Professional
Funding Solutions
We are committed to helping you gain access to additional working capital when you need it most. Discover our wide range of working capital solutions and pre-qualify online in a matter of minutes.
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- No impact to your credit score
- Get funded up to $5 Million as fast as same day
- Join over 100,000 small businesses we’ve helped receive funding
We Specialize In The First 4 Categories Listed Below
We are committed to helping you gain access to additional working capital when you need it most. Discover our wide range of working capital solutions and pre-qualify online in a matter of minutes.
Why Choose Innovative Business Funding
Flexible Qualification Requirements
Whether you're starting up or already operating, we offer flexible funding programs designed to help you grow.
Perfect Credit is Not Required
Perfect credit is not required for business loans and we have alternative financing that are designed with small business owners in mind.
Faster Application & Approval Process
We know time is of the essence. Our online application process is straightforward & simple.
Same Day Funding Available
From the moment your paperwork is complete, you can expect to receive funds in as little as 24 hours.
Our Process
We are committed to helping you gain access to additional working capital when you need it most. Discover our wide range of working capital solutions and pre-qualify online in a matter of minutes.
01
Pre-qualify Online
To get prequalified, follow the “Get Started” button and submit some basic business information.
02
Same Day Approval
An advisor will reach out to you within 24-48 hours (during regular business hours) to complete your application and discuss your business funding options.
03
Get Funded
Upon approval and accepting the offer, funds are deposited directly into your business bank account so you can use the money immediately.
Frequently Asked Questions
You will find here the answers to the frequently asked question and our community guidlines, that allow us to study in a motivating and secure environment
Advantages of Online Business Loans
Online business loans offer several benefits compared to traditional loans:
- Streamlined application process
- No need to visit a physical bank or lender's office
- More choices through a broker, allowing business owners to select the best-fitting online business loan
- Adaptable terms and repayment plans
- Quicker approval and fund access
Short-Term Online Business Loans
Lenders provide business owners with loan options ranging from 3 to 24 months. These are often used for specific, short-term projects like:
- Buying inventory
- Starting marketing campaigns
- General working capital needs
Long-Term Online Business Loans
These lenders offer business owners loans lasting 1 to 5 years (some lenders, like SBA, provide even longer terms). Loan amounts can reach up to $500,000, with SBA loans going up to $5,000,000. These loans are typically used for long-term projects such as:
- Major renovations
- Opening new locations
We'll help determine the best options for your specific needs.
Common Uses for Online Business Loans
Online business loans can address various business needs, including:
- Working capital for operational and other expenses
- Cash flow for payroll or one-time gap payments
- Equipment purchases
- Technology or infrastructure investments
- Inventory scaling or purchasing
- Refinancing
- Real estate acquisition
Traditional Loans
- Often require more documentation and collateral
- Have specific qualification requirements
- Follow a stricter underwriting process
- May offer lower fees and interest rates
A business loan is a financial tool used to fund business expansion, cover operational costs, purchase equipment, and pursue growth opportunities.
The Business Loan Application Process
To qualify, lenders typically examine your:
- Credit score
- Time in business
- Business bank statements (to assess cash flow)
Some lenders may request additional information during underwriting.
Yes, but you'll need:
- A strong credit history
- Low credit utilization (usually 10-30% per credit card, depending on the lender)
- Minimal credit inquiries
Yes. When applying for a business loan, use a soft credit report to avoid multiple hard inquiries. As a broker, we can use the same soft credit report without running your credit multiple times. If we notice many inquiries on your report, we may suggest having them removed to improve your approval chances.
We'll send you a link to apply for a tri-merge report from all three credit agencies. This includes FICO scores and costs $1.
Personal credit scores consider:
- Past payment history
- Credit utilization
- Credit history
- Credit mix
- New credit accounts
Business credit scores factor in:
- Past payment history
- Credit history
- Credit/debt usage
- Company size
- Industry risk
Personal credit scores range from 300-850, while business credit scores use a 0-100 scale. Both aim to represent your creditworthiness.
Yes, it's possible. While a higher credit score is preferable for better terms, other factors can influence approval:
- Strong business cash flow
- Increasing annual profits
- Time in business
- Physical business location
These elements can sometimes offset a lower credit score, potentially leading to higher loan amounts.
Absolutely. The feasibility depends on:
- Property location
- Available equity
- Credit score
- Loan type requested
We typically recommend either a private money loan or a Debt Service Coverage Ratio (DSCR) loan. After reviewing your credit report, we'll discuss suitable options during your consultation.
Collateral refers to any asset used to secure a loan. If a borrower defaults, the lender can claim this asset to recover the loan amount.
