Frequently Asked Questions

The Application Process

The application process is fast, simple and secure. Just fill out our easy 5 minute application or call one of our funding managers. Once preapproved, you will usually receive funding options and offers within hours. The money you need can be in your account within 24 hours.
We know it can be intimidating and often times confusing figuring out how to apply for business capital. We take the confusion out of the process. One of our funding managers will walk you through the simple steps required for approval, explain the options and offers, and facilitate your application through funding.
Our application process is always free to the merchant.
Very little information and paperwork is required. Usually an easy one page application, a few months of banks statements, and items such as a copy of a driver’s license and a copy of a void check are all that are needed for funding.
Funding will usually take place within 1-3 days after being approved.

Basic Requirements

For the majority of our programs, you only need to be in business for a minimum of 3 months, earn at least $5,000 in gross monthly revenue, and have a minimum credit score of 450. However, there are other programs outside of these parameters. Contact a funding manager to discuss your unique situation and find out what options are available to you.
No. We have funding options in all 50 states.
Personal collateral is not a requirement for the majority of our funding programs.
So long as you are not actively in an open bankruptcy case, a past closed bankruptcy is rarely a problem. We have multiple partners that won’t turn you down for a bankruptcy. Our lenders 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. Most programs have no early repayment penalties of any sort. Some will even offer reduced repayment amounts if the loan is repaid early.
No. While we have credit card focused programs, it is never a requirement to accept credit cards. Changing processors is almost never a requirement.
Our lenders focus on the health of your business and personal credit is a secondary factor. Our lenders know that a divorce or a foreclosure during the housing crisis doesn’t have any effect on your ability to run a successful business. We have certain programs where credit isn’t checked at all! Contact a funding manager to discuss your available options.

Loan Programs

We have multiple funding programs. Please see Our Products page to get a clear picture of all the options we have available. Most programs require limited paperwork, no collateral, and challenged personal credit is usually not a problem. However, there is no “one size fits all” program. One of our knowledgeable funding managers will thoroughly explain the options and connect you with the product that best fits your business needs.
Our programs require at least 3 months of time in business and at least $5,000 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.
We have many different programs and term lengths. The majority of our programs are repaid within 6-12 months. However, we do have loans that extend out 1-4 years. Contact one of our funding managers to go over the available options.
Most funding programs typically range from $5,000 to $500,000. The amount you are approved for will depend on many factors. The lenders will look at your business and unique situation. Contact one of our funding managers 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.
The payment is typically made through a small daily or weekly ACH drawn from your business checking account. However, we have alternatives that offer monthly repayment programs or credit card hold-back options. Contact one of our funding managers to go over the options available to you.

Fees

The rates and fees charged by our financial 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 money borrowed, some are based on an APR. One of our funding managers will walk you through our application process and get you a no-obligation offer(s) within hours.
There are never any fees to use our service. We receive a small origination fee from our lending partners only once you have been funded. We work on your behalf and focus on getting you the working capital you need.

About One Park Financial

We approach each merchant with a unique and personal touch unlike most other lenders or services. The strong relationships we have built over the past 5 years with lenders across the country ensure you will receive the most qualified offers with the best rates and terms. One Park Financial strives to build a long-lasting relationship with each and every merchant 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 our merchant’s personal information very seriously.That is why we employ the most secure data encryption technology in the industry.