You will need 6 months of bank statements, 6 months of credit card statements or both depending on the kind of financing your business is looking for, and a simple one-page application. Larger funding requests or complex situations may require additional documentation.
In order to be eligible to apply for our MCA or Small Business Loans, your business must have been in operation for at least 3 months, have a minimum monthly revenue of $10,000, have a business checking account, and you must be authorized to take out the loan on behalf of your business.
Here at Comerser Financial we are not bound by stringent credit requirements. We consider more than just your credit score when determining your eligibility.
Each program has its own terms for payback. Please call one of our Account Specialists to get more information.
Funding amounts typically range from $10,000 – $500,000. There are exclusive funding opportunities with higher funding amounts available. Please contact a Comerser Financial Advisor for additional information.
Once approved, funds will typically be deposited into your business bank account by the next business day.
Funds are delivered to you electronically.
The funds can be used for any legitimate business purpose, including making payroll, covering bills and expenses, marketing, hiring, training, and purchasing equipment and inventory.
Yes, you can repay your outstanding balance at any time without incurring any additional fees.
If you are a current Comerser Financial customer and interested in obtaining additional funds we have a very simple and fast process. Our Relationship Management team can handle your renewal. You can contact them directly at 303-524-9075 or email at [email protected]
Merchant Cash Advance (MCA)
For another merchant cash advance, we will need to see your 3 most recent business banking statements and 3 months of merchant processing statements. Depending on the amount of capital we are providing to your business, we may also require your most recent Profit & Loss Statement, Balance Sheet and Business Tax Return.
Small Business Loan:
If you’re applying for another small business loan, we require your 3 most recent business banking statements. Depending on the amount of working capital we are providing your business with, we may also need to see your most recent Profit & Loss Statement, Balance Sheet and Business Tax Return.