Frequently Asked Questions
Should I buy an existing business or start a brand new one?
Even in this current economic environment we are still providing solutions for both scenarios. If the start-up project is under 750k and you are expanding by adding an additional location, we are still offering our Conventional, non-SBA loan program with minimal capital injection. If the project exceeds 750k, we will utilize our SBA 7a or 504 loan program. However, depending on the size of the Start-Up project, it’s still easier to qualify for a loan with an existing business generating a positive cash flow.
Does US Professional Funding offer a guarantee for their services?
Yes, we offer a 100% satisfaction guarantee. Please see our Smarter Guarantee and click on the tab located at the top of the page.
Which lending program is best for me?
Even in this current economic environment, we are still providing solutions for both scenarios. If the start-up project is under 1M we are still offering our Conventional, non-SBA loan program with minimal capital injection. If the project exceeds 1M, we will utilize our SBA 7a program. However, depending on the size of the Start-Up, it’s still easier to qualify for a loan on an existing business generating a positive cash flow.
Even if I’ve built up a savings, do I need to contribute to the project?
In many situations, you will not have to contribute. Depending on the strength of the business, the borrower’s creditworthiness, and the particular requirements, in many situations, USPF can still offer 100% financing. However, in some scenarios with real estate involved, you may need to contribute 5% – 10% of the total project amount.
How quickly can I close?
Although no scenario is exactly the same, if all required documents are provided in a timely manner, a typical conventional business loan can be easily closed in less than 15 business days. With real estate involved and a recently completed appraisal, you can expect to close within 30 days.
How does the funding process work?
- Complete the USPF one-page Confidential Finance Questionnaire (CFQ).
- After you discuss your present situation and objectives with one of our personal financing consultants, you will receive our USPF application.
- Upon receipt and qualifying review of the USPF application and initial document checklist, you will be presented with all of your financing options.
- Select which option fits your specific needs best and then move forward to closing!
Are there extra costs when working with US Professional Funding?
No. USPF never charges application or upfront fees. More than 9 times out of 10, USPF will provide better rates and terms for your specific requirement. USPF is the only financing source in the healthcare industry that guarantees smarter financing and business solutions. No other bank or lender offers this commitment. You will actually save valuable time and money with our streamlined approval and closing process.
Is US Professional Funding a bank?
No. We are not a traditional bank with a one-size-fits-all approach to financing. Instead, we partner with some of the most competitive banks in the nation to provide our clients with flexible and customized lending solutions. This allows us to structure the most competitive programs for each individual client, regardless of the type of project. Our focus is not on our own agenda, but on understanding and meeting the unique financing needs of our clients.
How is US Professional Funding different than my local bank?
Unlike your local bank, we do not require all of your business banking accounts. We only specialize in a variety of different Industries and Services. The experience we have in your specific industry helps us understand the requirements of your transaction and results in the most competitive and customized loan for your specific needs.
What are the benefits of working with US Professional Funding?
USPF offers a full range of business financing nationwide in all 50 states. At USPF, we know the lending process can be stressful and frustrating, so we make it our goal to simplify and streamline every step for each client. By using our exclusive Proposal Evaluating Program, we’ll guide you through the lending maze and recommend programs that will advance your business objectives.
What Business Financing Solutions does US Professional Funding Specialize in?
USPF provides a wide range of financing programs, technology, and claims revenue solutions specifically designed for the unique needs of businesses. Not only does USPF have the ability to structure unique SBA 7a & 504 programs, but we also have the most competitive Conventional financing in the industry.
Why US Professional Funding?
At USPF, we have access to extensive national credit lines across all financing options. This allows us to provide the most competitive funding and loan programs in the industry while maintaining flexibility. Unlike other lenders who may be limited to only one type of lending product, we can tailor both conventional and SBA loans to suit your specific needs, ensuring that you get the best possible financing solution.