Frequently Asked Questions
FAQs
Funding Eligibility
What do you need to qualify for funding?
A strong credit profile includes 7–10 active accounts, with at least five credit cards in good standing. Utilization should stay under 30%, and your report should be free of recent negative items, with no more than three inquiries in the past six months.
Do I need a business to access funding?
No. You can still obtain personal funding. But if you're eligible for 0% interest offers, establishing an LLC often unlocks higher credit limits and broader financial opportunities.
Can I qualify for funding using only my EIN?
You can, but most lenders still require strong personal credit—typically a 680+ score—to unlock higher limits and 0% interest options.
Can I still qualify with bad credit?
Yes—if your business has strong revenue and at least two years of operating history, you may access non-0% funding programs based on business performance rather than personal credit.
What happens if I’m not approved?
Our team will guide you through a tailored roadmap to get you fundable, which may include credit restoration, strengthening your profile, and strategic preparation.
Understanding the Credit Impact and Application Process
Will lenders pull my personal credit?
Yes — your personal credit score helps lenders determine your dependability and plays a role in business funding approvals.
Will my business credit lines appear on my personal credit profile?
In most cases, they won’t. Our goal is to secure true business credit that remains separate from personal reporting. Only select lenders, like Capital One or Discover, report to consumer bureaus, and we utilize them sparingly.
How will this process impact my credit score?
You may see a minor drop from the inquiries, usually 2–10 points. As your new accounts report and increase your credit limits, your score often rebounds and can even grow stronger.
Does this affect my utilization?
Yes. Opening new credit lines can influence your utilization, but when used strategically, the added available credit often helps lower your overall utilization ratio over time.
What is considered a thin credit profile?
A thin profile means your credit report shows very few active accounts — or none at all — which can make funding approvals more challenging. We can help you build and expand your credit history to improve eligibility.
Funding Process
How soon can I expect funding?
On average, clients receive capital within 7–14 business days. The exact timeframe varies according to lender requirements and document verification.
Why is a business bank account required?
A business checking account provides lenders with transparency, ensuring funds are managed appropriately while also creating a formal banking profile for your company.
What if my funding doesn’t get approved?
If approval isn’t granted, we review the lender’s feedback, identify what held the application back, and guide you toward adjustments or alternate funding options.
What documents do I need for funding?
Lenders may request items such as personal and business tax returns, bank statements, financial reports, proof of income, and valid identification.
Types of Financing and Approved Business Uses
What funding options do you offer?
We offer diverse capital solutions such as business credit lines, structured term loans, equipment-specific financing, and corporate credit card programs.
Can the funds be used for any business purpose?
Yes. Funding can typically be used for nearly any business-related expense, unless your lender states otherwise.
How much funding can I qualify for?
Most clients receive between $50,000 and $150,000 in their first round, with opportunities to secure up to $250,000 as they continue building their profile.
What are the interest rates?
Rates depend on the type of funding you receive, ranging from 0% introductory offers to competitive market-based rates.
Are early repayments penalized?
Not at all. You can clear your balance early with zero additional charges.
Process and Benefits
Why hire Global Prime Funding?
Because we understand how lenders think. Our expertise in credit reporting, banking partnerships, and real client outcomes allows us to position you for the highest possible approvals.
Do I have to use Global Prime Funding to apply?
No. You can apply on your own. But our clients often rely on us to save time, avoid guesswork, and improve their chances of getting the best funding possible.
Is approval guaranteed?
Approval is determined by your personal and business credentials. Our role is to develop a strategic approach that maximizes your eligibility.
What does Global Prime Funding charge?
Costs are determined on an individual basis and typically reflect the funding range you’re aiming for. Connect with one of our financial specialists to receive tailored pricing information.
Is my information secure?
Yes. We take data protection seriously and follow strong security protocols to safeguard your personal and business details.
Industries We Support
What industries does Global Prime Funding work with?
We work with startups, small businesses, growing brands, investors, and larger corporations in many different fields.
Is guidance available once I’m funded?
Absolutely. We stay with you beyond funding to offer advice, resources, and next-step strategies.
GET STARTED TODAY
Your journey to improved credit
and financial freedom
starts here.
Speak With a Financial Strategist
We’ll design a plan that fits your needs and supports your long-term success.
PLEASE FILL OUT CONTACT INFO
SO WE CAN HELP ANSWER YOUR QUESTIONS & TELL YOU IF YOU QUALIFY
Copyright© 2025 Global Prime Funding. All Rights Reserved