What is the MaxCash Business Loan Process?

April 23, 2019

The process of getting a business loan through MaxCash is similar to how you would get any other type of loan through us. You would simply have to follow our quick 3-step process.

Step 1: Applying for a Business Loan Through MaxCash

In order to apply for a business loan with MaxCash, there are a few steps you will have to go through. The first step will involve contacting one of our agents. You could do so by calling (833) 207-9052 or emailing us at Info@MaxCash.com.

Once you’re are in contact, an agent will ask a series of questions. These questions will cover:

  • Your name
  • Your age
  • You and your company’s credit history
  • Your company’s name
  • Your Social Security Number
  • Your company’s annual income

This information will be required because it will allow our agents to get a better understanding of not only you, but your company as well. By knowing these details, our agents could help you find a compatible lender in your area that suits your needs.

Step 2: MaxCash Business Loan Options

The next step in the process to get a business loan will be to talk about your business loan options. When it comes to business loans, there are quite of few options to choose from, so it’s important know what type of business loan you want to get before talking to a lender.

Several types of business loans include:

  • Working Capital Loans: These are short-term loans that a business can get when they need money to fund their operations. Having a working capital loan allows you to continue your business as usual while you find other ways to produce revenue.
  • Equipment Loans: With this type of loan, a company can buy new office equipment like computers or machinery and even vehicles. Equipment loans have more flexible eligibility requirements than most other types of business loans because the equipment purchased is used as collateral to obtain the loan.
  • Invoice Factoring: This type of loan is generally used with newer companies when they need cash up front. These loans are paid back by any outstanding invoices a company must collect. And as the invoices are collected, the lender will get that money along with an additional fee.
  • Lines of Credit: A line of credit is like a working capital loan—they can help fund everyday needs. But with lines of credit, you only take what you need and pay the funds you have used. By making monthly payments on time, reliability could reflect positively on your company’s credit.

Take note that MaxCash is not a lending company, so we cannot offer funds directly. But by using our financial services, we could help find you both a loan and a lender to suites your needs. If you wish to learn more about MaxCash, visit our informational webpage.

Step 3: MaxCash Business Loan Process

The last step when applying for a business loan through MaxCash is being connected to a lender. After our agents have gone through the information you have provided them, they will review and compare lenders in our network. Once a compatible lender is found in your area, we will then send your information to that lender—with your permission of course.

But that is not the end of the road quite yet as the lender we match you with will require some more information. What is required will differ slightly lender to lender but generally you will need to provide:

  • A Business Plan: By drawing up a business plan, a lender can see if your business has the capability to generate enough revenue to pay back the loan.
  • A Marketing Plan: This will be used to show that your company can stand out from the rest of its competitors with data showing the company’s product or service.
  • Your Business and Personal Financial Statements: By including you and your company’s financial records for the past three years, a lender can see if either you or your business can handle debt. The lender will also determine if debts can be paid off in a timely manner.

When you apply for a loan with MaxCash, take comfort in knowing we only work with the best lenders around. We vet every company we work with, so if they don’t measure up to our standards, then we don’t work with them.

Plus, if our customers start telling us about issues with a certain lender we work with, we’ll stop working with that company. We take pride in what we do, so we strive to provide superior service. When working with MaxCash, you’re not just a number, you’re family.

To contact MaxCash, you can call (833) 207-9052 or send us an email to info@maxcash.com.

DISCLAIMER:
The MaxCash website does not offer or provide loans, but rather, it offers a service. It should not be construed as a lending agent or broker. The site does not endorse any lenders and does not charge visitors any fees. The website owners do not evaluate potential lenders’ applications, nor do they approve or deny credit. The MaxCash website does gather applicants’ personal information and transmits it to lenders that are part of the site’s lending network. No one is required to make use of this website, nor are they under any obligation to begin contact with site operators or to attempt to secure a loan with any of the site’s lending partners. Transmission of your financial and personal information on the website in no way obligates lenders to offer you a loan or any other kind of credit product. Be aware that cash transfer times can vary, depending on the lender and the bank you use. It may be necessary to fax information under certain circumstances. All questions about loans, and any concerns you may have should be directed to your lender. These loans are intended as short-term financial solution to satisfy borrowers’ needs for immediate monetary relief. This is not intended to be part of a long-term financial plan for individuals. These services are not offered in all states. Potential borrows may undergo credit check if lenders choose to use any of the major credit reporting bureaus, including Equifax, Trans Union and Experian. They may also use other alternative sources to check credit ratings. Your request for a loan constitutes your agreement and acknowledgement that (A) your personal data may be shared with lenders and perhaps other third-party partners, and (B) lenders can acquire credit bureau reports that detail your credit history. Reports from major credit bureaus, such as Equifax, Experian and TransUnion may be obtained and used to evaluate your reliability as a borrower.

1Loan amounts by the lenders vary based on qualifications.

2Since we do not lend money directly we cannot offer you a solicitation for a loan. In all serviced states we WILL match you with a lender based on the information you provide on this website. We will not charge you for this service and our service is not available in all states. States that are serviced by this Web Site may change from time to time and without notice. Personal Unsecured Loans are not available in all states and all areas.

3Loans such as, Auto Title Loan companies typically do not have pre-payment penalties, but we cannot guarantee that every lender meets this standard. Small Business Loans typically do have pre-payment penalties and occasionally will use your car as collateral to secure the loan. Other types of loans may have pre-payment penalties as well.

4All lenders are responsible for their own interest rates and payment terms. Max Cash has no control over these rates or payments. Use of the work competitive or reasonable does not mean affordable and borrowers should use their own discretion when working directly with the lender.

5The amount of people who applied for a loan and we helped and those who received a loan is not the same. We cannot guarantee we will find a lender who will fund you. Just because you give us information on this web site, in no way do we guarantee you will be approved for a car title loan or any other type of loan. Not all lenders can provide loan amounts you may see on this web site because loan amounts are limited by state law and/or the lender. Some lenders may require you to use a GPS locator device on your car, active all the time, in the circumstance for an auto title loan. They may or may not pay for this or charge you for this. This is up to the lender and we have no control over this policy of the lender. Typically, larger loans or higher risk loans use a GPS.

In some circumstances faxing may be required. Use of your cell phone to receive updates is optional. Please review our privacy policy.

Loans such as Car Title Loans are expensive and you may have other ways to get funding that is less expensive. These types of loans are meant to provide you with short term financing to solve immediate cash needs and should not be considered a long-term solution. Residents of some states may not be eligible for a loan. Rejections for loans are not disclosed to our firm and you may want to contact the lender directly.

Signature and personal loans are only available in Georgia and Florida. Loan amounts differ at locations. Account approval requires satisfaction of all loan eligibility requirements, including a credit inquiry, and, if applicable, motor vehicle appraisal.

Car Title Loan lenders are usually licensed by the State in which you reside. You should consult directly with these regulatory agencies to make sure your lender is licensed and in compliance. These agencies are there to protect you and we advise making sure any lender you receive money from is fully licensed.

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