We strive to answer all your questions in a professional and timely manner. Below are the answers to some of the more common questions we get asked. Please feel free to call us toll free at 1 (866) 473-1455 or email us at [email protected] and speak directly to one of our knowledgeable representatives for more detailed answers to your questions.
Answer: Platform Funding is a company that provides alternative funding solutions for businesses. We can provide opportunities/options between $5,000K – $3,000,000 based on different qualifying factors and criteria. We’ve created our financial services network with your business goals in mind. No matter how much or little you have, we’ll provide the best funding options for you.
Answer: Funding is the process of providing financial resources or assistance to a person or organization. There are many different types of funding, but all of them serve to provide financial support for a specific entity to enable it to meet financial needs, pursue goals, or carry out activities. The most common types of funding are grants, loans, and working capital advances.
Answer: Generally speaking, a company needs funding to grow, develop and/or maintain its current business operations. If a business does not have adequate funding, it may not be able to sustain its operating needs resulting in decreased profitability, growth, or success. Business funding is generally needed for equipment, supplies, material, employee payroll, marketing, and many other potential operating expenses that a business has to cover to remain open and functioning.
Answer: Platform Funding has streamlined the process to help your business obtain funding or working capital from our vast network of funding companies. Simply fill out our short online application, submit your last 4 months of business bank statements and let us do rest! Typically, we can have approval and funding options within hours of your application and bank statements being submitted. If you decide to move forward, we require minimal documentation, and our turnaround times are the fastest in the industry. With motivated clients we can get them through the entire process WITHIN 24-48 hours! Our team is always on standby and will walk you through the process.
Answer: No. The prequalification request is based on a “soft pull” which does not negatively impact your credit score. Many other brokers cannot do this which is just another reason why Platform Funding is among the best companies in the US providing alternative funding solutions to businesses.
Answer: No, if you apply through Platform Funding there is zero cost or obligation! Our team is excited to walk you through our application process, provide you with all the options you qualify for, and help you make the best choice for your business. Whether you are looking for equipment leasing, term loan, line of credit, or revenue based financing we will provide you with every option available and help structure the funding to best suit your specific business needs.
Answer: Bad credit is ok! We realize owners have life events that come up that may negatively impact their credit score such as divorce, medical expenses, bankruptcy, or past accounting services. This shouldn’t prohibit you from obtaining the capital you need to maintain or grow your business. Platform Funding will work through any scenario possible to get you funding options in a fast & flexible manner that is customized to meet the needs of your business. Although business loans and lines of credit are more difficult to secure with bad credit, Platform Funding looks at many factors to try to get your business qualified for the funding that you need.
Sometimes this process requires time and patience, but Platform Funding prides itself on helping businesses achieve their goals through smart long-term planning. More than two thirds of the businesses that use our services once, decide to work with us again in the future. As your business grows and becomes more profitable, your relationship with Platform Funding develops and we can provide you more funding options in the future. Call and speak to one of our Agents to find out more today!
Answer: Depending on your industry and your specific business needs, Platform Funding will work to customize the funding options to best suit your business and the goals you are looking to achieve. Apply now and let us show you what we can do!!
Answer: Financing is the process of providing money for a business or any other type of enterprise. Sources of financing include borrowing from a lending institution, selling equity in the business, or receiving capital from individuals or organizations.
Answer: Alternative funding solutions come in a few different forms such as business loans, lines of credit, revenue based financing, invoice factoring, or equipment leasing. These methods are more readily available to businesses than traditional financing, and the application process is faster and simpler. Contact Platform Funding to discuss the best options available for your business!
Answer: Per the Cares Act of 2020, The Employee Retention Credit is a refundable credit that businesses can claim on qualified wages, including certain health insurance costs, paid to employees by an eligible employer. For employers who qualify, including borrowers who took a loan under the initial PPP, the credit can be claimed against 50% of qualified wages paid, up to $10,000 per employee annually for wages paid between March 13, 2020 and Dec. 31, 2020.
Answer: There are many ways to increase the amount of working capital available to your business. At Platform Funding, we’re proud to help companies from all over the US fill existing needs and achieve future goals. Keep in mind that our goal is not just to provide you working capital options once, but to see your business succeed and therefore come back to us with future funding needs.
Let’s start getting you funded. Use the link below or call (866) 473-1455.
Our process is simple, fast, and secure.