Yes, it's possible. We'll need:
- Current credit score
- Soft credit pull
- Six months of bank statements
We'll discuss specifics during your phone consultation.
A personal guarantee is a common requirement for business loans, especially for larger amounts or SBA loans. It means the business owner(s) personally commit to repaying the loan if the business defaults. This practice helps lenders mitigate risks when lending to small businesses.
While not always necessary, a DUNS number is beneficial. It's free to apply and helps:
- Establish business credit
- Build payment history
- Potentially secure better loan terms
A good Paydex score (80-100) indicates low credit risk, which can lead to improved terms on loans, insurance, and trade credit agreements.
Yes, you can. We'll assess your creditworthiness based on:
- Personal credit score (680-700+ for better terms)
- Time in business
- Business type
- Annual revenue
- Physical business location
As a broker, we can often qualify you without collateral, using a soft credit pull and no company appraisal.
Business Purpose Loans Using Real Estate as Collateral
Commercial loans typically involve larger sums for major projects like property purchases or construction. Business loans are more versatile, covering various needs from daily operations to smaller projects.
How Commercial Loans Work
Commercial loans often fund short-term operational costs or equipment purchases. They usually require collateral, such as property or equipment. Sometimes, future accounts receivable serve as collateral. Commercial real estate mortgages are a type of commercial loan.
DSCR loans focus on the rental property's income rather than the borrower's. They're ideal for:
- Self-employed investors
- Those with multiple properties
Advantages include:
- Faster approval processes
- Less paperwork than traditional loans
- No income ceiling
These loans offer flexibility for real estate investors, making them an attractive option for many business purposes.
Debt Service Coverage Ratio (DSCR) Loans
Property financing limits (FNMA and FHLMC cap investment property owners at 10 financed properties)
- DSCR loans allow investors to purchase properties under an LLC.
- Note: Real estate investors should be aware that DSCR loans may have higher interest rates, fees, and stricter credit requirements. As a broker, we offer various lender options to find the best fit for your needs.
Example: For a property renting at $4,500 with a total new monthly mortgage payment (including cash-out) of $3,330 PITIA, the calculation is $4,500 / $3,330 = 1.33 DSCR. Generally, >1 indicates positive cash flow, while <1 shows lower rental cash flow. We have lenders who can provide funding even for cash flows <1, depending on factors like equity, loan-to-value after cash-out, FICO score, etc.
Small Business Loan
An SBA loan is a business loan backed by the U.S. Small Business Administration. These loans can fund startup costs, expansions, real estate purchases, or other business expenses.
SBA loans are less risky for lenders due to the federal guarantee. However, you'll borrow from a bank or financial institution, not directly from the SBA.
Yes, SBA loans require a business plan. While other lenders might not need a formal plan, SBA loans typically offer long repayment terms and low interest rates, making them popular among entrepreneurs. The application process is often challenging and time-consuming. If approved, loans require a 10% down payment and may need cross-collateralization on other properties you own. Lender approval processes and guidelines vary and may change.
Testimonials
Consumer Advocacy
I specialize in assisting clients with negotiating the settlement of large balances that appear on their credit reports, in accordance with the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA). My services focus on negotiating structured settlements with creditors, aiming to reduce the outstanding balance and ultimately remove the negative item from your credit report. By leveraging these consumer protection laws, I work to ensure that your rights are upheld while helping you achieve a more favorable financial outcome. Please note, we do not engage in litigation with creditors; we operate strictly as a consumer advocacy service dedicated to supporting you through the negotiation process.
"I first connected with Lori about 2.5 years ago for a project, and it quickly became clear that she offers much more than just exceptional services. Since then, our relationship has blossomed into a fantastic business partnership that has significantly benefited my clients and me. As a Senior Business Development Manager, I work with entrepreneurs and businesses seeking software development, mobile apps, marketing, SEO, animation, CRM solutions—essentially anything related to design and development. While many of my clients have amazing ideas and projects, they often face challenges securing the funding needed to bring them to life. That's where Lori and her team at Innovative Business Funding LLC have been invaluable. Through Lori's flexible funding options and expertise, I've helped more than 40 clients who were struggling with financing get approved for SBA loans and business lines of credit. This funding didn’t just cover the services I provide but also helped them scale and sustain other critical areas of their business. Lori’s team understands the unique needs of small business owners, and their fast, reliable service—often with same-day funding—has been a true game-changer for businesses that need quick access to capital. Lori’s commitment to helping businesses grow is unmatched, and I'm incredibly grateful to have her as a trusted partner in supporting my clients’ success. If you're looking for a funding solution that’s efficient, flexible, and geared toward real business needs, I can’t recommend Lori and Innovative Business Funding LLC enough."
Mike Moreno Senior Business Development Manager