Question 1

What are the minimum requirements?

Accepted Answer

Most BAMFS programs require at least 6 months in business, $10,000+ in monthly revenue, and a personal credit score of 500+. Requirements vary by product.

Question 2

Do I need collateral?

Accepted Answer

Our Term Loans, Lines of Credit, and MCAs are typically unsecured — no collateral required. A personal guarantee is standard.

Question 3

Can I qualify with less-than-perfect credit?

Accepted Answer

Yes. We work with lenders who specialize in credit-challenged businesses. MCAs in particular weigh revenue more heavily than credit.

Question 4

What industries do you work with?

Accepted Answer

Retail, restaurants, healthcare, construction, transportation, manufacturing, professional services, and more. Some high-risk industries may have limited options.

Question 5

How long does pre-qualification take?

Accepted Answer

About 5 minutes online. A BAMFS advisor will follow up within one business day with options.

Question 6

What documents do I need?

Accepted Answer

Typically 3–6 months of business bank statements, a government-issued ID, and proof of business ownership.

Question 7

Is my information secure?

Accepted Answer

Yes. Uploads use encrypted transit and storage. We never sell your information and only share with lenders you authorize.

Question 8

Can I apply for multiple products at once?

Accepted Answer

Yes — your advisor will match you with the products you qualify for so you can compare side by side.

Question 9

What rates can I expect?

Accepted Answer

Term Loans typically range from 9–25% APR. Lines of Credit from 10–30% APR. MCAs are priced as factor rates, typically 1.15–1.45.

Question 10

Are there upfront fees?

Accepted Answer

BAMFS never charges upfront fees. Lenders may charge origination fees (1–5%) disclosed before you accept any offer.

Question 11

Can I pay off early?

Accepted Answer

Most products allow early payoff with reduced total cost. MCAs are fixed-cost — early payoff doesn't reduce the total payback.

Question 12

How much can I borrow?

Accepted Answer

Term Loans: $10K–$2M. LOC: $10K–$500K. MCA: $5K–$1M, sized to monthly revenue.

Question 13

How fast can I receive funds?

Accepted Answer

MCAs and short-term loans can fund the same or next day. Term Loans typically fund in 1–3 business days. Lines of Credit, 1–5 business days.

Question 14

How are funds disbursed?

Accepted Answer

Direct ACH to your business bank account.

Question 15

Can I use funds for any purpose?

Accepted Answer

Yes — working capital, inventory, payroll, expansion, marketing, equipment, or managing cash flow.

Frequently Asked Questions

Eligibility

Application Process

Rates & Terms

Funding Speed

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