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Principis Capital-
Your future capital working for you today.
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At Principis Capital, we use a proprietary credit model designed to streamline the entire underwriting process. We want the Application-to-Funding period to be as straight-forward and as timely as possible. Below are the underwriting stages:
Stage 1: Information Gathering (Day 1)
Submit the following information to us by either faxing it to us at 1-800-207-5018 or emailing us at sales@principiscapital.com:
1. Our one-page application (you can download the application by clicking here)
2. 4 months of recent credit card processing statements
3. 2 months of recent bank statements of your business account
Upon receipt, a qualified Principis Capital representative will contact you within 1 business day to discuss your funding options.
Stage 2: Our Credit Model & Pre-Qualification (Day 1-2)
Your submitted information is then run through our proprietary credit model in order to determine if you are pre-qualified for a business cash advance. Your official pre-qualification status will be communicated to you within 2 business days. If you are pre-qualified, you will be sent a contract containing the terms of the business cash advance and continue on to Stage 3.
Key factors our Credit Model uses include:
1. Company’s and business owner’s credit history**
2. Length of ownership and age of business
3. Industry segment
4. Company’s historical credit card processing patterns
5. Location of business (we also fund in Canada)
** Even if your credit is poor, you can easily qualify as long as your business is solid!
Stage 3: Contract Signature, Verification & Final Approval (Days 3-6)
When we receive your signed contract and a copy of a government-issued ID (driver’s license or passport), the Underwriters will confirm the accuracy of the submitted information, issue a site inspection, conduct an interview with the business owner and the landlord (if applicable), and confirm the batching process. This Verification & Final Approval process is done within 1 to 3 business days. After it is completed, the funds are wired into your company’s checking account!
Apply Now for a Business Cash Advance by filling out the form on the right or call us at (866)-311-5463 for an instant answer!
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