There have never been more options for small business owners to find funding. But actually obtaining funding remains a problem. That’s where companies like Price Funding come into the picture.

Price Funding focuses on providing merchant cash advances and working capital to small businesses. Since Price Funding has streamlined the application process and doesn’t have strict requirements, it’s become a go-to cash source for businesses with short-term cash needs and those that have been turned away by traditional lenders.

Before you apply for funding from Price Funding, take time to learn if the company’s products are right for you. Here are all the details you need to know:

How Does Price Funding Work?

Price Funding has its own unique loan process. Here’s how the company does it:

Qualifications

Price Funding has some pretty clear and simple requirements. You must have:

  • Revenue of at least $8,000 per month
  • At least half a year in business
  • A location in the USA

On top of these, Price Funding doesn’t approve clients that have excessive bankruptcies or tax liens. No collateral or personal guarantee is required. And there are no credit requirements, though your score will impact the cost of borrowing.

Application

You create an account, fill out personal and business information and submit revenue data. Then, you wait for the automated business review. Price Funding will generate a list of funding offers for which you qualify. You choose one and have the funds sent to you. The money will get to your account in 24 to 72 hours.

Of course, sometimes extra info is needed. In that case, a loan specialist from Price Funding will contact you.

Loans and terms

Repayment periods for Price Funding merchant cash advances and working capital range from three to 24 months. You have some flexibility in choosing your loan terms.

There is technically no interest to be paid. The APR varies considerably, as it’s highly impacted by your own revenue and how long it takes you to repay the loan.

You pay the loan back by giving Price Funding an agreed-upon amount you give to Price Funding from your daily bank accounts (for working capital) or an agreed-upon percentage you give to Price Funding on merchant account settlements (for merchant cash advances). Be absolutely clear on how much you’ll be repaying Price Funding before signing the loan.

What Makes Price Funding Stand Out?

Price Funding has served over 15,000 small business owners. Obviously, the company is doing certain things right.

Where Price Funding excels are in the following areas:

  • Flexibility: You can use the funds any way you please and have considerable control over how long the repayment term is and how much it is.
  • Reasonable requirements: Price Funding has straightforward requirements and they’re willing to lend to borrowers that typically get rejected by traditional lenders.
  • Fast application: You can finish the application in as little as 10 to 20 minutes.
  • Quick access to funds: You only have to wait 24 to 72 hours to get your cash.

Common Reviews of Price Funding

There aren’t tons of reviews on Price Funding out there. But what you’ll find is mostly positive.

For example, reviews on the Price Funding’s website praise the company’s streamlined loan process, ability to get approved easily, flexible loan terms, and solid customer service.

Price Funding is still a relatively new player in the small business lending arena. Over time, more reviews will pop up on the internet. Look on third-party sites like TrustPilot and Credit Karma for more reviews.

Is Price Funding Right for You?

Price Funding provides merchant cash advances and working capital. These types of funding can get expensive.

Because of this, Price Funding is mainly useful if you can’t get approved for a traditional small business loan or need a quick cash infusion. If you have good credit and don’t need money within the next few days, you’ll find better terms elsewhere.

With that said, Price Funding is a great option for many business owners, especially those in the early stages of their operation and those with average or poor credit. The company also works quickly, which does come in handy.

If Price Funding’s loans suit your current situation, go ahead and apply. Just be sure to compare with other lenders. This way, you can be certain that you get the best funding for your small business.