICO score of the business owner.
● Business checking account.
When determining eligibility, we’ll perform a soft credit check on the business owner’s personal credit.
Typically, we only require basic information about yourself and your business.
We may ask for:
● Business Tax ID.
● Last three months of business bank statements.
● Social Security number of business owner(s).
Our application process is simple and typically takes about 10 minutes. You’ll complete one application, and we’ll evaluate which product is the best fit. You can apply online or over the phone by calling (888) 888-8888.
We collaborate with over 700 diverse businesses, spanning various industries such as restaurants, auto repair shops, healthcare professionals, contractors, and numerous other service providers.
CAVALA can deliver a decision in as soon as 1 hour and get you funded the same day!