FAQs

We work with every and all types of industries. Small, medium and large businesses engage Primal Source Financial on their financing needs.

We handle all commercial loan sizes from $5,000 for small merchant cash advances, to well over $20,000,000 for middle-market financing facilities.

We are a premier business finance solution provider. We have strong working partnerships with commercial banks, savings banks, credit unions, and private/alternative lending sources that are capable of providing funding for your business growth without any unnecessary complications. Most of our lending partners can handle all types of alternative financing.

Primal Source Financial service area covers all 50 States of the United States, Canada, and the United Kingdom.

While SBA is the best source for startup funding, not all startup meets the funding requirements. There are various alternative funding sources available for a startup company that can keep the engine running while business owners are waiting for SBA funding. Primal Source Financial handles SBA 7(a) financing, equipment financing, and asset-based loans for startups.

We streamlined our application and approval process with cutting-edge technology that allows most applications to get a decision within hours.

Several factors that determine fund disbursements are Loan Type, Loan Amount, and Applicant’s Credit or Business Credit profiles. While some loan types may receive the through Wire Transfer into their business account within 24 hours of the approval notice, other loans such as SBA could take up to 90 days to receive the fund.

There are no fees associated with applying for a business loan and also there are no out-of-pocket charges to the applicants. The Lenders pay us upon successful completion of the loan transaction.

Primal Source will make the efforts to submit the loan application to the closest possible match to the application profile. Every Lender’s underwriting criteria are different and pride ourselves on high success rates in finding the best funding solutions for our clients.

Business types, Loan types, and applicant’s profile are a factor in minimum requirements:

Below are the basic requirements for a business loan application.

6+ months in business
$5,000 monthly revenue
500+ FICO Score

To find out about funding eligibility for your business, contact one of our experienced Loan Consultants/Advisors at 800-745-1617 or click here to get started.

Depending on the loan type, most loan types require at least 3 months of bank statements to review your business’s revenue to determine underwriting criteria. Some loan types such as Real Estate funding may require more documents. SBA funding may require more documentation than Merchant Cash Advance. These documents can be transmitted electronically to facilitate a quick process of the application.

Completing our online application is only a prequalification inquiry and does not affect your credit score. When you chose to execute the loan application, your credit score may be affected. To minimize the impact on your credit score, we recommend doing a soft pull of your credit history before finalizing the application submission for certain loans.

Some business credit applications do not impact personal credit at all if such a business has established business credit profiles. Certain business credit only looks at the personal credit of the business owner(s) to determine underwriting criteria for the business loan however, once the loan is effected, the credit history is independent of the personal credit.

Primal Source Financial and our funding partners take the protection and security of applicants’ information as a priority. We use the latest Secure Sockets Layer (SSL) technology and the standard bank-level encryption to protect the clients’ data.

Most loan types can be paid off early without prepayment penalties or additional fees. Some loan types may incur prepayment penalties in which case borrowers are allowed to buy into the prepayment option when taking the loan.

How can I apply for A business loan with primal Source financial, L.L.C.

Just answer a few simple ‘No Credit Score’ Impact questions about your business, business ownership, and revenue data. And sometimes a few additional personal information depends on the loan type. It only takes a few minutes to complete. Click here to APPLY.

Primal Source will make the efforts to submit the loan application to the closest possible match to the application profile to prevent the possibility of loan application declination. And if an applicant is declined by the primary lender, we will make the effort to put the application through secondary lenders. In the event, that the applicant is not approved by the secondary. The consultant/advisor will look into the reason and work with the applicant to remediate why the application was declined and make recommendations on corrective actions to get the application approved in the nearest future; usually within 30-90 days.

Every Lender’s underwriting criteria are different and we pride ourselves on high success rates in finding the best funding solutions for our clients.

For those applicants that have been identified with challenging credit history, Primal Source will encourage them to undergo credit counseling and repair intervention to facilitate future opportunities in growing their personal and business dreams. Most lenders based their decision on personal credit history when establishing business credit. Until the business entity has established tradelines, personal credit history may be a determining factor in lenders’ decision-making process. This is why we provide this valuable service to our clients with challenging credit histories. Understand that every Lender’s underwriting criteria are different and we pride ourselves on high success rates in finding the best funding solutions for our clients.

No credit impact application takes only a few minutes to complete.

Click here to APPLY.