Frequently Asked Questions
At Pinnacle Funding, we provide working capital amounts that range from $20,000 to $500,000. The terms vary from 6 to 24 months.
There are many things that you can use the funds for. Here are several examples:
- Implementing business expansion plans
- Managing and purchasing additional inventory
- Equipment maintenance and repairs
- Managing seasonal cost changes
- Facility renovation and remodeling
- Payroll obligations
- Emergency costs
- Tax liabilities
- Many, many more
Yes, with Pinnacle Funding, once you have repaid 50% or more of the original contract, you can then apply for additional working capital.
Usually that is not the case. However, we can help you plan out and/or setup the funding to be in line with your business and plans.
That's possible. We offer merchant cash advances and interest-only term loans that can be funded within hours of application submission. However, every business is unique and funding time may vary.
This is relatively straightforward. Based on your contract terms, repayment occurs as a set payment amount that is deducted from your business bank account.
After you submit all of the necessary documentation, credit decisions are typically reached in 2-4 hours.
There are various aspects to that. Being in business at least for one year helps. Having a majority of company ownership committed is something else. Other factors may include, but are not limited to credit history and sources of revenue.
Before funding occurs, we have several executed document requirements. Those documents include a voided check and a copy of your driver’s license or personal identification card.