How do I sign up?
Signing up is made extremely easy and, most importantly, free for our new users at Beyon Funding. All you need to do is fill out the form available on our home page, or you can call one of our members if you are in need of any help and guidance. Our members will guide you through the entire process.
As soon as you are able to submit your application forms, one of our members will get in touch with you in a matter of hours. Our member will ask a few simple questions and will get you going.
What types of products are available?
Our services include.
- Merchant Cash Advances
- Unsecured Business Loans
- Asset-Based Loans ( Real Estate, Equipment, Vehicles)
- Factor Financing.
When am I eligible to refinance?
If you are willing to refinance at some point, we have included refinancing options for our users when the amount has to be paid, including the return fees, if any are paid up to 60%.
Is the process difficult?
When it comes to money, people usually find it hard to get around, especially when it comes to investments. But we have made our process extremely easy.
The process to apply has been made as simple as possible, so anyone can easily apply and understand.
You will need to fill out the application form. We, as experts, will help you along the way to complete any further requirements and get you a lender. As soon as we have looked into a number of suitable lenders, we will be able to loan that suits your needs.
How does the program work?
Beyon Funding will find a suitable lender who will help you advance your credit card sales up to 200% or provide you with a cash loan based on your individual business history.
The options provided are unsecured finances. This means that there will be no need for a guarantee from the merchant. Basically, the idea is the lender takes a risk on your business.
There will be fixed percentages on the future sales, which will be used to pay your loans, with the help of a credit card type loan, which is also known as a Merchant Cash Advance.
Do you offer startup business loans?
Because of such a high-risk factor in this business, all of the investors would want to see some sort of history of your performance.
But in case you have been in business for a few months and are able to meet a certain margin only, then a loan can be offered.
How much can I borrow?
Usually, our lenders will fund a business of about $3000 to $500,000. It all depends on the performance of your business.
Can I pay back the advance early?
Yes, most of our lenders will accept payment in full without any penalty. You will need to check with the lender.
What is the interest rate?
For Merchant Cash Advance, you won’t need to pay any interest rate. Most of the lenders use a factor rate, which is a one time cost. It is based on the length of the program, the longer the program, the higher the factor with no late fee or penalties.
How do I pay back the advance?
In an Unsecured small business loan. The lender will need to pull a very small amount of money from your account.
If you are an approved Merchant Cash Advance, the lender will have a holdback percentage. There will be a daily holdback taken until the loan is paid off.
How much does it cost?
The paying back of the loan depends on a number of factors that vary from lender to lender.
What is the holdback percentage?
Once we are able to find a lender who is going to give you a Merchant Cash Advance. It is dependent on a program you decide on.
How long are advanced programs?
The time frame ranges from 4 to 24 months.
Do I have to accept credit cards or change my processor?
No! You don’t need to accept credit cards; it is not a requirement. But in case you do, the lenders have great connections with many different processors, so you won’t need to change your current system.
Why would I use Beyon Funding instead of Bank?
These days banks won’t be lending money as they did before. So it is very difficult to get approved for a small loan. Our lenders will approve of you and can get you funded in a matter of days.
Do you take my personal credit score into consideration?
Your credit score is in fact a factor but not the main factor.
How secure is my information?
Our website is absolutely safe and end to end encrypted, just in the same manner as our banks.
How long does it typically take for the funding process?
Once we are able to match you with a lender, the time frame varies, but it will generally take 48 to 72 hours.
Are you a direct lender?
No, Beyon Funding is basically a service that matches you with different investors.
Are there any state restrictions?
No, there are no such state restrictions.
What are the fees associated with your service?
We don’t charge any fees to work with businesses. The loan fee will be charged based on the working capital.
What can I use the money for?
The lenders will give you more funds once 50% to 60% of the loan is paid. There are a number of refinancing options available for each individual.
What are the basic requirements?
- You have to be in the business for more than 3 months.
- You have to be in the business for more than 3 months.
- Process a minimum of $5000.
- Make a minimum of 5 deposits.
- 1 page application signed by owners.
- Six months of recent bank statements.
- 4 months of recent credit card statement.
- Drivers license.
When can I get more money?
Once you have paid 50% to 60% of the money you owe, you can apply for refinancing.
Who should I call if I have any questions?
You can contact any one of our members at Beyon Funding. We will help you get around all your questions.
If you have questions or would like more information you are welcome to send us a message.