FAQs About Low Interest Business Loans
Who Is RAN Funding?
RAN Funding is (Revenue Access Network) a leading service provider of business loans to small to medium sized businesses across the US. We help find the best financing solution for businesses in all industries.
What Is The Process?
RAN Funding offers a fully automated process with our technology or via a business advisor to get your business loan options with only one simple application and have a response within hours. We compare the top industry options that fit your needs
How Quick Does It Take To Get Approved For A Loan?
Applying for a loan only takes minutes with RAN Funding’s technology. The funding can take place within the same 24 hours of approval. Average funding time is 24-72 hours depending on financing option.
How Quickly Can I Receive My Funds?
We can fund in as little as 24 hours but typically takes 1 to 2 days after approval.
Am I Eligible For Business Financing?
Our requirements are a minimum of six months in business, at least $10,000 in monthly revenue or $100,000 in yearly revenue, and business bank statements. Minimum FICO of 500.
Is My Credit Score Affected By Checking Options?
Completing an application will not affect your credit score. However, when you proceed with certain financing options your credit score may be affected.
If I Had Previous Credit Problems, Can You Still Help?
Yes, we can help businesses with prior credit issues or low credit scores.
Can I Receive Funding If I Already Have A Business Loan?
Yes, we can help your business if additional funding is needed.
What Are The Financing Terms?
With our network of business financing options, we offer loans from 3 months to 10 years depending on your choice of financing and qualifications. Repayment options include daily, weekly, semi-monthly and monthly.
Can I Payoff My Loan Early?
Yes, all financing options offer no-prepayment penalty and sometimes early payoff incentives are offered.
Are The Loans Unsecured?
We offer unsecured and uncollateralized financing options. However, there are options that may be collateralized.
Is My Information Safe To Email Or Send To RAN Funding?
Yes, RAN Funding uses top of the line security systems and firewalls to protect all company and client information.
How Do I Download My Bank Statements?
Step 1. Log in to the business bank account website
Step 2. Click on your statements
Step 3. Click “Save” on the statements that you want to download or Click “Print” and then save as a PDF to computer.
Step 4. Download the statements to your computer, attach PDF to email and send to your funding advisor.
Step 5. If you have an issue downloading statements, please call your bank branch or representative directly and request PDF copies of your 4 most recent bank statements and send to your funding advisor.