Starting The Process
The process to see if you qualify for business capital is fast, simple, and
secure. Just click
here to get started or call one of our funding experts.
We know it can be intimidating and often times confusing figuring out how to
secure business capital. We strive to take the confusion out of the process. One of our funding experts
will walk you through the simple steps required for evaluation, explain the options and offers, and
facilitate your inquiry through funding.
You do not incur a fee to start the process or review any funding option we
share with you. In the event that you secure funding through our services, you will be charged a
professional service fee.
Very little information and paperwork is required. Usually an easy one-page customer information
profile, a few months of bank statements, and items such as a consumer report, copy of a driver’s
license and a copy of a void check are all that are needed for funding. There may be times when a funder
may ask for other items such as taxes or proof of ownership. It’s all contingent upon the funder.
Funding will usually take place within 1-3 business days after being approved.
Basic Requirements
We work with affiliated and nonaffiliated 3rd parties called “Funders” that
provide small businesses capital by purchasing future receivables. We work with
you to secure the capital you need for your business. For most of our programs, you only need to be in
business for a minimum of 3 months, earn at least $7,500 in gross monthly revenue, and have a minimum
credit score of 500. Contact a funding expert to discuss your unique situation and find out what options
are available to you.
We work with all US states excluding California.
So long as you are not actively in an open bankruptcy case, a past closed bankruptcy is rarely a
problem. We have funding partners that won’t turn you down for a bankruptcy. Our funders know that a
past divorce or a foreclosure during the housing crisis doesn’t have any effect on your ability to run a
successful business.
Yes. In fact, some will even offer reduced payment amounts if the advance is paid early.
No. This is not a requirement.
All our funders only provide business capital, not consumer credit. While personal credit is a part of
the typical underwriting process, other factors such as the strength of your business are very
important. We have a variety of funders, affiliated and 3rd parties, including those that work with
those who have personal credit challenges.
Funding Programs
You must have at least 3 months of time in business and at least $7,500 in
gross revenues per month. If you are a
start-up business that meets these prerequisites, contact one of our funding experts to go over the
options available.
Our funders have many different programs and term lengths. The majority of
these programs are repaid within 4-12 months.
Most funding programs typically range from $5,000 to $500,000. The amount our
funders may offer you will depend on many
factors. Funders will look at your business and unique situation. Contact one of our funding experts to
see how much
funding is available to you.
Most businesses use the working capital to purchase inventory, cover payroll, pay taxes, or expand their
business. The
truth is you can use the money for any purposes that will help you grow your business.
Fees
Typically, the funder will purchase future receivables. Your business
typically makes a payment to the funder daily or weekly via ACH debit drawn from your business checking
account.
The rates and fees charged by our funding partners will vary based on multiple factors. Things like past
earnings, time in business, and your industry will all play a part. Some are based on a flat fee on the
amount funded, some are based on a factor rate. One of our funding experts will walk you through our
application process and get you a no-obligation offer(s) within hours.
We receive an origination fee from our funding partners, and we charge a professional service fee ONLY
once you have been funded.
About One Park Financial
We approach each of our business customers with a unique and personal touch
unlike most other funders or services. Our
goal is for you to receive a quality offer appropriate for your business. One Park Financial strives to
build a
long-lasting relationship with each and every business we work with. Let us take the leg work out of the
process so you
can focus on what you do best.
We take the safety and security of each business customer's information very seriously. That is why we
employ data encryption technology.