Question 1

How long does an application take?

Accepted Answer

About twelve minutes for most businesses. Your answers save as you type, so you can stop and come back — nothing is lost if you close the tab.

Question 2

Will applying affect my credit score?

Accepted Answer

Submitting an application authorises a soft credit check, which does not affect your credit score. A hard credit inquiry is only run later, before final funding, and only with your authorisation at that point.

Question 3

How much can my business borrow?

Accepted Answer

It depends on the product and on your revenue. The application shows an indication once you have completed the financial section, and a decision in principle on requests above $10,000 before you upload anything.

Question 4

What documents will I need?

Accepted Answer

Three months of bank statements, a driver's licence front and back, a home utility bill and a voided cheque as a minimum. The checklist is built from your answers.

Question 5

Why do you need my home address?

Accepted Answer

Every owner over 20% is verified personally as well as through the business. The utility bill confirms the home address you gave, which is why it has to be dated within 90 days.

Question 6

Do I have to give a personal guarantee?

Accepted Answer

For most products yes, from each owner over 20%. It is disclosed in the authorisations before you sign, not buried afterwards.

Question 7

Is a merchant cash advance a loan?

Accepted Answer

No. An advance is a purchase of a fixed amount of your future receivables at a discount. It is priced by factor rate rather than interest rate, and repayment moves with your receipts.

Question 8

What happens after I submit?

Accepted Answer

Your file goes to an underwriter with everything you provided. Most decisions come back within four hours during business days, and most files complete within one business day of the documents arriving.

Question 9

Can I apply with a previous bankruptcy?

Accepted Answer

You can. Declare it — a disclosed bankruptcy is underwritten, an undisclosed one that surfaces in the file usually ends the application.

Question 10

Who sees my social security number?

Accepted Answer

Only the underwriting team, and every view is logged with the user, the time and the IP address. Card images are held encrypted with an automatic deletion window after funding or decline.

Question 11

Can I save and come back?

Accepted Answer

Yes. The record exists from your first answer. Log in to your portal at any point and pick up exactly where you stopped.

Question 12

Are you a lender or a broker?

Accepted Answer

Both, depending on the product. We fund some financing directly, and arrange others through a panel of partner lenders. Where a partner lender funds your offer, Spes Financials acts as a broker and may be compensated by that lender.

Capital that moves at the speed of your business.

Eleven products, one application.

What each one actually is.

All eleven, on one screen.

Four steps, and you can stop at any point.

The system does the chasing, not you.

The things everyone asks.

See what your business qualifies for.