Looking for something specific? We’ve compiled answers to some of our most frequently asked questions.
What products do you offer?
BVF offers business term loans, Revenue based financing and lines of credit. There is one application for BVF financing and our system will evaluate which one best fits your business’ credit profile and needs.
What are your loan amounts and terms?
Our funding ranges from $10,000 – $2,000,000, over 3 – 60 month terms. Our lines of credit go up to $200,000. Payments are made over six months. The lines are revolving so as you pay down your balance, your available funds increase.
How does the application process work?
BVF’s application process is simple and typically takes about 10 minutes. You can apply online or over the phone by calling (877) 524-9277.
What information do I need to apply?
Typically, we only require basic information about yourself and your business. Depending on your loan amount, we may also ask for:
Business Tax ID
Credit card statements for the previous 3 months
Bank statements for the previous 6 months
Social Security number of business owner(s)
Driver’s license number and state of issue
How do I qualify for BVF financing?
To qualify for a BVF loan, your business should have the following characteristics:
1+ year in business
$100,000+ in annual revenue
500+ FICO score of the business owner
How quickly can I receive a BVF loan?
BVF can deliver decisions in minutes, and funding in as fast as 24 hours.
Is there any obligation to apply?
No, there is no obligation.
How does repayment work?
BVF deducts a fixed, daily payment from your business bank account on a daily, weekly or monthly basis, depending on the product you are approved for. These fixed payments help ensure minimal impact to your cash flow and are proven to prevent the snowball effect often caused by missing larger monthly payments. As a customer, you will have access to an online account where you can monitor your loan and payment activity 24/7/365.