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Equitable Small Business Funding
whether you are looking to expand your current business or starting a new one, Access Plus Capital can get you where you want to be.
FAQ
The overall length of time typically depends on how quickly the applicant completes and submits all requested information. Applications with no activity for over 30 days will be canceled from the process.
| Step | Description |
| Submit Application | Application Submission |
| Loan Officer Followup | An Access Plus Capital loan officer will review the application and followup if there are clarifications or information missing. |
| Pre-approval | Once it is verified everything is correct, credit is pulled and the application is pre-approved or denied based on the applicant’s credit history and stated information, through an automated credit analysis that looks at the entirety of the information submitted by the applicant. |
| Gather Documents | If applicant is approved a document list will be provided. Applicant may submit documents via email, fax or secure upload (for confidential documents). Documents required depend upon the size of the loan request and status of the business and may include pay stubs, tax returns and bank statements. |
| Loan Decision | Stated income is verified and the business plan (for businesses < 2 years) is reviewed. A final decision is made. |
| Close Loan | Closing documents signed by all parties and loan funded. Payments received through automatic debit from your designated bank are required. |
| Step | Description |
| Submit Paper Application | Paper application and Personal Financial Statement is submitted |
| Loan Officer Followup | An Access Plus Capital loan officer will review the application and followup if there are clarifications or information missing. |
| Eligibility and Credit Pull | Once it is verified the project is eligible, credit is pulled and credit issues are addressed. This ensures something on the credit won’t hold up the application. |
| Gather Documents |
The following documents are required for all Enterprise loans:
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| Underwriting | Once a full packet is received the request is moved forward to underwriting. There are typically additional followup questions and documents required at this time. |
| Loan Committee | A final decision is made by the Access Plus Capital loan committee. They meet every three weeks. |
| Loan Closing | Collateral is verified and secured. Appraisals and environmental studies may be required. Closing may take place at Access Plus Capital offices or with a notary if the client prefers. |
| Disbursement | Client submits invoices for payments to be made to 3rd party vendors (ie for large equipment purchases and tenant improvements). Disbursements are made to clients (for small purchases and working capital) and to vendors. |