FAQs
Find answers to frequently asked questions.
Products
What products does Grand Funding offer?
We provide both business term loans and business lines of credit. One streamlined application is all you need, and our advisors will evaluate which product fits your business needs best.
What are the loan amounts and terms?
- Term Loans: $5,000 – $400,000, with terms up to 24 months.
- Line of Credit: Up to $200,000. A line of credit is revolving, so repaid funds become available again for future use.
Are your loans secured?
Grand Funding term loans are secured with a general lien on business assets and backed by a personal guarantee. No specific collateral or appraisal is required. Our line of credit can be unsecured, depending on your business profile.
Application
How do I qualify for Grand Funding financing?
Typical qualifications include:
- Minimum one year in business
- Minimum annual revenue of $100,000
- Personal credit score of 625 or higher
Business checking account
Does checking eligibility affect my credit?
No. We perform a soft credit inquiry to review your options without impacting your credit score.
What information do I need to apply?
Basic business and ownership details, such as:
- Business Tax ID
- Last three months of bank statements
- Social Security number of owner(s)
How does the application process work?
Our online application is streamlined and can be completed in just minutes. We evaluate which funding product best suits your business and guide you through the process.
What industries do you support?
We work with over 700 types of businesses, including restaurants, healthcare providers, contractors, and more. Some restricted industries may not qualify.
What are your rates and fees?
Rates depend on your business profile and cash flow. An origination fee of 0–4% may apply.
Is there any obligation if I apply?
No. Applying does not commit you to accept any offer. Loan offers are valid for 30 days.
Funding
How does funding work?
Once approved and your agreement is signed electronically, funds are disbursed according to the terms outlined in your agreement. You’ll work with your advisor to understand timing and details.
How do term loans work?
Term loans are deposited into your business account according to your approved terms.
How does a line of credit work?
You can draw funds up to your approved limit and repay as you go. As you pay down your balance, your available credit replenishes.
Repayment
How does repayment work?
Payments are structured based on the product you select (term loan or line of credit). Payments are automatically deducted from your business bank account according to your schedule.
Can I pay off my funding early?
Early repayment may be available depending on your agreement.
Account
How can I access my account?
You can view balances, payment history, and other details through your online client portal.
Can I update my bank information?
Please contact your funding advisor to securely update bank details.
How do I release a UCC filing once my loan is paid?
Email Grand Funding Customer Support with a written request once your loan is fully paid.
Term Loan Customers
What should I know as a term loan customer?
You’ll receive a clear repayment schedule, access to your advisor for questions, and guidance on any additional funding needs.
How can I monitor my loan?
Use your online account to track balances, payments, and term details.
Line of Credit Customers
What should I know as a line of credit customer?
You have access to your approved limit and can draw as needed. Payments replenish your available credit.
How do I track my line of credit?
Your online account shows your available credit, balance, and payment activity. Your advisor is available for any support or guidance.