"We will set up a program that is custom tailored for your specific business needs."
Business Loan FAQ - Restaurant Loans, Business Cash Advance, Receivables Financing - Fortis Business Funding - faq

Frequently Asked Questions

What’s the rate?

The costs of these programs vary on a case by case basis. Typically the cost is similar to that of a credit card. There is no application fee.

How long does it take?

Typically the entire process takes 5-10 business days. Funds are direct deposited into your business account.

How much can a business qualify for?

Anywhere from $10,000 to $1,000,000 is available for near instant approval. Business owners typically qualify for 1-2x their average monthly sales volume. So for example a restaurant that grosses 15,000 per month in sales, would qualify for UP TO $30,000.
 

Start up / new businesses?

No. All programs are based on past sales performance.

What’s the payment?

The payment depends on the type of program the business owner chooses. (either fixed or adjustable) The main focus is to find a program that is comfortable for the cash flow of the business.

What if a biz does not accept credit cards?

We do offer programs for businesses that do NOT accept credit cards. At least 6 months of business bank statements are required in order to provide a free quote.

Does this affect a client’s credit?

No since these are not “loans” per say, they do not affect the business owners’ credit.

When is a business eligible for more funds?

Businesses do NOT have to pay back the funding in full before getting more funding. Typically once the balance is down to 50%, they may be eligible for more funding.

What is the collateral? Is there a pg?

Only collateral is an agreement between Fortis and the business owner. There is no personal guarantee.

Why Choose Us?

  • There are no personal guarantees required.
  • Fixed or adjustable payment amounts.
  • Approvals regardless of your credit history with zero credit reporting.
  • No liens on your home.
  • We can have you funded in as little as 5 business days.