Frequently Asked Questions
How long does it take to receive funding?
Funds can be transferred in as fast as 24 hours for working capital and equipment financing. For SBA loans, please allow 2-4 weeks for processing.
Will applying affect my personal credit score?
No. To explore your business funding options, we do not pull a personal credit report. If you accept funding, we will do a soft credit pull which will not affect your score.
What if I have a previous bankruptcy, judgement or tax lien?
Having a previous bankruptcy, judgment, or tax lien on your record does not immediately disqualify you. We will look at these issues on a case-by-case basis to find the right solution.
What are the rates for a small business loan?
Rates start as low as 3.75% for our secured small business loan products. Get in touch with us to determine the rates and details for your specific situation.
What information do I need to provide with my application?
For our unsecured funding programs, we’ll review your most recent 3 months business bank statements. For SBA loans and real estate loans, we’ll request a full financial package.
What if my credit score is not satisfactory?
Having bad credit does not disqualify you from funding. We look at other strengths in your business like industry, time in business and cash flow trends to secure the ideal funding solution.
American Business Services has been a wonderful funding partner.
American Business Services has helped us with operational cash flow crunches over the years. I really appreciate their transparency and professionalism. Highly recommended.
Janet Kim
Manager – Abstract
