Frequently asked questions

It depends on the product. Merchant cash advances and short-term funding often close within one to two business days after approval. SBA loans and equipment financing usually take longer.

Your business details, the owner's contact information and your last four months of business bank statements. Some products ask for more, and your advisor will tell you exactly what.

A merchant cash advance is a purchase of a portion of your future sales, not a loan. You receive a lump sum, and the funder collects a set amount from your business bank account daily or weekly until the agreed total is paid back.

Often, yes. Many of our partners care more about your monthly deposits and time in business than your personal credit score. Approval and terms are always up to the funding partner.

Almost all of them, including restaurants, construction, trucking, retail, medical, auto repair, salons and e-commerce. See industries we work with, or apply and we'll tell you quickly.

No. You can review every offer and decide not to move forward.

Some funding partners only need a soft credit check to make an offer, which doesn't affect your score. Others may run a full credit check before funding. Your advisor will tell you before any partner does.

It depends mostly on your monthly revenue, time in business and existing balances. Try the funding calculator for a rough estimate, then apply to see real offers.

Often, yes. Some partners work with businesses that have one or more open positions. Tell us what you have when you apply so we send your file to the right partners.

For general questions, email our team at Ops@EvofiUSA.com. To send an application or documents, use Apply@EvofiUSA.com. For legal or privacy questions, use Legal@EvofiUSA.com. Our team is available Monday through Friday, 8am to 7pm ET, except bank holidays.