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How do I sign up?
Just fill out our form on the homepage or call our toll free number to get started. Signing up is easy and free. Once you submit your application, a Funding Manager will contact you within hours to ask a few simple questions to get you the money you need.Is the process difficult?
The process is not difficult at all. We want to make applying as simple and easy to understand as possible. You fill out the application and we work hard to fulfill the rest of the requirements to get you set up with a lender. Once we have compared multiple loan offers, we will match you with options so you can decide which best suits your needs. This is your decision and You know what is best for Your business!How much does it cost to apply?
It is always free to apply.Do I have to accept credit cards or change my processor?
Accepting credit cards is not a requirement for funding, nor do you have to change your processor.What information will I need to provide?
The type of information required varies by product and lender. Typically, you’ll need your: Business Tax ID; previous 3 months credit card statements; previous 6 months bank statements; social security number and driver’s license number.Do you take my personal credit score into consideration?
Your personal credit score is a factor, but not the only decision factor. The lenders in our network weigh FICO scores differently and most assess your past and current business performance as the main factor. So long as you have at least a 450 credit score, you can get approved! We have various lenders with many different funding options so don’t be discouraged just because you have less than perfect credit.How long will it take to receive my funds?
The application process is quick and should only take 10 minutes. Once you have sent it in along with your bank statements, one of our Funding Managers will be in touch with you by phone or email to obtain further information. Approvals usually happen within 1 business day. Once you are matched with a lender, normally you will have the funds in your bank account within 2-3 business days. It’s that simple.
How do I get a business loan?
Applying for a business loan or merchant cash advance is simple. Just fill out the online application form on our homepage or call 1-888-850-2580 to get started. Once you submit your application, a funding manager will contact you within twenty-four hours or less (usually within minutes) to assist in completing your application and finding the business finance product that is right for you.How does the loan program work?
There is no “one-size-fits-all” financial product. Based on your particular business, Maxiant will assist you with the working capital that meets your needs and match you with a lender that will provide you with a merchant cash advance or business loan based off your specific criteria. Usually, there are agreed upon fixed percentages on your future sales that go towards paying back your balance in the form of a daily or weekly remittance.
We have multiple sources of alternative financing options that may suit your individual needs. A dedicated Funding Manager will review all available options.Does my business qualify for a loan?
Lending requirements vary by product and lender. Most lenders use some combination of the following criteria to make lending decisions: length of time in business; average sales volume; personal credit score; and other debt. Generally, the lender wants to ensure you will be able to afford to repay the loan while continuing to grow your business. If you’re unsure whether your business will qualify for a loan, just call and ask!Do you offer start-up business loans?
Under most circumstances, our lenders would like to see some history in order to offer you an advance based on future performance expectations. If you have been in business for at least 3 months, earn $8,000 per month in revenue, and can meet certain criteria, loan offers can be made.How long are the loan programs?
Our lender’s loan programs typically range from 3 to 18 months. Programs can be shorter or longer, depending on the financial product you desire.How much money can I borrow?
Our lender network will loan between $2,500 and $500,000.How do I pay back the loan?
For qualifying merchants, we offer traditional business loans that are repaid twice-monthly or monthly with rates starting as low as 5.99% APR. In regards to a Merchant Cash Advance, the lender will put a Hold Percentage on your future credit card sales. On average, lenders will request a 10% holdback fee which means at the end of the day if you had $1,000 in credit card sales, $100 would go to paying back the loan and your business would take the remaining $900 as usual. There will be a holdback taken until the loan is paid off. Usually, for ACH or business cash advances, the lender will pull a very small, pre-agreed upon amount from your bank account. Because the amount is so small and takes place daily, it is barely noticeable. Our lenders want to make sure you continue to grow your business and will work with you to enact a fair repayment structure that fits comfortably.How can I estimate my repayment costs?
Just visit our Small Business Loan Calculator. Here you can enter basic information to obtain examples of typical repayment amounts.What can I use the loan for?
You can use the money for anything you need to help grow your business. It is your baby and you are the owner. The funds are meant to help your business flourish, so use it where it makes sense.
What are the fees associated with your service?
There are no fees to use Maxiant. We work on your behalf and only generate revenues when you have been approved and funded. Most lenders use a Factor Rate and some low 1 time closing fees. A factor rate is a onetime cost on the money based on the length of the loan. The longer the agreed upon repayment plan lasts, the higher the factor rate will be and there are no penalties or late fees.What are the interest rates (APR)?
Interest rates for cash advances and business loans range based on multiple factors. Things like FICO, length of time in business, and banking history are important. Maxiant has the largest network of private capital sources in the nation. We are able to find you the best possible rates. Our lenders compete for your business, thereby driving down the interest and fees. You will see any and all costs before signing/accepting anything. You can depend on Maxiant to never charge any upfront fees or commissions. You will see interest rates starting as low as 5.99% APR.Can I pay back the loan early?
Absolutely. Each lender has easy ways to pay off early. There are even prepayment benefits at times.
What are the basic requirements?
Have been in business for at least 3 months Process at least $3,000 a month in credit card sales or grossing at least $8,000 a month Make at least 5 deposits a month with no more than 6 overdrafts In order to get qualified we typically will request:
Are there any state restrictions?
- 1 page application filled out and signed by owner(s)
- 6 months of most recent bank statements
- 3 months of most recent credit card statements
No. Our lenders approve loans in all 50 states.When can I reapply for another loan?
Most lenders will allow you to request more funds once 65% of your loan has been repaid. There are different refinancing options for each individual lender and you will have to check with them for specific details. Sometimes, we can match you up with 2 lenders in order to get you more money.Is personal collateral required?What if my bank has turned me down?What if I’ve filed for bankruptcy?
Why should I use Maxiant?
Many traditional banks are no longer meeting the needs of growing businesses. Maxiant offers quick and effective alternative financing for businesses in need of cash. We offer a less arduous application process, quick approvals, and a personal touch. We believe in building relationships for the long term. Ours is not a one-time transaction model. Rather, our goal is to work with you well beyond your short term financing needs as your needs may change. We’ll grow as you grow.How secure is my information?
Our website is completely encrypted and secured in the same method as a traditional bank’s website would be. Your information is safe and we do not sell any of your data to third party agencies. We take your privacy very seriously.Are you a direct lender?
Yes. Maxiant is a direct lender and we also have strong relationships that connect businesses that don’t meet our underwriting criteria with our network of lenders.Why would I use Maxiant instead of my bank?
Most banks have lengthy application and approval requirements. Not to mention it has become more and more difficult to be approved for a small business loan though traditional banks even with a great FICO score. We have a largest network of lenders in the country, giving you the best possibility to be matched for the loan you request. When the lenders compete for your business, you end up winning!Who should I call if I have any questions?
Call our Funding Managers at 1-888-850-2580. We are here to help you!